Banzai Signs Over 220 Corporate Customers in January
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Insights
The addition of 150 new corporate customers to Banzai International, Inc.'s portfolio signifies a robust expansion in the company's market reach. This growth is not just a quantitative increase in customer base but also a qualitative enhancement, given the diversity of industries these new clients represent. From photonic engineering to wealth management and medical oncology, Banzai is diversifying its risk and revenue streams, which could lead to more stable financial performance. Investors may see this as a positive signal for Banzai's adaptability and potential for cross-industry penetration, possibly affecting the company's valuation positively.
Organic growth through customer acquisitions is a key indicator of a company's underlying health and its competitiveness in the market. For Banzai, securing over 150 new corporate clients in a single month might suggest an effective sales strategy and a strong value proposition in its marketing and sales solutions. The impact on the company's revenue will be particularly scrutinized in subsequent financial disclosures. Investors should monitor the company's customer retention rates and the lifetime value of these new clients, as these metrics will be crucial in understanding the long-term financial implications of this expansion.
With the inclusion of companies like G&H and Roofstock, Banzai is tapping into niche markets that may have previously been untapped by their solutions. This could indicate a strategic move to not only expand but also to innovate within its service offerings. The photonic engineering sector and the real estate investment platform, for instance, have unique marketing needs that Banzai will need to cater to. The ability to serve such specialized industries could set Banzai apart from competitors, potentially leading to increased market share and influence within the marketing technology sector.
Recent Customer Wins and Reactivations Ring in a Year of Targeted Organic and Inorganic Growth
SEATTLE, Feb. 12, 2024 (GLOBE NEWSWIRE) -- Banzai International, Inc. (NASDAQ: BNZI) (“Banzai” or the “Company”), a leading marketing technology company that provides essential marketing and sales solutions, celebrates the Company’s successful customer acquisitions efforts in January with the addition of over 150 new corporate customers to its impressive customer roster.
Banzai’s newly added customers come from a wide range of industries and geographical locations and include G&H, a global leader in photonic engineering, device management company Esper, data analytics powerhouse UBIX, DBNAlliance, Canadian Wealth manager Investors Group, PDM Automotive, single-family rental investment platform Roofstock as well as the Spanish Society of Medical Oncology.
“We are thrilled about our recent customer acquisition efforts and can’t wait for what’s to come in 2024, as we are adding more MarTech offerings to our integrated family of products. Our organic efforts are heavily supplemented by our acquisition targets that we expect will offer great cross-selling opportunities,” said Joe Davy, CEO and Founder of Banzai. “I see Banzai well positioned to aggressively grow in 2024 and beyond.”
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
Certain statements included in this press release are forward-looking statements within the meaning of “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “propose,” “plan,” “project,” “forecast,” “predict,” “potential,” “seem,” “seek,” “future,” “outlook,” “target,” or similar expressions that predict or indicate future events or trends or that are not statements of historical matters, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements include, but are not limited to statements regarding the rate of customer acquisitions, Banzai’s proposed acquisitions and the potential success of those acquisitions, if completed, estimates and forecasts of, financial and performance metrics, projections of market opportunity and market share, expectations and timing related to commercial product launches or success, ability to accelerate Banzai’s go-to-market strategy and capitalize on commercial opportunities, and the potential success of Banzai’s go-to-market strategy. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of Banzai’s management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. These forward-looking statements are subject to a number of risks and uncertainties, including: the rate of ongoing customer acquisitions; the failure to enter into definitive agreements with, or complete the acquisition of, proposed acquisition targets; the failure to maintain Nasdaq listing of Banzai’s securities; changes in domestic and foreign business, market, financial, political and legal conditions; uncertainty of the projected financial information with respect to Banzai; Banzai’s ability to successfully and timely develop, sell and expand its technology and products, and otherwise implement its growth strategy; risks relating to Banzai’s operations and business, including information technology and cybersecurity risks, loss of customers and deterioration in relationships between Banzai and its employees; increased competition; potential disruption of current plans, operations and infrastructure of Banzai as a result of operating as a new public company; difficulties managing growth and expanding operations; the impact of geopolitical, macroeconomic and market conditions; the ability to successfully select, execute or integrate future acquisitions into the business, which could result in material adverse effects to operations and financial conditions; and those factors discussed in its Annual Report on Form 10-K for the fiscal year ended December 31, 2022, Quarterly Reports on Form 10-Q for the quarters ended March 31, 2023, June 30, 2023, and September 30, 2023, the registration statement on Form S-4 (together with all amendments thereto, the "Registration Statement") initially filed on August 31, 2023, and the definitive proxy statement / prospectus contained therein, in each case, under the heading "Risk Factors," and other documents of Banzai filed, or to be filed, with the Securities and Exchange Commission. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. In addition, forward-looking statements reflect Banzai’s expectations, plans or forecasts of future events and views as of the date of this press release. Banzai anticipates that subsequent events and developments will cause Banzai’s assessments to change. However, while Banzai may elect to update these forward-looking statements at some point in the future, Banzai specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing Banzai’s assessments as of any date subsequent to the date of this press release. Accordingly, undue reliance should not be placed upon the forward-looking statements.
Contacts:
Investors
Ralf Esper
Gateway Group
949-574-3860
bnzi@gateway-grp.com
Media
Raven Carpenter
BLASTmedia
banzai@blastmedia.com
FAQ
How many new corporate customers did Banzai International, Inc. (BNZI) add in January?
Which industries do the newly added customers of Banzai International, Inc. (BNZI) belong to?
Can you name some of the new corporate customers acquired by Banzai International, Inc. (BNZI) in January?
