Yext

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Yext, Inc.

logo
legal form Corporation
ISIN US98585N1063
founding 2006
Seat New York City, New York, United States
management
  • Howard Lerman ( CEO )
  • Brian Distelburger (President)
  • Steve Cakebread ( CFO )
Number of employees 1200 (January 31, 2020)
sales $ 228 million (2019)
Branch Internet services, advertising , technology , marketing
Website www.yext.de
As of March 20, 2020

Yext is an American technology company based in New York City , which is active in the online marketing area. Yext offers a network of various third-party platforms. Including Google , Facebook and Amazon . The company was founded in 2006 by Howard Lerman, Brian Distelburger and Brent Metz. Meanwhile Yext has a market capitalization of more than 2.0 billion US dollars and a turnover of 228.28 million US dollars for the fiscal year of 2019.

history

Yext was founded in 2006 by Howard Lerman. After the company changed its strategy and in 2009 relied on the pay-per-call * business model to generate leads for companies . Yext generated sales of US $ 20 million in 2009 .

In August 2012 Howard Lerman sold his business model and CityGrid Media from IAC in order to focus on his newest product PowerListings , which synchronizes all customer information with the third-party platforms . At this point, Yext had raised $ 27 million through the company's 5th funding and performed more than 950,000 updates for 50,000 companies.

Investors were u. a. Sutter Hill Ventures , Institutional Venture Partners and WGI Investments . In 2016, the company generated sales of $ 89 million and expanded its headquarters on One Madison Avenue to almost 4,000 square meters. Yext offers products that go beyond company listing and ads.

initial public offering

2017 announced Yext ( NYSE : "YEXT") to, with a start value of 11 dollars in the stock market are going to want. On April 13, 2017, Yext was listed on the New York Stock Exchange and traded for the first time.

Companies

management

Yext is led by CEO and founder Howard Lerman. Other executives are:

  • Brian Distelburger, Founder and Chairman
  • Steve Cakebread, CFO
Howard Lerman
Howard Lerman, CEO, pictured left.

Business figures

in millions of US dollars
year sales Profit Total assets Employee
2017 124 −75 86 630
2018 170 −67 203 800
2019 228 −43 267 900

Web links

Individual evidence

  1. ↑ Via Howard Lerman. Yext, accessed June 5, 2020 .
  2. ↑ a b Annual Report 2019. In: https://investors.yext.com/sec-filings/default.aspx . Yext, accessed June 5, 2020 .
  3. ↑ a b c Yext: Yext products. Yext, accessed June 5, 2020 .
  4. ↑ Yext: Yext - Annual Report 2019. In: https://investors.yext.com/sec-filings/default.aspx . Yext, March 20, 2020, accessed June 5, 2020 .
  5. ↑ Erick Schonfeld: USD 20 million in sales generated. techcrunsh.com, October 1, 2009, accessed June 5, 2020 .
  6. ↑ Yext: Yext sells the business model to IAC. Yext, August 20, 2012, accessed June 5, 2020 .
  7. ↑ Anthony Ha: Yext Raises $ 27M More At A $ 270M Valuation. techcrunch.com, June 12, 2012, accessed June 5, 2020 .
  8. ↑ Yext - Company Overview. Yext, June 28, 2012, accessed June 5, 2020 .
  9. ↑ Daniel Geiger: Yext - office. commercialobserver.com, June 12, 2012, accessed July 5, 2020 .
  10. ↑ a b Yext: Yext - IPO. Yext, April 19, 2017, accessed June 4, 2020 .
  11. ↑ Sales figures 2017-2019. macrotrends.net, accessed June 5, 2020 .
  12. ↑ Profit 2017-2019. macrotrends.net, accessed June 5, 2020 .
  13. ↑ Balance sheet total 2017-2019. macrotrends.net, accessed June 5, 2020 .
  14. ↑ Employees 2017-2019. macrotrends.net, accessed June 5, 2020 .