Banzai Signs 169 Customers in May
Banzai International, a leading marketing technology company, announced the addition of 169 new customers in May 2024. This includes 110 new and 59 reactivating customers, bringing the total year-to-date sign-ups to 979. Notable new clients include Nextiva, ViB, Polar, Optimal Strategix Group, Brightly Works, Orbia, and The Adecco Group. CEO Joe Davy emphasized the company's strong Q2 performance and commitment to providing valuable solutions to its clients.
- 169 new customers added in May 2024, increasing total year-to-date sign-ups to 979.
- Notable new clients include major companies like Nextiva, ViB, and The Adecco Group.
- Strong Q2 performance with a mix of new and reactivating customers.
- Demonstrates ongoing customer growth momentum and market confidence.
- Potential for increased revenue from new and reactivated customer accounts.
- The press release lacks specific financial data or revenue figures, making it difficult to assess the financial impact.
- No mention of customer retention rates or potential customer churn, which could affect long-term stability.
Insights
Banzai International, Inc. (NASDAQ: BNZI) has demonstrated strong organic growth by signing on 169 new and reactivating customers in May. This is a significant indicator of the company’s ability to attract and retain clients in a competitive market. Adding nearly
Key insights: The addition of notable customers such as Nextiva, ViB and The Adecco Group indicates that Banzai's solutions are appealing to major industry players. A key area to watch is how these customer additions translate into revenue and profitability in subsequent financial reports. Investors should also monitor customer churn rates and the effectiveness of Banzai's customer retention strategies.
In the short term, this news could positively impact BNZI's stock price due to increased investor confidence. Long-term implications include potential market share growth and improved competitive positioning.
Rating: +1
The acquisition of 169 customers in a single month by Banzai International, Inc. suggests robust demand for its marketing technology solutions. This growth is significant in the context of the broader mar-tech industry, which is highly competitive and requires constant innovation to stay relevant.
The inclusion of high-profile clients like Nextiva and The Adecco Group serves as a strong endorsement of Banzai’s offerings. This could enhance Banzai's reputation in the market, likely leading to further business opportunities.
For investors, this indicates that Banzai is effectively positioning itself as a leader in the marketing technology space. However, it's important to remain cautious and look at the company's ability to maintain this momentum and ensure these customer additions translate into long-term relationships and not just short-term gains.
Rating: +1
Marketing technology company continues organic growth momentum with customer wins
SEATTLE, June 06, 2024 (GLOBE NEWSWIRE) -- Banzai International, Inc. (NASDAQ: BNZI) (“Banzai” or the “Company”), a leading marketing technology company that provides essential marketing and sales solutions, today announces the addition of 110 new and 59 reactivating customers during May 2024, bringing the total year-to-date sign-ups to 979.
Customers added during May include Nextiva, a leading AI-powered customer experience platform for businesses of all sizes; ViB, a B2B lead generation company; Polar, a leader in personal guidance for fitness, sport, and health; Optimal Strategix Group, a customer-centric global technology and analytics provider; Brightly Works, a trusted strategic digital solutions partner; Orbia, a company with a collective focus on expanding access to health and well-being; and The Adecco Group, a leading talent company.
“We continue to see customer momentum build as we move through Q2, including adding several new large accounts and key renewals in May,” said Joe Davy, CEO and Founder of Banzai. “We’ve added nearly 1,000 logos this year so far and we look forward to providing our new and current customers with powerful solutions to engage their customers and grow their organizations.”
About Banzai
Banzai is a marketing technology company that provides essential marketing and sales solutions for businesses of all sizes. On a mission to help their customers achieve their mission, Banzai enables companies of all sizes to target, engage, and measure both new and existing customers more effectively. Banzai customers include Square, Hewlett Packard Enterprise, Thermo Fisher Scientific, Thinkific, Doodle and ActiveCampaign, among thousands of others. Learn more at www.banzai.io. For investors, please visit https://ir.banzai.io/.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements often use words such as “believe,” “may,” “will,” “estimate,” “target,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “propose,” “plan,” “project,” “forecast,” “predict,” “potential,” “seek,” “future,” “outlook,” and similar variations and expressions. Forward-looking statements are those that do not relate strictly to historical or current facts. Examples of forward-looking statements may include, among others, statements regarding Banzai International, Inc.’s (the “Company’s”): future financial, business and operating performance and goals; annualized recurring revenue and customer retention; ongoing, future or ability to maintain or improve its financial position, cash flows, and liquidity and its expected financial needs; potential financing and ability to obtain financing; acquisition strategy and proposed acquisitions and, if completed, their potential success and financial contributions; strategy and strategic goals, including being able to capitalize on opportunities; expectations relating to the Company’s industry, outlook and market trends; total addressable market and serviceable addressable market and related projections; plans, strategies and expectations for retaining existing or acquiring new customers, increasing revenue and executing growth initiatives; and product areas of focus and additional products that may be sold in the future. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Forward-looking statements are not guarantees of future performance, and our actual results of operations, financial condition and liquidity and development of the industry in which the Company operates may differ materially from those made in or suggested by the forward-looking statements. Therefore, investors should not rely on any of these forward-looking statements. Factors that may cause actual results to differ materially include changes in the markets in which the Company operates, customer demand, the financial markets, economic, business and regulatory and other factors, such as the Company’s ability to execute on its strategy. More detailed information about risk factors can be found in the Company’s Annual Report on Form 10-K and the Company’s Quarterly Reports on Form 10-Q under the heading “Risk Factors,” and in other reports filed by the Company, including reports on Form 8-K. The Company does not undertake any duty to update forward-looking statements after the date of this press release.
Contacts:
Investors
Mark Musburger
CFO, Banzai
mark.musburger@banzai.io
Media
Rachel Meyrowitz
Director, Marketing, Banzai
rachel.meyrowitz@banzai.io
FAQ
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