Welcome to our dedicated page for ON24 news (Ticker: ONTF), a resource for investors and traders seeking the latest updates and insights on ON24 stock.
ON24, Inc. (Symbol: ONTF) is a leader in the webinar marketing space, providing a robust, cloud-based platform designed to enhance demand generation, lead qualification, and customer engagement. Their award-winning, patented technology enables businesses of all sizes to deliver engaging live and on-demand webinars. ON24’s solutions are especially noteworthy for their industry-leading analytics capabilities, which can seamlessly integrate with all major marketing automation and CRM platforms.
ON24’s platform is not just about webinars; it extends to virtual training, talent development, and town hall meetings, making it a versatile tool in today's digital-first world. The company's clientele includes over 1,500 global enterprises, such as IBM, CA Technologies, Merck, JPMorgan Chase, Credit Suisse, and SAP, underscoring its significant market presence.
Headquartered in San Francisco, ON24 has a global footprint with offices around the world. The company primarily generates revenue through subscription agreements, allowing customers access to their comprehensive suite of services. Most of its revenue is derived from the United States.
ON24 continues to innovate and expand its product portfolio to better serve its diverse customer base. Their current projects and recent achievements often make headlines, reflecting their commitment to driving revenue through enhanced customer engagement. For more detailed information on their offerings and latest updates, visit www.on24.com.
ON24 (NYSE: ONTF) announces the launch of its Digital Experience Platform in Japanese, enhancing operations in Asia-Pacific. This initiative supports local and multinational companies with a platform for digital engagement, starting with ON24 Webcast Elite. Key features include Japanese user interfaces, reporting, and analytics. The company continues its investment in the region, highlighted by the appointment of Yoshiyuki Ueda as country manager and new offices in Singapore and Sydney. This expansion aims to assist businesses in Japan with digital transformation.
ON24 (NYSE: ONTF) partners with FFVA Mutual, enhancing their digital engagement capabilities. Through the ON24 Digital Experience Platform, FFVA Mutual reported a 49% increase in insurance agency partner reach and a 31% rise in policyholder engagement for online safety training. The platform provides tools for creating personalized digital experiences and integrates engagement data with Salesforce CRM for improved stakeholder analysis. This collaboration aims to strengthen relationships with policyholders and insurance partners.
ON24 (NYSE: ONTF) has announced the first annual ON24X Awards, highlighting companies excelling in digital-first engagement strategies. Recognized brands include Zendesk, awarded for best virtual event strategy, and Adobe, noted for its branded digital experiences. SAS received accolades for superior digital experience ROI, generating over $14 million in pipeline. Other winners include La Trobe University, Edelman Financial Engines, SAP, AbbVie, and Looker for Google Cloud Platform. These companies demonstrate innovative approaches to enhance customer engagement and drive business results.
ON24 (NYSE: ONTF) reported outstanding first-quarter results for 2021, showcasing a 102% year-over-year revenue growth of $50.1 million. Annual Recurring Revenue (ARR) surged 90%, reaching $163.1 million. Notably, the digital experience platform revenue grew 111% year-over-year. While the company faced an operating loss of $2.2 million, it achieved a non-GAAP operating income of $2.8 million, indicating improved operational efficiency. The financial outlook for Q2 expects revenues between $50.5 and $51.5 million.
ON24 (NYSE: ONTF) has announced its participation in several upcoming virtual investor events, showcasing its cloud-based digital experience platform. Key presentations include the:
- 16th Annual Needham Virtual Technology & Media Conference on May 19, 2021, at 8:00 a.m. PT
- 49th Annual Global Technology, Media and Communications Conference on May 25, 2021, at 4:25 p.m. PT
- William Blair Growth Stock Conference on June 2, 2021, at 1:20 p.m. PT
- Baird Global Consumer, Technology & Services Conference on June 9, 2021, at 9:50 a.m. PT
Live webcasts will be available on ON24's investor relations website.
ON24 (NYSE: ONTF) enhances its leadership team by appointing software veterans Steve Sims and Shalini Mitha, each bringing 25 years of industry experience. Sims will oversee product management of the ON24 Digital Experience Platform, while Mitha will lead go-to-market strategies. CEO Sharat Sharan emphasizes the opportunity to accelerate digital-first strategies and improve customer engagement. ON24 supports over 2,000 global companies, driving engagement and conversions with its cloud-based digital experience platform.
The Association of Certified Fraud Examiners (ACFE) enhanced attendee engagement and achieved record attendance for its annual conference using the ON24 Digital Experience Platform (NYSE: ONTF). The platform allowed ACFE to convert in-person events into large-scale virtual experiences, leading to a satisfaction rate of 98% among attendees. Key features include simulive and live sessions, personalized landing pages for sponsors, and robust data insights. This digital approach is central to ACFE's digital-first strategy moving forward.
ON24 (NYSE: ONTF) has launched ON24 Breakouts, a new feature within its Digital Experience Platform designed to enhance audience engagement during digital events. This functionality enables marketing and sales teams to facilitate one-on-one discussions, group meetings, and peer networking, contributing to quicker prospect conversions. ON24 Breakouts allows organizations to separate audiences into breakout rooms, capturing engagement data to guide follow-ups. Currently available for early adopters, it aims to accelerate the buyer journey by integrating deeper connections during webinars.
ON24 (NYSE: ONTF) announced the upcoming integration of ON24 Intelligence with Outreach, enhancing the sales engagement experience for joint customers. This integration will provide real-time access to ON24 prospect engagement data within the Outreach platform, enabling revenue teams to create connected workflows that track engagement during marketing and sales activities. With AI-powered analytics and seamless data flow, sales teams can personalize interactions and optimize customer engagements effectively.
ON24 (NYSE: ONTF) announced the integration of ON24 Webcast Elite with Veeva CRM Events Management. This collaboration aims to enhance marketing and sales capabilities for life sciences companies by providing a comprehensive solution for digital events aimed at healthcare professionals (HCPs). The integration, set for early adopter availability in May 2021, allows for streamlined event registration, attendance tracking, and engagement activities, improving compliance and personalized outreach. This partnership positions ON24 to better serve the digital transformation needs of pharmaceutical and biotech sectors.
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