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EngageSmart, Inc. - ESMT STOCK NEWS

Welcome to our dedicated page for EngageSmart news (Ticker: ESMT), a resource for investors and traders seeking the latest updates and insights on EngageSmart stock.

EngageSmart, Inc. (ESMT) is a leading provider of SaaS-based digital engagement solutions. Focused on simplifying complex processes and enhancing customer interactions, EngageSmart operates through various business units across multiple industries. By leveraging innovative SaaS platforms, the company delivers solutions that transform ordinary customer interactions into loyalty-building opportunities. EngageSmart's commitment to continuous innovation ensures that both service providers and their customers gain measurable benefits.

The company prides itself on its ability to merge advanced technology with deep industry expertise, providing tailored solutions for the sectors it serves. Through a shared belief in the power of SaaS to accelerate innovation, EngageSmart drives efficiency and growth for both its clients and itself. Current projects and ongoing partnerships highlight the company's proactive approach to evolving market needs and technological advancements.

Recently, EngageSmart has made significant strides in expanding its market reach and enhancing its suite of products. These achievements underscore its dedication to delivering exceptional value and fostering long-term success. With a robust financial condition and strategic vision, EngageSmart continues to solidify its position as an industry leader.

News

Brazilian Fintech Celcoin Announces US$125 Million Investment Led by Summit Partners

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Celcoin, a Brazilian fintech specializing in Banking as a Service (BaaS), has secured a US$125 million investment led by Summit Partners. This funding round, also supported by Innova Capital and fintech executive John Coughlin, aims to accelerate Celcoin's expansion and product innovation. Established in 2016, Celcoin provides financial infrastructure for over 400 financial companies and 5,000 non-financial firms, focusing on payments, banking, and lending.

Celcoin is a leader in Open Banking solutions in Brazil and processes over 200 million Pix transactions monthly. The company reported a 140% increase in annual recurring revenue, reaching US$63 million in Q1 2024. The investment will enhance technology, innovation, and potential M&A opportunities. Celcoin's recent strategic acquisitions include Galax Pay, Flow Finance, Finansystech, and Reg+.

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DonorDrive Announces Updates to DonorDrive for Salesforce on Salesforce AppExchange

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DonorDrive, an EngageSmart solution, launches DonorDrive for Salesforce on Salesforce AppExchange, enhancing nonprofit fundraising efforts. The app offers a 360-degree view of supporters, personalized engagements, and streamlined reporting.
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DonorDrive Announces Support for Donor Advised Fund Payments with Chariot Collaboration

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DonorDrive, an EngageSmart (NYSE: ESMT) solution, announced a collaboration with Chariot to allow DonorDrive clients to accept Donor Advised Fund (DAF) payments online. The new feature is expected to be available by the end of January 2024. The collaboration aims to help nonprofit organizations combat the decline in individual giving by providing a more streamlined and efficient donation process, allowing them to reach a wider demographic of highly generous donors. This move is supported by data showing a 6.4% decline in individual giving in 2022, while Donor Advised Fund giving grew by 9.1%. The average DAF gift is $4,798, and there is $229 billion held in these charitable savings accounts waiting to be donated to qualified organizations. The collaboration is expected to simplify the DAF donor giving experience, increase conversion rates, and donation frequency, ultimately helping nonprofits steward their donors by enhancing their ability to thank and connect with donors immediately after a donation is made.
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EngageSmart Appoints Dan Freund as Chief Sales Officer, Enterprise Solutions

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EngageSmart, Inc. (NYSE: ESMT) appoints Dan Freund as Chief Sales Officer, Enterprise Solutions. Freund brings over 25 years of global sales experience, previously serving as Chief Revenue Officer at Brightcove and Brandwatch. His addition is expected to drive growth and innovation for EngageSmart's Enterprise Solutions.
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EngageSmart Awarded Gold in 13th Annual Best in Biz Awards’ Best Place to Work Category

