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Korbyt Accelerates Business Momentum as Demand for SaaS-based Digital Workplace Platform Grows

/PRNewswire/ — Korbyt, the leading workplace experience platform, announced strong growth last year and continued momentum heading into 2021. The cloud based…

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DALLAS, Jan. 28, 2021 /PRNewswire/ — Korbyt, the leading workplace experience platform, announced strong growth last year and continued momentum heading into 2021. The cloud based Korbyt Anywhere platform revenue grew 300 percent in 2020 and now has 200 customers, including 60 of the Fortune 100. The company bolstered its leadership team with key hires who bring a wealth of SaaS expertise, made strategic investments to its global partner program, and announced new features to its market leading Korbyt Anywhere platform. These achievements position Korbyt well to capitalize on the large market opportunity in the fast-growing digital workplace experience space.

As a pioneer in digital signage, the company has significantly evolved its SaaS platform to address the digital workplace’s needs by orchestrating the employee experience across devices and channels. The platform enables communication leaders across the business to align with other business functions like human resources, supply chain, customer service, and IT to achieve a comprehensive approach by providing a single place to publish content which delivers a personalized workplace experience to anyone, anywhere.

“The COVID-19 pandemic has accelerated digital investments as business leaders look to transform the employee experience through the use of targeted content delivery, automation, analytics and integrations that fuel operational efficiencies and innovation,” said Ankur Ahlowalia, who joined Korbyt as Chief Executive Officer in July 2020, “Our goal is to help leaders reach and engage their workforce to optimize their business outcomes while their businesses adjust to new patterns of work in unpredictable environments.”

In addition to its strong growth in 2020, the company achieved several significant milestones:

  • Rebranding the company as Korbyt, reflecting the company’s evolution to an all-encompassing digital workplace experience platform provider
  • Bolstering its partner ecosystem by attaining AWS Partner Network Select Tier status to deliver enhanced data visualization and performance management within Korbyt Contact Centers using Amazon Connect integration as well as meeting the AWS criteria as an AWS Well-Architected solution
  • Strengthening its global partner program by introducing “premier”, “preferred” and “referral” tiers to empower partners to expand the breadth of the solutions offered to their customers
  • Accelerating investment in R&D to develop and release Korbyt Anywhere Mobile and Intranet solutions
  • Being named a 2021 Digital Signage Awards finalist in the Education and Healthcare category
  • Expanding the leadership team with key hires that bring a wealth of SaaS expertise to the company, including Vice President of Customer Experience, Gregg Apirian; Vice President of Korbyt Europe, Mark King; Vice President of Channel and Revenue Operations, Andrew Gildin; Vice President of Enablement, Nicholas Gregory

About Korbyt
Korbyt goes beyond traditional communications to help businesses increase productivity, efficiency and engagement through digital messaging. By combining best-in-class software, hardware, business applications and services, Korbyt offers a single point of accountability for integrated data visualization and real-time performance management. The company is headquartered in Dallas, Texas, with additional offices worldwide. For more information, visit https://www.korbyt.com.

SOURCE Korbyt

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  • Rebranding the company as Korbyt, reflecting the company’s evolution to an all-encompassing digital workplace experience platform provider
  • Source: https://www.prnewswire.com/news-releases/korbyt-accelerates-business-momentum-as-demand-for-saas-based-digital-workplace-platform-grows-301217480.html

    SaaS

    SaaS Application Security Provider DigitSec Adds Phil Lepanto as Vice President of Customer Success and Closes Seed Financing Round to Support Growth

    DigitSec, provider of the only comprehensive security testing platform for Salesforce DevOps, today announced it has added Phil Lepanto as vice president of customer success. The company also closed…

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    DigitSec, provider of the only comprehensive security testing platform for Salesforce DevOps, today announced it has added Phil Lepanto as vice president of customer success.

    The company also closed an oversubscribed seed round of financing led by New York-based K20 Fund and individual angel investors to enable highly effective security solutions for SaaS (software as a service), including Salesforce.

