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Asana, Inc. (ASAN) is a leading provider of collaborative work management software designed to help teams coordinate and manage their work from start to finish. Founded by Dustin Moskovitz and Justin Rosenstein, who initially developed the tool for internal use at Facebook, Asana has grown into a global enterprise with offices in San Francisco, New York City, and Dublin.
Asana's core product is a cloud-based SaaS platform that enables seamless project management, task tracking, and team collaboration. The tool offers a range of features including task and project management, team communication, real-time project visibility, and automation capabilities. This allows organizations to streamline their workflows, improve efficiency, and achieve better results.
The company offers a freemium model, providing free access for teams of up to 15 members with unlimited projects and tasks. For larger teams and more advanced features, Asana offers subscription plans that generate revenue on a per seat basis.
Asana is supported by major investors such as Benchmark Capital, Andreessen Horowitz, Founders Fund, and Peter Thiel. The company continues to expand its capabilities and improve its offerings, making it a valuable tool for businesses of all sizes across various industries. Recent achievements include enhanced reporting and automation features, which significantly boost productivity and project management efficiency.
The platform is accessible via web and mobile apps available on Asana's website, iTunes, and Google Play. Asana's scalable and dynamic tools have made it an essential part of workflow management for marketing programs, IT approvals, performance management, and more.
Asana (NYSE: ASAN) has released its annual Anatomy of Work Index 2021, highlighting that global workers are losing 60% of their time on work coordination, with larger organizations experiencing increased time loss. Surveying over 13,000 knowledge workers, key findings reveal that 87% of employees are working late, and 36% of deadlines are missed weekly. Notably, workers report higher instances of burnout and imposter syndrome. Asana emphasizes the need for clear processes to improve productivity and resilience moving forward.
Asana (NYSE: ASAN) introduced Project Overview, enhancing team collaboration by providing essential project details in one place. An accompanying Anatomy of Work Index survey revealed that new employees spend significant time on completed tasks and unnecessary meetings, highlighting inefficiencies. New hires face challenges in acclimating, linking time-wasting practices to a 30% increase in duplicated work. With integrations for creative tools, Project Overview aims to streamline project management, allowing teams to spend more time on productive tasks.
Asana, a leading work management platform, has been awarded the Glassdoor Employees’ Choice Award for 2021, recognizing it as one of the best places to work in the U.S. small and medium company category. This accolade highlights Asana's mission-driven culture, transparent leadership, and commitment to employee well-being. Previously, Asana received multiple awards from Great Place to Work and Fortune, reinforcing its reputation as a top workplace. Employees valued the company's supportive environment, especially amid evolving work dynamics due to COVID-19.
Asana, a top work management platform, will present at the Jefferies 2021 Virtual Software Bus Tour on January 13, 2021, at 9:00 a.m. PT / 12:00 p.m. ET. The CFO, Tim Wan, will deliver the presentation, accessible via the webcast link. Asana supports over 89,000 paying organizations in 190 countries, including notable clients like Accenture, Spotify, and Sky. The presentation replay will be available on Asana’s Investor Relations website.
Asana (NYSE: ASAN) announced upcoming investor presentations featuring Chief Financial Officer Tim Wan. These events include the ICR Conference on January 11, 2021, and the Jefferies Virtual Software Bus Tour on January 13, 2021. Both sessions will provide insights into Asana's operations and trends in the work management sector. Interested parties can access the webcasts via Asana's investor relations website. The company, headquartered in San Francisco, serves over 89,000 organizations globally.
Asana, Inc. (NYSE: ASAN) announced that its Head of Product, Alex Hood, will engage in a fireside chat with Brent Bracelin, Sr. Research Analyst at Piper Sandler.
This event is part of the Piper Sandler Digital Disruptor Live Series and is scheduled for January 8, 2021, at 8:00 AM PT/11:00 AM ET.
The webinar can be accessed via this link, and the presentation will be available for replay on Asana’s investor relations website.
Asana, Inc. (NYSE: ASAN), a prominent work management platform, has been recognized as the leader in G2’s Winter 2021 Grid® Report for Project Management. Following two consecutive years in the Leader quadrant, Asana received high praise from nearly 7,000 customer reviews, achieving a 99 out of 100 score for user satisfaction. The company ranked first in several categories, including Enterprise, Mid-Market, and Small Business Grids, affirming its strong market presence and commitment to enhancing team collaboration. Asana continues to gain traction among global organizations, demonstrating significant growth.
Asana, Inc. (NYSE: ASAN) has announced that its Asana Together program has exceeded 2,000 members globally, enhancing its community-focused growth strategy. Launched in 2019, the program facilitates connections among customers and experts through both virtual and in-person events. In 2020 alone, Asana hosted over 175 events worldwide, including more than 40 community-based activities. The initiative aims to share best practices and foster collaboration, reflecting Asana's commitment to improving teamwork and productivity.
Asana, Inc. (NYSE: ASAN) reported strong Q3 fiscal 2021 financial results with a 55% year-over-year revenue increase, reaching $58.9 million. The company saw significant customer growth, with over 89,000 paying customers, 8,938 spending $5,000+ annually (up 58%), and 318 spending $50,000+ annually (up 104%). However, the GAAP net loss was $73.3 million, slightly worse than last year. For Q4, Asana expects revenues of $62-$63 million, reflecting 43%-45% growth, alongside a projected non-GAAP net loss per share of $0.27 to $0.25.
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