Welcome to our dedicated page for Freshworks news (Ticker: FRSH), a resource for investors and traders seeking the latest updates and insights on Freshworks stock.
Freshworks Inc. (NASDAQ: FRSH) is a leading provider of cloud-based software, specializing in delivering AI-enhanced business solutions that are easy to use. Headquartered in San Mateo, California, Freshworks serves over 67,000 customers worldwide, including prominent names like American Express, Blue Nile, Bridgestone, and Databricks.
Core Offerings:
- Freshdesk: A comprehensive customer support software streamlining communication across multiple channels, such as email, phone, chat, and social media. It’s utilized by over 100,000 companies, including Honda and Cisco.
- Freshservice: An IT service management solution that boosts efficiency with features like automations, virtual agents, and a multilingual knowledge base. Notable users include Porsche eBike Performance.
- Sales and Marketing Automation: Tools designed to enhance customer acquisition and engagement, supporting businesses in their growth journey.
Global Reach: Freshworks generates revenue from North America, Europe, the Middle East, Africa, Asia Pacific, and other regions, demonstrating its widespread influence and customer base.
Recent Innovations and Achievements:
- Monos leveraged Freshworks to deflect 80% of customer queries and boost sales by 500%.
- Collaboration with AWS to deliver modern, AI-powered business software.
- Porsche eBike Performance improved IT service delivery and employee experience using Freshservice.
Leadership Transition: Founder and CEO Girish Mathrubootham has transitioned to Executive Chairman, while President Dennis Woodside has taken over as CEO. Woodside brings extensive experience, having previously worked at Dropbox and Google.
Freshworks continues to innovate, focusing on AI and customer experience enhancements. Its products are designed for immediate business impact, making it a valuable partner for companies seeking to improve efficiency and customer satisfaction.
Freshworks Inc (NASDAQ: FRSH) has resolved the trade secret litigation initiated by Zoho Corporation in March 2020. The lawsuit stemmed from a now-former Freshworks employee who incorrectly accessed Zoho's confidential sales information using his spouse's computer without consent. Freshworks clarified that these actions were against their policies and were not authorized. The legal dispute has concluded with both parties settling, and Zoho has dismissed the lawsuit. Freshworks is implementing measures to prevent future incidents.
Freshworks Inc. (NASDAQ: FRSH) has announced its partnership with the National Rugby League (NRL), employing Freshservice to enhance IT service management across its 16 clubs. By shifting from costly legacy software to a more user-friendly solution, NRL aims to streamline operations for its 1,200 members across Australia and Asia Pacific. Since implementing Freshservice in August 2021, NRL has improved workflow visibility and asset management, expecting further efficiencies through additional Freshservice applications. This partnership exemplifies Freshworks' commitment to simplifying IT solutions.
Freshworks Inc. (NASDAQ: FRSH) announced that MultiChoice Group, a leading African pay-TV company, improved customer support and satisfaction for over 20 million subscribers using Freshdesk and Freshservice. With these tools, MultiChoice enhanced omnichannel customer service and achieved a savings of $2.8 million. The integration allows for better management of customer queries and has led to a 24% reduction in calls, directing customers to digital channels. MultiChoice plans to further leverage Freshworks' solutions for AI and chatbot assistance to improve its services.
Freshworks (NASDAQ: FRSH) has been recognized as a Strong Performer in The Forrester Wave™: Enterprise Service Management, Q4 2021. The report highlights Freshworks' release of significant new features in Freshservice, including AI-enhanced alerting and on-call scheduling. The company focuses on making its tools easy to adopt, with a flexible commercial model and a free trial option, especially catering to small and midsize organizations. Additionally, Freshservice's ESM capabilities improve service delivery predictability, evidenced by customer success stories like African Bank's implementation.
Freshworks (NASDAQ: FRSH) has enabled 7-Eleven in the Philippines to improve customer and partner support by automating ticket resolution via Freshdesk. Since adopting this platform in 2019, 7-Eleven has unified its customer support operations, allowing the team to handle over 100,000 requests efficiently with an impressive 95% SLA attainment. This automation has enhanced customer experience, contributing to customer base retention and boosting downloads of the 7-Eleven CLiQQ app. The integration highlights Freshworks' commitment to providing scalable solutions for consumer brands.
Freshworks (NASDAQ: FRSH) recently announced CFO Tyler Sloat's participation in two key upcoming events: the Barclays Global Technology, Media and Telecommunications Conference on December 8, 2021, at 9:40 a.m. PT, and the 24th Annual Needham Growth Conference on January 13, 2022, at 8:30 a.m. PT. Interested stakeholders can listen to an audio webcast replay on the Freshworks investor relations website following the events. Freshworks aims to enhance customer and employee experiences through innovative software solutions.
Freshworks Inc. (NASDAQ: FRSH) has announced the winners of its first-ever Refresh App Challenge, recognizing innovative applications developed to enhance Freshservice, Freshdesk, and the Freshworks Neo Platform. The competition involved over 300 participants and showcased how easy it is to build custom apps on the Neo platform. Winning teams, Team Handyman and Team Schedule Reply, created applications that improve collaboration and automate customer interactions. Freshworks continues to enhance its platform with upcoming features like Unified Reporting and Passwordless Authentication.
Freshworks Inc. (NASDAQ: FRSH) announced that Neosensory, a company focused on non-invasive brain-machine interfaces for the hearing impaired, has adopted Freshdesk to enhance customer support. The integration allows Neosensory to resolve product issues more efficiently, improving ticket closure rates and response times. Neosensory's operations manager praised the ease of use in setting up Freshdesk, highlighting new video support for ASL users. The collaboration aids in real-time tracking of support tickets and feature requests, optimizing product development.
Freshworks (NASDAQ: FRSH) has launched Freshstack, a CRM suite designed for startups, which integrates customer support, sales, and marketing functions. This solution aims to assist startups in personalizing marketing, providing omnichannel service, and accelerating growth affordably. With an increasing number of startups relying on CRM systems, Freshstack simplifies operations while offering up to $3,000 in credits through the Freshworks Startup Program. The suite combines Freshdesk, Freshsales, and Freshmarketer, enhancing startups' capabilities to attract and engage customers effectively.
Freshworks Inc. (NASDAQ: FRSH) announced innovative updates to Freshservice at the Refresh conference, enhancing incident response management through AI-powered alerting. This development aims to capture a share of the $34 billion IT Operations Management market. The new features, available in November, enable businesses to better manage IT disruptions, enhancing efficiency and reducing downtime. Over 10,000 companies, including major names like Shopify and Vice Media, utilize Freshservice to streamline IT operations. The improvements position Freshworks as a competitive player against larger suite vendors.
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