Braze Continues Global Expansion with Presence in Canada and France

Rhea-AI Summary

Braze (NASDAQ:BRZE) is expanding its global presence with new offices in Toronto and Paris, focusing on localized support for customers like KFC Canada and Tim Hortons. The company also plans to grow its operations in the U.S. with additional locations in Austin and an expanded office in Chicago. Currently, Braze serves 1,247 customers across 64 countries and employs over 1,000 individuals globally. The expansion aims to enhance customer engagement strategies and capitalize on market opportunities.

Positive

• Expansion into new markets with offices in Toronto and Paris.
• Increased customer support for major clients like KFC Canada and Tim Hortons.
• Current customer base of 1,247 in 64 countries.
• More than 1,000 employees globally, indicating growth.

Negative

• Risks associated with rapid growth and dependency on customer retention.
• Ongoing operating losses could affect financial stability.
• Reliance on third-party cloud providers presents operational risks.

Leader in Customer Engagement Also Announces New Office Locations in Austin and Chicago

NEW YORK--(BUSINESS WIRE)-- Braze (NASDAQ:BRZE), the comprehensive customer engagement platform that powers interactions between consumers and brands they love, today announced it plans to expand its global footprint to include Toronto, Canada and Paris, France, with recruitment beginning immediately for positions in the greater Paris area as well as across Canada.

The investment in these new countries enables Braze to offer localized support for its existing customers in both markets, including KFC Canada, Tim Hortons, Dailymotion, and Lydia. Braze also believes this expansion will allow the company to capitalize on growing market opportunities and increase strategic partnerships. Additionally, Braze is further expanding its US footprint with a new office location in Austin, and an expanded office space for its Chicago-based team.

"The global nature of modern digital businesses means that Braze has always had a global customer footprint. Our first overseas expansion dates back to 2016 when we opened in London and we have since added offices in Singapore, Chicago, Tokyo, and Berlin as our customer count has grown," said Bill Magnuson, cofounder and CEO of Braze. "Looking ahead into 2022, we are very excited to continue improving our ability to serve our global customers and to invest in the communities where they thrive by opening new offices in France, Canada, and the Central United States."

With its expansion into Canada and France, Braze will have 10 locations around the globe. Recently, the company announced it has 1,247 customers in 64 countries and more than 1,000 employees globally. Braze is hiring across all locations and in key functions, including sales, engineering, customer success, and support. To learn more about open roles, visit: https://www.braze.com/company/careers.

Forward Looking Statements

This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, including but not limited to, statements regarding Braze’s international operating plans and Braze’s anticipated business results related thereto. These forward-looking statements are based on current expectations, estimates, forecasts and projections. Words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “goal,” “hope,” “intend,” “may,” might,” “potential,” “predict,” “project,” “shall,” “should,” “target,” “will” “and variations of these terms and similar expressions are intended to identify these forward-looking statements, although not all forward-looking statements contain these identifying words.

Forward-looking statements are based on Braze’s current assumptions, expectations and beliefs and are subject to substantial risks, uncertainties, assumptions and changes in circumstances that may cause Braze’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. These risks include, but are not limited to, risks and uncertainties related to: (1) Braze’s recent rapid growth may not be indicative of its future growth; (2) Braze’s history of operating losses; (3) Braze’s limited operating history; (4) Braze’s ability to successfully manage its growth; (5) Braze’s ability and the ability of its platform to satisfy and adapt to customer demands; (6) Brazes ability to attract new customers and renew existing customers; (7) the competitive markets in which Braze participates; (8) Braze’s ability to adapt and respond effectively to rapidly changing technology, evolving cybersecurity and data privacy risks, evolving industry standards or changing regulations; (9) Braze’s reliance on third-party providers of cloud-based infrastructure; (10) general market, political, economic and business conditions; and (11) the potential impact that the ongoing COVID-19 pandemic and any related economic downturn could have on Braze’s or its customers’ businesses, financial condition and results of operations.

Further information on potential factors that could affect Braze’s business and financial results is included in Braze’s Quarterly Report on Form 10-Q for the fiscal quarter ended October 31, 2021 filed with the U.S. Securities and Exchange on December 21, 2021. The forward-looking statements included in this press release represent Braze’s views only as of the date of this press release and Braze assumes no obligation, and does not intend to update these forward-looking statements, except as required by law.

About Braze

Braze is a leading comprehensive customer engagement platform that powers interactions between consumers and brands they love. With Braze, global brands can ingest and process customer data in real time, orchestrate and optimize contextually relevant, cross-channel marketing campaigns and continuously evolve their customer engagement strategies. Braze has been recognized as one of Fortune's 2021 Best Workplaces in New York, Fortune's 2021 Best Workplace for Millennials, and 2021 UK Best Workplaces for Women by Great Place to Work. The company is headquartered in New York with offices in Austin, Berlin, Chicago, London, San Francisco, Singapore, and Tokyo. Learn more at braze.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220113005244/en/

Hannah Blackington

Senior Communications Manager

press@braze.com

Source: Braze

FAQ

What is Braze's stock symbol?

Braze's stock symbol is BRZE.

What new locations is Braze expanding to?

Braze is expanding to Toronto, Canada, and Paris, France.

How many customers does Braze currently serve?

Braze currently serves 1,247 customers across 64 countries.

What major clients are supported by Braze's expansion?

Braze will offer support to clients like KFC Canada and Tim Hortons.

How many employees does Braze have globally?

Braze employs over 1,000 people globally.