    Lepanto serves on the executive committee of K Street Capital and leads Keiretsu’s CleanTech Committee as vice chairman. He instantly recognized DigitSec’s potential and reached out to the company to invest, then joined the team. Starting in 2005, Phil served as chief technology officer of Connections Media, where he led the technology team for web application development, cybersecurity and IT operations for leading political and public affairs clients. Before that, he served as vice president of technology operations for Mindshare Interactive Campaigns.

    “As DigitSec continues to add customers and enhance its S4 for Salesforce platform, Phil will be instrumental in providing the highest levels of service and support based on his extensive experience with cybersecurity, IT operations and high-growth technology companies,” noted CEO Waqas Nazir, DigitSec. “We were lucky that Phil invested in our seed round; once we got to know him better, we eagerly recruited him to join our executive team and lead customer success.”

    The SaaS market compound annual growth rate (CAGR) is pegged at more than 20 percent*. The increasing number of Salesforce deployments, growing amount of customer personally identifiable information (PII) and other sensitive data stored, and increasing number of integrations with enterprise applications presents a larger- and more lucrative – attack surface for bad actors.

    The company’s patented DigitSec SaaS Security Scanner™- S4 for Salesforce™ is the most comprehensive application security testing platform purpose-built for Salesforce. It integrates multiple security tools, empowering developers and administrators to accurately identify security issues faster and with far fewer false positives than traditional AppSec testing solutions. It offers an automated penetration testing solution combining static source code analysis (SAST), interactive runtime testing (IAST), software composition analysis (SCA), and cloud security configuration review for a full-spectrum Salesforce security assessment.

    About DigitSec

    DigitSec provides the most comprehensive application security testing platform purpose-built for Salesforce, including automated penetration testing. Its patented SaaS Security Scanner, S4, quickly assesses Salesforce security posture, allowing developers to easily identify potential issues before deployment while supporting compliance requirements. More info can be found at https://www.digitsec.com.

    * https://www.globenewswire.com/news-release/2021/05/06/2224239/0/en/Software-as-a-service-SaaS-Global-Market-Report-2021-COVID-19-Impact-and-Recovery-to-2030.html

    All brands and names are the property of their respective owners.

    https://www.digitsec.com

    Source: https://www.marketscreener.com/news/latest/SaaS-Application-Security-Provider-DigitSec-Adds-Phil-Lepanto-as-Vice-President-of-Customer-Success–35925287/

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    SaaS

    Software As A Service (SAAS) Market Expected to Exceed $305 Billion by 2026

    /PRNewswire/ — SaaS is a software distribution model where the service provider hosts the application at a data center for customers to access via the…

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    PALM BEACH, Fla., June 7, 2021 /PRNewswire/ — SaaS is a software distribution model where the service provider hosts the application at a data center for customers to access via the internet. By subscribing to the service, customers no longer need to maintain the hardware or other resources that were previously required and instead can access the Software via a client program or web browser. SaaS companies offer their products to customers through the internet for a monthly subscription or a pay-as-you-go model. This may be cheaper for customers, as they do not have to invest in other on-premises software products up-front and are instead more flexible to end contracts of software products they do not need anymore. This way, SaaS companies also benefit from the recurring revenue. Importantly, they are also responsible for continuously developing the software and running it on their infrastructure. According to a report from Statista said that, in 2021, the software as a service (SaaS) market is estimated to be worth approximately 123 billion U.S. dollars. SaaS applications are run in the cloud and usually accessible through desktops and mobile applications, as well as through a web interface. It said: “The overall SaaS market is expected to continue growing, as organizations around the world adopt SaaS solutions for a variety of business functions. Among these are solutions for customer resource management (CRM), enterprise resource planning (ERP), as well as web hosting and eCommere.” Active tech companies in the markets this week include Alfi, Inc. (NASDAQ: ALF), CrowdStrike Holdings, Inc. (NASDAQ: CRWD), Salesforce, Inc. (NYSE: CRM), Palantir Technologies (NYSE:PLTR), DocuSign, Inc. (NASDAQ: DOCU).

