Yext


Yext is a New York City technology company operating in the area of on-line brand management. It offers brand updates using its cloud-based network of apps, search engines and other facilities. The company was founded in 2006 by Howard Lerman, Brian Distelburger, and Brent Metz. Recent figures showed a market capitalization in 2019 of more than $2.0 billion and a revenue of $228.28 million for the 2019 fiscal year.

History

Yext was founded in 2006 as a local advertising business. By 2009, it was generating $20 million in revenue after switching its business model to generate leads for its customers through a pay-per-call model.
In August 2012, the company sold its pay-per-call business to IAC's CityGrid Media in order to focus on listings. By that time, Yext had raised $65.8 million in funding and handled 950,000 updates for 50,000 businesses.
Investors included Sutter Hill Ventures, Institutional Venture Partners, and WGI investments. By 2016, the company had $89 million in revenue and had expanded its offices at One Madison Avenue to 95,000 square feet. Yext's Knowledge Engine now offers a suite of products, expanding the company's services beyond just business listings.
In 2016, the company was ranked #60 on the Deloitte Fast 500 North America list.
Yext filed for an initial public offering on March 13, 2017.
As of April 2017, the company's market capitalization is said to be more than $1.1 billion, according to the Forbes report.
In 2017 Yext debuted on the New York Stock Exchange.
For fiscal year 2018, Yext's revenue was $170.2 million.
For fiscal year 2019, Yext's revenue was $228.28 million.