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WalkMe Ltd. (NASDAQ: WKME) is a leading enterprise-class digital adoption platform that helps organizations realize the full potential of their software investments. Founded in Tel Aviv, Israel, WalkMe provides a cloud-based platform that offers a GPS-like experience for navigating websites, SaaS applications, and mobile apps. The platform delivers step-by-step interactive guidance through a series of on-screen tip balloons, enabling users to complete tasks efficiently without the guesswork typically associated with software usage.
WalkMe’s primary focus is on enhancing productivity, reducing costs, and ensuring software is adopted effectively across organizations. The company's AI-driven platform sits atop an organization's tech stack, identifying friction points and providing personalized guidance and automation to streamline workflows.
WalkMe’s clientele includes global giants like IBM, Nestle, ThermoFisher Scientific, and the U.S. Department of Defense. These organizations trust WalkMe to improve user experiences and maximize the return on their software investments.
Recent milestones underline WalkMe’s commitment to innovation and leadership in the digital adoption space. For instance, the company recently filed its annual report for the fiscal year ended December 31, 2023, with the Securities and Exchange Commission. Additionally, WalkMe has been recognized by industry analysts, including being named a leader in the IDC MarketScape Worldwide Digital Adoption Platforms 2024 report, and winning multiple industry awards.
WalkMe is set to host its annual Realize conference on June 18, 2024. This event will spotlight the company's latest advancements in AI-driven digital adoption and its new generative AI offering, which aims to shape the future of work.
Financially, WalkMe has shown robust growth. In the first quarter of 2024, the company reported record high free cash flow and achieved the high end of its revenue guidance. Strategic partnerships with industry leaders like Cognizant and UST further bolster WalkMe’s position, enhancing its capabilities to assist organizations in navigating digital transformations.
In a significant development, WalkMe and SAP SE have entered into an agreement for SAP to acquire WalkMe for approximately $1.5 billion, a move that promises to expand WalkMe’s market reach and enhance its product offerings.
For more information, visit the Investor Relations site or the WalkMe website.
WalkMe Ltd. (NASDAQ: WKME) has announced the establishment of a Growth Advisory Board, aimed at enhancing its strategy to revolutionize productivity through technology. The board comprises industry experts including Josh Bersin, Shlomit Harth, Michael Hubbard, and Enrique Oti, who will provide insights to drive innovation and customer success. This initiative aligns with WalkMe's mission to facilitate digital transformation for organizations, ensuring effective use of its no-code, platform-agnostic Digital Adoption Platform.
WalkMe Ltd. (NASDAQ:WKME) is set to participate in a fireside chat at the Citi 2021 Global Technology Virtual Conference on September 15, 2021, starting at 8:50 a.m. EDT. The event will be available for live streaming on WalkMe’s investor relations website, with a replay accessible 24 hours post-presentation.
WalkMe specializes in digital adoption platforms, helping organizations boost digital transformation and maximize software investments through advanced visibility and user experience improvements.
WalkMe (NASDAQ: WKME) has appointed Wayne McCulloch as the new Chief Customer Officer, bringing over 25 years of customer success experience. Previously at Google, he managed a SaaS portfolio for 7.1 million customers. McCulloch will enhance WalkMe's adoption platform, focusing on improving digital transformation for enterprises. His role encompasses overseeing all post-sales functions and advancing The Digital Adoption Institute. This strategic leadership change aligns with WalkMe's growth trajectory and increased demand for digital adoption solutions.
WalkMe Ltd. (NASDAQ: WKME) has been recognized as a Leader and Star Performer in the Everest Group's Digital Adoption Platform (DAP) Products PEAK Matrix® Assessment 2021 for the second consecutive year. The assessment highlights WalkMe's strengths in market adoption, product capabilities, and strategic vision. This acknowledgment underscores WalkMe's role in enhancing digital transformation through its no-code, platform-agnostic solutions aimed at streamlining user interactions with technology. The company went public in June 2021 with a market valuation of $2.5 billion.
WalkMe Ltd. (NASDAQ:WKME) reported strong Q2 2021 results, with Annualized Recurring Revenue (ARR) growing 31% year-over-year to $191 million. Total revenue increased 28% to $46.8 million, driven by a 31% rise in subscription revenue to $42.2 million. The company saw a 110% year-over-year growth in enterprise-wide DAP customers, reaching 103. However, the GAAP operating loss widened to $17.8 million, representing 38.1% of revenue. For Q3 2021, WalkMe expects revenue between $48.5 million and $50 million, with an anticipated non-GAAP operating loss of $17 million to $15.5 million.
WalkMe Ltd. (NASDAQ: WKME) announced the appointment of Sandie Overtveld as Vice President & General Manager of APAC and Simon Blunn as Vice President & General Manager of EMEA. This strategic move aims to address the growing demand for digital adoption solutions as organizations increasingly seek to enhance their digital transformations. Both leaders bring extensive experience in the technology sector, with Overtveld previously at Zendesk and Blunn at DataRobot. Their leadership is expected to drive growth and optimize user experiences in the rapidly evolving digital landscape.
WalkMe Ltd. (NASDAQ: WKME) announced on Aug. 3, 2021, the launch of WalkMe Embedded on the Salesforce AppExchange, enhancing digital adoption for revenue teams. This integration with Salesforce Lightning streamlines user access to resources and improves productivity through features like advanced enterprise search and targeted notifications. Co-Founder Rafael Sweary highlighted its potential to save time and drive revenue, while Salesforce's Woodson Martin noted its role in reducing friction during sales processes. WalkMe aims to accelerate digital transformations with its innovative solutions.
WalkMe Ltd. (NASDAQ: WKME) announced new features for its Digital Adoption Platform (DAP) during DAP Professionals Day on July 29, 2021. Enhancements include integration with Microsoft Teams, improved auditing and monitoring, community-generated templates, and report builders. As digital transformation budgets are projected to grow to $2.4 trillion by 2024, these updates aim to facilitate quicker technology adoption for organizations. The enhancements are designed to support DAP Managers in driving user engagement and ensuring compliance with global regulations.
WalkMe Ltd. (NASDAQ: WKME) has announced it will report its second quarter 2021 financial results on August 11, 2021, after market close. A conference call will follow at 2:00 p.m. PT to discuss the results and business performance. Investors can access the call via a webcast or dial in using US Toll Free: (800) 458-4121 or International: (929) 477-0324, Passcode 7916560. The company aims to enhance digital transformation for organizations through its cloud-based platform.
WalkMe Ltd. (NASDAQ: WKME) has launched a new Project Management Certification through its Digital Adoption Institute, aimed at enhancing digital adoption project management skills. This certification features a 4-week training program and live workshops, designed for professionals in various fields such as IT and HR. Participants will gain practical skills to manage digital experiences effectively. The certification will be available at a discount during WalkMe's upcoming Elevate conference, set for July 28-29, 2021, which will gather over 1,000 attendees.
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