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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.

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EngageSmart, Inc. (NYSE: ESMT) executives will participate in the 43rd Annual William Blair Growth Stock Conference in Chicago. CEO Bob Bennett will present on June 6, 2023. A webcast and replay will be available.
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EngageSmart, Inc. (NYSE: ESMT), a leader in customer engagement software and integrated payments, will announce its first-quarter 2023 financial results on May 4, 2023. The results will be accessible before markets open, followed by a conference call at 8:30 a.m. ET. Interested participants can join via dial-in, with dedicated numbers for domestic and international callers. EngageSmart serves approximately 99,300 customers in the SMB Solutions segment and around 3,300 in the Enterprise Solutions segment, focusing on areas including Health & Wellness, Government, Utilities, Financial Services, Healthcare, and Giving. The company aims to enhance client engagement through its Software-as-a-Service offerings.

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EmPRO Insurance Company reported a remarkable 211% increase in electronic payment adoption during its first year using InvoiceCloud’s integrated solution. Following its implementation in May 2021, the company also observed a 7x increase in AutoPay adoption among policyholders. The integration enables various payment methods, including digital wallets, and enhances user experience through automated notifications and seamless invoice access. The collaboration has reduced call volumes and manual payment processing, allowing the staff to focus on other critical tasks. CFO Adam Petersen stated that InvoiceCloud transformed their payments process.

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InvoiceCloud, a solution from EngageSmart (NYSE: ESMT), will participate in the exclusive Oracle Energy and Water Customer Edge Conference in San Diego from March 12-14, 2023. The company is one of six selected for the Innovation Showcase, highlighting advancements in energy and water technology. InvoiceCloud has significantly improved customer service, exemplified by the City of Escondido, which reported a 69% decrease in service calls and $23k savings in its first nine months. These results underscore the effectiveness of InvoiceCloud’s digital solutions.

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EngageSmart (NYSE: ESMT) has completed a public offering of 8,000,000 shares of its common stock at a price of $19.00 per share. This offering was executed by selling stockholders including affiliates of General Atlantic and Summit Partners. Notably, EngageSmart did not participate in the sale and will not receive any proceeds from the offering. The underwriters for this offering included notable firms like Goldman Sachs and J.P. Morgan. This transaction is part of an automatic shelf registration statement with the SEC and is designed to enhance the liquidity of stockholders' investments.

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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.

EngageSmart, Inc.

NYSE:ESMT

ESMT Rankings

ESMT Stock Data

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