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Yext, Inc. (symbol: YEXT) is a leading global digital location management (DLM) company headquartered in New York City. Yext specializes in helping over 500,000 business locations connect with mobile consumers through an extensive network of more than 100 app, map, directory, search engine, and social media partners, including Apple, Bing, Facebook, Foursquare, Yahoo, and Yelp.
Yext's mission is to empower the world's 50 million businesses to harness the power of location data and drive both face-to-face and digital interactions. This leads to enhanced customer engagement, audience building, and increased sales. The company achieves this through three core product offerings: PowerListings®, Pages, and Xone™.
Aside from its impressive client base, Yext's knowledge engine platform allows businesses to manage their digital knowledge in the cloud. This digital knowledge is structured information that businesses want to make publicly accessible and is synced across nearly 200 services, including Apple Maps, Bing, Cortana, Facebook, Google, Google Maps, Instagram, Siri, and Yelp.
Yext makes search intelligent by offering precise, accurate, and up-to-date answers to location-based queries, whether they're conducted online, via mobile apps, or through voice and AI engines. The company derives the majority of its revenue from subscription services, with a significant portion coming from North America and the remainder from international markets.
The company's achievements and accolades include being recognized as one of America’s fastest-growing companies by Inc. 500 (#212 in 2015), one of Forbes' most promising companies (2014 & 2015), and one of Fortune's best places to work (2014 & 2015). Yext's team has grown to over 400 employees worldwide, reflecting its rapid expansion and innovative culture.
Stay updated on the latest news and developments of Yext, Inc. to see how this industry leader continues to evolve and influence the digital landscape.
Yext, Inc. (NYSE: YEXT) will release its fourth-quarter and full fiscal year 2021 results on March 3, 2021, post-market close. A conference call is scheduled for 4:30 p.m. ET to discuss the financial outcomes. Investors can access a live webcast through the Yext Investor Relations website. Additionally, Yext will host a Virtual Investor Day on March 17, 2021, at 2:30 p.m. ET, with registration details available online.
Yext, Inc. (NYSE: YEXT) announced the launch of its advanced natural language processing algorithm, extractive question answering (QA), set to debut on March 17 as part of the Orion update. This algorithm enhances Yext's site search by providing direct answers from unstructured documents, improving customer interactions. Unlike traditional keyword searches, extractive QA offers a richer search experience by delivering precise snippets of information. Chief Strategy Officer Marc Ferrentino emphasized its role in modernizing search and helping organizations with digital transformation.
Yext, Inc. (NYSE: YEXT) announced the promotion of David Rudnitsky to President and Chief Revenue Officer on Feb. 8, 2021. Rudnitsky, who joined Yext in 2017, previously led the enterprise sales organization in North America. With over 35 years of technology and cloud sales experience, he has a proven record, having contributed significantly to Salesforce's growth from $51 million to almost $6 billion in revenue. CEO Howard Lerman expressed confidence in Rudnitsky's ability to drive Yext's growth during the next phase of operational development.
Yext, Inc. (NYSE: YEXT) has partnered with Carahsoft Technology Corp. to enhance search capabilities for government agencies in response to the COVID-19 pandemic. Carahsoft will distribute Yext's Answers product, aiding agencies in efficiently providing information for vaccine distribution. Yext previously developed custom information hubs during the pandemic, including a widely used hub for New Jersey. This collaboration allows government agencies to access advanced search tools through established contracts, improving information accuracy for constituents.
Yext, Inc. (NYSE: YEXT) announced the implementation of Yext Answers on Advantage Dental Oral Health Center's website, transforming its site search capabilities. Before this collaboration, patients relied on phone calls for information. With Yext Answers, the organization reported a 27.5% site search click-through rate within six weeks and a 7.1x increase in search volume after enhancing the search bar visibility. This advancement allows Advantage Dental to better understand patient inquiries and manage information efficiently, especially important during unexpected crises.
Yext, Inc. (NYSE: YEXT) has launched Yext Answers for select partners in its Channel Partner Program, enabling them to offer advanced search capabilities to small businesses. This innovative product utilizes natural language processing to enhance customer interactions on websites. Clients can integrate custom calls to action, aiming to boost conversions and reduce support costs. The initiative comes as local businesses face increased customer inquiries during the COVID-19 pandemic. Notable partners like GoSite and FCR Media are among the first to adopt this solution.
Yext, Inc. announced the modernization of LasikPlus's website using Yext Answers, enhancing search experiences for LASIK candidates. This advanced platform employs natural language processing and BERT technology to provide accurate responses to complex questions, resulting in over 8,500 answered queries and a 25% click-through rate since its launch last summer. The initiative has improved access to vital information for potential LASIK patients, fostering trust and credibility for LasikPlus.
Yext, Inc. (NYSE: YEXT) has been recognized as a leader on the G2 Grid® for top Enterprise Search Software products. This achievement highlights Yext's innovative search product, Yext Answers, which was launched in October 2019. Yext Answers now stands alongside major competitors like Google Cloud Search and IBM Watson Discovery. The G2 ranking is based on positive customer reviews and other online data, showcasing its effectiveness in enhancing business transactions and reducing support costs.
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