FiscalNote Extends Its Leadership in Securing New and Expanded Customer Agreements With Major Global Corporates in Regulated Industries

Rhea-AI Summary

FiscalNote Holdings, Inc. (NYSE: NOTE) has announced a series of new and expanded customer agreements with major global corporations in regulated industries. The company, a leading AI-driven enterprise SaaS technology provider of policy and global intelligence, has secured contracts with Fortune 500 leaders across various sectors including technology, health and life sciences, finance, energy, and manufacturing.

Notable new customers and expansions include Pepsico, FirstSolar, Sallie Mae, APCO Worldwide, Meijer, Bentley Systems, APEX Clean Energy, DaVita, Western Digital Technologies, QatarEnergy, CNA Insurance, MediaCom Communications, and Invenergy. FiscalNote's AI-powered solutions are helping these organizations navigate complex policy and regulatory landscapes, track political developments, and identify new opportunities in a challenging global economic environment.

Positive

• Secured new and expanded contracts with Fortune 500 leaders across multiple sectors
• Expanded customer base in heavily-regulated industries
• Achieved seven-figure customer agreement with a major multinational technology company
• Gained contracts with top global companies in telecommunications, social media, oil services, online grocery delivery, and pharmaceuticals

Negative

• None.

Insights

Market Research Analyst

FiscalNote's recent customer wins and expansions demonstrate strong market demand for AI-driven policy intelligence solutions. The company's success in securing contracts with Fortune 500 leaders across various regulated industries indicates a growing need for advanced policy monitoring tools in the current complex regulatory landscape.

The diversity of new clients, ranging from tech giants to energy companies, suggests broad market appeal and potential for continued growth. This could positively impact FiscalNote's revenue streams and market position. However, investors should note that while new contracts are promising, the financial impact will depend on the size and duration of these agreements, which aren't specified in the announcement.

Financial Analyst

While FiscalNote's announcement is encouraging, it lacks specific financial details, making it challenging to quantify the immediate impact on the company's bottom line. The mention of a seven-figure customer agreement with a major tech company is notable, but without more context, it's difficult to assess its significance relative to FiscalNote's overall revenue.

Investors should focus on upcoming financial reports to see how these new contracts translate into revenue growth and profitability. The company's ability to upsell and cross-sell to existing customers is a positive sign, potentially leading to improved customer lifetime value and reduced customer acquisition costs. However, the lack of specific financial metrics in this announcement means investors should remain cautiously optimistic until more concrete data is available.

Tech Expert

FiscalNote's success in attracting major clients underscores the growing importance of AI-driven solutions in navigating complex regulatory environments. The company's emphasis on AI-powered innovations and product enhancements suggests a strong focus on staying ahead in the competitive SaaS landscape.

The integration of human analysis with AI for policy monitoring is a key differentiator, addressing the need for both efficiency and accuracy in regulatory intelligence. This hybrid approach could provide FiscalNote with a competitive edge in the market. However, the tech sector is rapidly evolving and FiscalNote will need to continuously innovate to maintain its market position. Investors should monitor the company's R&D investments and new product launches to assess its long-term technological competitiveness.

Achieves New Contract Wins, Expansions, and Upsell Successes With Leading Worldwide Blue-Chip Brands

WASHINGTON--(BUSINESS WIRE)-- FiscalNote Holdings, Inc. (NYSE: NOTE) (“FiscalNote”), a leading AI-driven enterprise SaaS technology provider of policy and global intelligence, today announced a range of new large, enterprise customer agreements, including Fortune 500 leaders across the technology, health and life sciences, finance, energy, and manufacturing and industrial sectors, cementing its ongoing role as a critical partner for the world’s leading and most important decision-makers.

FiscalNote’s commercial customer success announcement includes both new customer wins and expansions of existing contracts through upsell and cross sell opportunities. These customers are all leading companies in heavily-regulated industries, and are leveraging FiscalNote’s powerful suite of offerings that continue to be enhanced by ongoing AI-powered innovations and product enhancements.

