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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.
DonorDrive, a digital fundraising platform under EngageSmart (NYSE: ESMT), is collaborating with the Crohn’s and Colitis Foundation to enhance its donation capabilities. This partnership emerges after a record growth year for DonorDrive, which has attracted notable clients like Trek Bicycle and Children’s Health Foundation. The increasing trend towards peer-to-peer fundraising and digital campaigns is driving demand for DonorDrive's innovative solutions. The platform's Charity Fundraising App has reportedly led to a 195% increase in average fundraising amounts, showcasing its effectiveness.
EngageSmart, Inc. (NYSE: ESMT) will participate in the 50th Annual J.P. Morgan Global Technology, Media and Communications Conference on May 25, 2022. CEO Bob Bennett is set to engage in a fireside chat at 3:10 PM ET. Additionally, management will hold meetings with investors on May 24, 2022. A live webcast will be available during the event, with an on-demand replay accessible afterward. EngageSmart provides tailored customer engagement software and integrated payment solutions, serving over 84,000 customers in the SMB segment as of March 31, 2022.
EngageSmart, Inc. (NYSE: ESMT) reported a robust 42% revenue growth in Q1 2022, reaching $67.4 million, driven by strong customer additions and expansion in both SMB and Enterprise segments. SMB revenue surged 56% to $36.5 million, while Enterprise revenue rose 28% to $30.9 million. The company achieved a gross profit of $51.3 million with a margin of 76.2%. Net income increased to $2.1 million, up from $0.5 million a year ago. EngageSmart also raised its revenue guidance for FY 2022 to a range of $290.0 - $294.0 million.
Georgia Farm Bureau Insurance has launched a new online billing and payment system, enhancing customer payment options via InvoiceCloud. The service allows over 250,000 members to pay bills online using Apple Pay, Google Pay, and upcoming PayPal and Venmo integrations. Members can make one-time payments without needing a password, ensuring a user-friendly experience. The organization continues to absorb convenience fees to keep digital payment options free for members. The new system aims to improve engagement and efficiency, allowing employees to focus more on in-person member needs.
EngageSmart, a leader in customer engagement and payments solutions, will report its Q1 2022 financial results on May 5, 2022, before market opening. A live conference call to discuss the earnings will be held at 8:30 a.m. ET. EngageSmart offers SaaS solutions like SimplePractice and InvoiceCloud, serving over 79,000 SMB and 3,100 enterprise customers across various sectors including health and finance. Investors can access the webcast and a replay on the company's investor relations site.
AFR Insurance has partnered with InvoiceCloud, a solution from EngageSmart (NYSE: ESMT), to enhance their online billing and payment services. The new portal, launched on February 22, allows customers to pay premiums securely through various digital methods, including PayPal (NASDAQ-NMS: PYPL), Venmo, and text. This upgrade aims to improve user experience, facilitating features like automatic payments and paperless billing. AFR Insurance emphasizes a personal touch in service, ensuring the new platform aligns with their customer-focused ethos.
EngageSmart (NYSE:ESMT) will participate in the Bank of America Securities 2022 Virtual Electronic Payments Symposium. CEO Bob Bennett and CFO Cassandra Hudson will engage in a fireside chat on March 21, 2022, at 10:00 am ET. They will also hold investor meetings on the same day. A webcast will be accessible at this link, with an on-demand replay available after the chat. EngageSmart provides customer engagement software and integrated payments solutions to over 79,000 clients.
Nashville Metro Water Services has launched a new online billing and payment portal in collaboration with InvoiceCloud, a solution by EngageSmart (NYSE: ESMT). This portal, introduced on February 23, offers enhanced options like payments via Apple Pay, Google Pay, PayPal (NASDAQ-NMS: PYPL), and Venmo, while maintaining free eCheck usage. The initiative aims to improve customer satisfaction by delivering a seamless payment experience, reflecting Nashville's tech-savvy community needs. Assistant Director Shannon Frye emphasized the focus on customer preferences in their digital service offerings.
EngageSmart, Inc. (NYSE: ESMT) appointed Scott Semel as Senior Vice President and General Counsel. Semel brings extensive legal expertise, having held chief legal officer roles at Carbonite and Intralinks, where he managed global legal, security, and compliance functions. His past achievements include leading the sale of Intralinks in 2017 and contributing to Carbonite's sale to OpenText in December 2019. CEO Bob Bennett emphasizes Semel's valuable experience with SaaS companies and potential to drive future growth.
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