    Another report from Reports Valuates says that The global Software as a Service (SaaS) market size is projected to reach USD 307.3 Billion by 2026, from USD 158.2 Billion in 2020, at a CAGR of 11.7% during 2020-2026. It said that: “Artificial Intelligence ( AI) is used in various applications to solve complex business problems. The convergence of AI with SaaS enables organizations to achieve greater value through automation, personalizing, and security enhancement. Al-enabled SaaS also speeds up internal processes and operations that allow businesses to make rapid demands and to increase their overall response time. The major drivers of SaaS market size are increased use of smartphones, tablets, and laptops, increasing public and hybrid cloud adoption, and increasing corporate outsourcing. Another factor that boosts market expansion over the forecast period includes the increasing use of micro SaaS.”

    Alfi, Inc. (NASDAQ: ALF) BREAKING NEWS: Alfi Commences Operation of its AI Enterprise SaaS Platform Technology for Digital Advertising in Kiosks at Belfast International Airport (“BFS”) – Alfi, Inc. (“Alfi” or the “Company”), an AI enterprise SaaS platform company powering computer vision with machine learning models to allow content publishers and brand owners to deliver interactive, intelligent information without violating user privacy, today announced that it has commenced operation of its digital advertising technology in multiple kiosks located within Belfast International Airport (“BFS”). Alfi has signed a contract with Belfast International Airport and has already installed a total of 9 kiosks at the airport. Alfi currently estimates that the 9 kiosks utilizing the Company’s technology has the potential to generate in excess of $5,000,000 annually.

    “This is just the beginning. The DOOH world is transitioning rapidly to impression-based accountability with major advertisers and national brands demanding more transparency and better accuracy in reporting metrics. Alfi is far ahead of this curve already having built, tested and now deploying these advanced platforms in the OOH world globally. It is incredibly exciting to see these paramount shifts towards ALFI’s intelligent platform,” said Ron Spears, CRO of Alfi. “I have been in digital and DOOH for nearly 20 years at trend changing companies, but when I saw Alfi’s technology I was speechless. This is the next disruptor in the DOOH industry” said Alfi’s CRO.

    Digital kiosk advertising has been proliferating in places such as airports, malls, sports and entertainment venues and city streets as they create an excellent opportunity to expose consumers to a brand, message, or product, are more cost-effective over the long term than traditional advertising channels and offer the owner the opportunity to generate additional revenue.

    Utilizing Alfi’s technology, Belfast International Airport can optimize its network of kiosks to deliver powerful reach, dynamic visuals, and tailored message capability by age, gender, geography, demographics, brand behavior and interests, all in real-time. Alfi’s computer vision can change and run ads remotely to deliver the right content, to the right person, at the right time in a responsible and privacy compliant manner.

    Alfi provides data rich reporting functionality that informs the advertisers that someone viewed their ad, the number of views, and each viewer’s reaction to the ad. Advertisers are increasingly demanding improved performance and capabilities from the ad technology they utilize. Alfi delivers for advertisers with analytics, accountability, transparency, proof of engagement and actual impressions.

    Belfast International Airport is Northern Ireland’s Principal Airport and the second largest gateway on the Island of Ireland. Operating 24/7 all year round. To get more information about ALFI, please visit: https://www.getalfi.com

    Other recent developments in the markets include:

    CrowdStrike Holdings, Inc. (Nasdaq: CRWD), a leader in cloud-delivered endpoint and cloud workload protection, recently announced financial results for the first quarter fiscal year 2022, ended April 30, 2021. “CrowdStrike kicked off the new fiscal year with strong momentum and delivered outstanding first quarter results that exceeded our expectations. We saw strength in multiple areas of the business, added $144 million in net new ARR in the quarter and grew ending ARR 74% year-over-year to exceed $1.19 billion. The CrowdStrike name has become synonymous with best-in-class cybersecurity protection and a platform that just works. Customers of all sizes are increasingly choosing CrowdStrike as their security platform of record with 1,524 net new subscription customers added in the quarter and half of total subscription customers now adopting at least five cloud modules. We believe the robust demand environment driven by secular trends, such as digital and security transformation, cloud adoption and a heightened threat environment, provides a runway for long-term sustainable growth,” said George Kurtz, CrowdStrike’s co-founder and chief executive officer.

