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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, Inc. (NASDAQ: WKME) has announced its achievement of Ready status for the Federal Risk and Authorization Management Program (FedRAMP) at a Moderate impact level. This milestone positions WalkMe as the first digital adoption platform provider listed on the FedRAMP Marketplace. The company aims to aid federal agencies in enhancing technology modernization and IT transformation.
With this status, WalkMe can support U.S. federal, state, and local government clients, and expects to transition from StateRAMP active to pending status, enhancing security standards for state, local, and educational institutions. The feedback from federal executives has been positive, highlighting WalkMe's value in accelerating digital transformations and improving customer experience.
WalkMe Ltd. (NASDAQ:WKME) filed its annual report on Form 20-F with the SEC for the fiscal year ending December 31, 2022. The report is accessible on the company’s investor relations website and the SEC's website. Shareholders can request a free hard copy of the annual report, including audited financial statements, via email. WalkMe's Digital Adoption Platform helps organizations enhance digital transformations by providing visibility and improving user experience, productivity, and efficiency. The company focuses on leveraging proprietary technology to deliver value from software investments.
WalkMe Ltd. (NASDAQ: WKME) issued a statement responding to the recent shutdown of Silicon Valley Bank. As of December 31, 2022, WalkMe reported approximately $304.9 million in cash and cash equivalents, with only a small part, about $17 million, deposited with Silicon Valley Bank. Additionally, the company maintained an unutilized $50 million revolving credit facility with SVB. Management assured that the SVB closure does not materially impact WalkMe's liquidity or operations, which remain robust with a diversified financial portfolio capable of supporting ongoing activities.
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