Recent commercial sector contract wins and expansions announced today by FiscalNote include major brands such as:

Pepsico
FirstSolar
Sallie Mae
APCO Worldwide
Meijer
Bentley Systems
APEX Clean Energy
DaVita
Western Digital Technologies
QatarEnergy
CNA Insurance
MediaCom Communications
Invenergy

In addition, other recent commercial wins include: a seven-figure customer agreement with one of the world’s largest U.S.-based multinational technology companies; one of the world’s largest telecommunications companies and one of the largest wireless carriers in the U.S.; one of the world’s leading social media platforms; a top 5 global oil services companies; a top 5 on-demand online grocery delivery company; and one of the top 5 pharmaceutical companies in the world.

Whether at the municipal, county, state, federal, or global level, electoral changes are posing monumental shifts in the direction of policymaking and regulatory activity. To catalyze both efficiency and effectiveness on policy monitoring and action, organizations seek a comprehensive solution that blends human analysis, AI integrations, and innovative SaaS platforms to gain answers to pressing needs on a minute-by-minute basis. By relying on FiscalNote, these organizations are able to harness the power of AI to seek new opportunities, identify and address geopolitical, policy, and regulatory challenges, and mitigate operational risk in a challenging worldwide economic environment.

These enterprises are using FiscalNote’s unparalleled suite of AI-powered streamlined workspaces, award-winning content, essential datasets, and powerful advocacy products to achieve business-critical objectives, including:

• Tracking, comprehending, and acting on critical and fast-moving political, regulatory, and policy developments around the world – and doing so efficiently without significant expansion of their talent or operational resources.
• Navigating potential reductions in operations in certain foreign jurisdictions with a thorough and timely understanding of related compliance and sanctions issues.
• Leveraging data regarding government spending – even down to local discussions at the municipal council and school board level – to identify upcoming government procurement decisions in efforts to discover and capture incremental revenue.

“At FiscalNote, corporate customers are increasingly using our broad and innovative portfolio of groundbreaking offerings to survive and thrive in a challenging worldwide geopolitical and macroeconomic environment and increasingly complex policy and regulatory landscape,” said Josh Resnik, President & Chief Operating Officer, FiscalNote. “We understand our customers’ needs, especially in a climate where proven and solution-driven ROI for the enterprise matters more than ever. FiscalNote’s AI-powered, mission-critical solutions both provide an understanding of policy implications and the tools to act upon them. We are honored that the world’s most prominent companies choose FiscalNote to navigate these uncertain and volatile times.”

About FiscalNote

FiscalNote (NYSE: NOTE) is a leader in policy and global intelligence. By uniquely combining data, technology, and insights, FiscalNote empowers customers to manage political and business risk. Since 2013, FiscalNote has pioneered technology that delivers critical insights and the tools to turn them into action. Home to CQ, Dragonfly, Oxford Analytica, VoterVoice, and many other industry-leading brands, FiscalNote serves thousands of customers worldwide with global offices in North America, Europe, Asia, and Australia. To learn more about FiscalNote and its family of brands, visit FiscalNote.com and follow @FiscalNote.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240807132132/en/

Media

Nicholas Graham

FiscalNote

press@fiscalnote.com

Investor Relations

FiscalNote

IR@fiscalnote.com

Source: FiscalNote

FAQ

What new customer agreements has FiscalNote (NOTE) announced in 2023?

FiscalNote has announced new and expanded customer agreements with major global corporations including Pepsico, FirstSolar, Sallie Mae, APCO Worldwide, Meijer, Bentley Systems, APEX Clean Energy, DaVita, Western Digital Technologies, QatarEnergy, CNA Insurance, MediaCom Communications, and Invenergy.

How is FiscalNote (NOTE) helping companies in regulated industries?

FiscalNote is providing AI-powered solutions to help companies track and comprehend political, regulatory, and policy developments worldwide, navigate compliance and sanctions issues, and identify government procurement opportunities, all without significantly expanding their operational resources.

What sectors are FiscalNote's (NOTE) new customers from?

FiscalNote's new customers come from various regulated industries including technology, health and life sciences, finance, energy, manufacturing, and industrial sectors.

What specific services is FiscalNote (NOTE) offering to its enterprise customers?

FiscalNote is offering AI-powered streamlined workspaces, award-winning content, essential datasets, and powerful advocacy products to help enterprises track policy developments, navigate compliance issues, and identify government procurement opportunities.