    Salesforce Connections — Salesforce, [NYSE: CRM], the global leader in CRM, recently announced new innovations across Digital 360, helping companies go digital faster and deliver the next generation of marketing, commerce and digital experiences

    As consumers continue to push the limits of what it means to be digital first — from buying cars and groceries online to applying for mortgages on their phones — businesses’ marketing budget is following suit, with online sales reaching over $4 trillion1 and digital expected to hit half of all global ad spend this year.2 Salesforce is helping companies stay ahead of these shifts, powering an average of more than 100 billion Einstein predictions, sending 682 billion emails and delivering a daily average of three million commerce transactions in 2020.

    Palantir Technologies (NYSE:PLTR) announced recently that it had been selected by the United States Special Operations Command (USSOCOM) to continue its work as their enterprise data management and AI-enabled mission command platform as part of the Mission Command System/Common Operational Picture program. The contract is valued at a total of $111 million, inclusive of options, with $52.5 million executed upon award. The total contract includes a base year and one option year.

    Palantir’s platform has been used by USSOCOM in real-time mission operations to interoperate with other components of the global situational awareness architecture since 2016. Palantir’s software is designed to aggregate disparate and siloed data sources to enable the best possible data-driven decision-making, making Palantir uniquely suited to provide a platform to support unity of effort and enhance high impact decision-making across warfighting functions.

    DocuSign, Inc. (NASDAQ: DOCU), which offers the world’s #1 eSignature solution as part of the DocuSign Agreement Cloud, recently announced results for its fiscal quarter ended April 30, 2021.

    “We’ve increasingly become the way people agree in this emerging anywhere economy—and that’s not only helping organizations continue operations during the pandemic, but helping them realize new and more efficient ways of doing business in the future,” said DocuSign CEO Dan Springer. “This fact is reflected by our new and existing customers adopting and expanding at record rates, our 58% year-over-year Q1 revenue growth, and the recent addition of our millionth customer to the DocuSign platform.”

    DISCLAIMER: FN Media Group LLC (FNM), which owns and operates FinancialNewsMedia.com and MarketNewsUpdates.com, is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated in any manner with any company mentioned herein. FNM and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. FNM’s market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release. FNM is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. For current services performed FNM has been compensated twenty five hundred dollars for news coverage of the current press releases issued by Alfi, Inc. by a non-affiliated third party. FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

    This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected,” “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to update such statements.

    Contact Information:

    Media Contact email: [email protected] – +1(561)-325-8757

    SOURCE Financialnewsmedia.com

    Digital kiosk advertising has been proliferating in places such as airports, malls, sports and entertainment venues and city streets as they create an excellent opportunity to expose consumers to a brand, message, or product, are more cost-effective over the long term than traditional advertising channels and offer the owner the opportunity to generate additional revenue.

    Source: https://www.prnewswire.com/news-releases/software-as-a-service-saas-market-expected-to-exceed-305-billion-by-2026-301306329.html

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    Capchase, a lending provider that is helping SaaS firms with habitual earnings to develop their operations, raises $125M Collection A led by way of QED Traders (Chris Metinko/Crunchbase Information)

    Chris Metinko / Crunchbase Information: Capchase, a lending provider that is helping SaaS firms with

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    Home / Tech / Capchase, a lending provider that is helping SaaS firms with habitual earnings to develop their operations, raises $125M Collection A led by way of QED Traders (Chris Metinko/Crunchbase Information)

    admin 1 day ago Tech Leave a comment7 Views

    Chris Metinko / Crunchbase Information:

    Capchase, a lending provider that is helping SaaS firms with habitual earnings to develop their operations, raises $125M Collection A led by way of QED Traders — Capchase closed a $125 million Collection A because the New York-based corporate seems to be to extend its nondilutive investment platform and choices to founders.

    Chris Metinko / Crunchbase Information:

    Capchase, a lending provider that is helping SaaS firms with habitual earnings to develop their operations, raises $125M Collection A led by way of QED Traders — Capchase closed a $125 million Collection A because the New York-based corporate seems to be to extend its nondilutive investment platform and choices to founders.

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    Source: https://www.allmydailynews.com/2021/06/05/capchase-a-lending-service-that-helps-saas-companies-with-recurring-revenue-to-grow-their-operations-raises-125m-series-a-led-by-qed-investors-chris-metinko-crunchbase-news/

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