UPDATE - Convercent Posts Record First Quarter 2017
(Thomson Reuters ONE) -
UPDATE - Convercent Posts Record First Quarter 2017
Leader in Ethics and Compliance Cloud Software Reaches Nearly 600 Customers,
Names Tony Wessels as Chief Marketing Officer and Introduces Industry-First
Insights Dashboard
DENVER, CO--(Marketwired - May 23, 2017) - Convercent, the leading global
provider of SaaS enterprise ethics and compliance management software, today
announced record-breaking results in the first quarter of 2017. Highlights
include $10 million in funding, an expanded leadership team, the release of
Convercent Insights, and the addition of more than 30 new enterprise customers,
including Tesla Inc. and Johnson Controls.
"The growth we're experiencing at Convercent is a testament to the ethical
transformation happening at a global scale in business right now. It points to
the pressure companies are under to build successful ethics, compliance, and
values into the core of their organizations," said Convercent CEO Patrick
Quinlan. "By expanding our team and enhancing our data analytics capabilities,
we can partner with even more global organizations to help them live out their
true ethics and values."
Highlights include:
* Significant Customer Acquisition: Convercent brought its overall customer
count to nearly 600 organizations. New customers in Q1 include Bayer
Corporation, BMC Software, GATX Corporation, Packers Sanitation Services
Inc., Eddie Bauer, Tesla Inc., and Johnson Controls.
* More Than 100 Percent Effective Customer Retention Rate: In addition to
growth in new customer acquisitions, the company experienced strong
expansion from its existing customer base with a more than 100 percent
effective retention rate in Q1.
* Industry-First Dashboard With Convercent Insights: The company released
Convercent Insights, a new application in Convercent's Ethics Cloud.
Insights synthesizes company-wide ethics and compliance data to enable
compliance professionals to identify issues before they escalate, make
better and faster decisions, and showcase the success of their program to
company leadership.
* New Marketing Leadership: The company added Tony Wessels as Chief Marketing
Officer. Wessels brings to Convercent more than 20 years of experience in
building world-class marketing organizations at enterprise software
companies. Most recently, Wessels served as the head of marketing at supply
chain intelligence company FusionOps, playing a pivotal role in the
company's growth and generating 200 percent of sales pipeline goals. Prior
to FusionOps, Wessels was the vice president of marketing at Coupa, helping
the company grow to more than 450 customers across 40 countries in just
three years and supporting 100 percent year-over-year revenue growth.
* $10 Million Funding: The company closed $10 million in February to increase
investments in product innovation and expand sales and marketing efforts
worldwide. Existing investors Sapphire Ventures and Tola Capital shared the
round to bring total capital raised to $47 million.
"In my work experience, I have found Convercent to be the most customer-centric
company I've interacted with. They view and treat their customers as partners,
rather than clients, and are equally committed to ensuring our success," said
Patrick Burns, Loss Prevention Manager at Cinemark. "Convercent has certainly
been a key element in our compliance programs for the company. It has everything
to do with them being focused on listening to their customers, designing an
interface that is user-friendly, meets our analytics and data control needs, and
creating a program that makes each of our employees feel comfortable and safe
using the system."
About Convercent
Convercent is the leading SaaS provider of ethics and compliance solutions for
the enterprise. Its cloud solution enables global enterprises to implement,
measure and manage compliance programs and instill ethics at the core of their
company. Its suite of cloud applications brings efficiency and an intuitive user
experience to risks, cases, disclosures, training and policies. With hundreds of
customers in more than 130 countries -- including Airbnb, Dolby Laboratories,
LinkedIn, Alamo Group, Baxter, McGraw-Hill Education, and Philip Morris
International -- Convercent's award-winning GRC solution enables organizations
in all industries to build a foundation of ethics and safeguard their financial
and reputational health in the process. Convercent is based in Denver, Colorado
and backed by Sapphire Ventures, Tola Capital, Azure Capital, Mantucket Capital
and Rho Capital Partners.
To learn more about Convercent, please visit www.convercent.com.
Subscribe to Convercent's blog: https://www.convercent.com/blog
Follow Convercent on Twitter: https://twitter.com/convercent
Follow Convercent on LinkedIn: https://www.linkedin.com/company/convercent
Media contact:
Emily Busse
Email: Convercent(at)launchsquad.com
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Convercent via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 23.05.2017 - 23:17 Uhr
Sprache: Deutsch
News-ID 544228
Anzahl Zeichen: 5895
contact information:
Town:
London
Kategorie:
Business News
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