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EngageSmart, Inc. (NYSE: ESMT) has been awarded the Gold in the Best Place to Work - Large Company category in the Best in Biz Awards. The company provides customer engagement software and integrated payments solutions to over 119,000 customers in various sectors. EngageSmart has also received several workplace awards, showcasing its commitment to its employees. The company's dedication to fostering professional and personal development has been recognized by independent judging panels from top-tier publications in North America.
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SimplePractice and Lucet Announce Strategic Agreement to Boost Access to Behavioral Healthcare

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SimplePractice (NYSE: ESMT) and Lucet have formed an alliance to improve the referral experience for solo and small group behavioral health providers and the 6 million members seeking mental health services. The integration of SimplePractice API and Lucet’s Navigate & Connect aims to streamline the process of connecting health plan members with in-network clinicians, providing a turn-key solution for payers to optimize behavioral healthcare access.
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InvoiceCloud and Harris Customers Increase AutoPay Enrollment by Average of 147% within First Year of Integrated Solution Implementation

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InvoiceCloud (ESMT) and Harris Announce Significant Increase in AutoPay Enrollment and Electronic Payment Adoption
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InvoiceCloud Releases Annual State of Online Payments Report

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InvoiceCloud (NYSE: ESMT) released its annual State of Online Payments report in conjunction with Regina Corso Consulting, offering key insights into customer payment preferences and behaviors. The 2023 survey revealed stagnant growth in self-service adoption, with fewer respondents paying healthcare and personal loan bills via digital channels. The top issue with digital payments was forgetting usernames and passwords, and 73% of respondents prefer insurance claim payments to be deposited directly into their bank account.
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EngageSmart Announces Expiration of “Go-Shop” Period

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EngageSmart, a leading provider of customer engagement software and integrated payments solutions, will be acquired by Vista Equity Partners for $23.00 per share in cash. The transaction is expected to close in the first quarter of 2024, subject to customary closing conditions and regulatory approvals.
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DonorDrive Releases Product Enhancements Designed to Help Enterprise Nonprofits Increase Revenue

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DonorDrive, a solution by EngageSmart (NYSE: ESMT), announced major product enhancements to its enterprise digital fundraising platform. The new features aim to optimize conversion rates and increase donations for enterprise nonprofits amid a challenging charitable giving landscape. The enhancements include embedded donation forms, enhanced site design capabilities, new payment types, accessibility improvements, and integrations for advanced conversion tracking.
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FAQ

What is the market cap of EngageSmart (ESMT)?

The market cap of EngageSmart (ESMT) is approximately 3.9B.

What does EngageSmart, Inc. do?

EngageSmart provides SaaS-based digital engagement solutions to simplify complex processes and enhance customer interactions across multiple industries.

Which industries does EngageSmart operate in?

EngageSmart operates across various industries, leveraging its expertise and innovative solutions to meet diverse market needs.

What is the core focus of EngageSmart?

The core focus of EngageSmart is to transform customer interactions into loyalty-building opportunities through innovative SaaS platforms.

How does EngageSmart ensure innovation?

EngageSmart continuously innovates by simplifying complex processes and leveraging advanced technology and deep industry expertise.

What benefits do EngageSmart's solutions provide?

EngageSmart's solutions offer measurable benefits for both service providers and their customers, driving efficiency and growth.

Who can benefit from EngageSmart's services?

Both service providers (EngageSmart's clients) and their customers can benefit from the company's digital engagement solutions.

What recent achievements has EngageSmart made?

EngageSmart has recently expanded its market reach and enhanced its suite of products, demonstrating its commitment to delivering exceptional value.

What is EngageSmart's vision?

EngageSmart aims to be an industry leader by continuously innovating and providing tailored digital engagement solutions.

How does EngageSmart combine technology and industry expertise?

EngageSmart merges advanced technology with deep industry expertise to deliver solutions that are purpose-built for the industries it serves.

What is EngageSmart's financial condition?

EngageSmart maintains a robust financial condition, enabling it to pursue strategic projects and partnerships effectively.

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EngageSmart, Inc.

NYSE:ESMT

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ESMT Stock Data

3.88B
43.06M
4.63%
93.65%
1.04%
Software - Infrastructure
Technology
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United States
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