Podium (company)

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Podium
Company typePrivate
IndustrySoftware
Founded2014
HeadquartersLehi, Utah, United States
Key people
Eric Rea, Co-Founder, Dennis Steele, Co-Founder
ProductsOnline Reputation Management, Customer interaction management, Customer Relationship Management, Contactless Payments
RevenueIncrease $100 Million(2019)[1]
Number of employees
820
Websitehttps://www.podium.com

Podium is a privately held technology company headquartered in Lehi, Utah that develops cloud-based software to help businesses modernize customer interactions, such as messaging and customer feedback, and improve their online reputations.

History

Podium was founded in 2014 when Eric Rea got a call from his father about his tire shop's online reviews not being reflective of the verbal feedback he received from customers. His father was looking for a way to improve those reviews, but he didn’t know how to go about it. After some initial research, Rea found that existing solutions were largely antiquated, email-based tools.

Around the same time Dennis Steele was working for a PR firm focused on helping businesses improve their online reputation. Steele, familiar with the process, knew that many businesses and agencies were building online reputation strategies that were time-consuming and largely ineffective.

Determined to build a better service, Rea and Steele teamed up to develop a tool that would help small businesses build their online reputation through online reviews.[2]

Podium was initially known as RepDrive[3] before rebranding as Podium in 2015. The company raised $500,000 in an initial round of funding led by Peak Ventures.[4]

In March 2020, Podium added payments technology to its product suite.[5]

Y Combinator

Podium was selected to participate in the Winter 2016 class of Y Combinator, a startup incubator that has helped develop Airbnb, Dropbox, and Reddit.[6] The company presented on the second demo day for the Winter 2016 batch on March 23, 2016.[7]

Awards and recognition

  • Podium was named one of the 2016 Emerging Elite by Mountain West Capital Network in September 2016.[8]
  • Podium's CEO Eric Rea was interviewed for "The Top" podcast in December 2016.[9]
  • Podium's co-founders Eric Rea and Dennis Steele were named to The Peak 100 with Rea being named to the top-10.[10]
  • Podium was named the No. 3 Best Place to Work in Utah by the Deseret News in June 2017.
  • Eric Rea was named one of the highest rated CEOs by Glassdoor in June 2017.[11]
  • Podium won the DMN Best Places to Work (Mid-sized Companies) in July 2017.[12]
  • Podium was named the No. 1 Startup to Watch by Utah Valley Magazine in September 2017.[13]
  • Podium was named one of the 2017 Emerging Elite by Mountain West Capital Network in October 2017.[14]
  • Podium was named Utah Business Medium Companies Best Companies to Work for in December 2017.[15]
  • Podium ranked 16th on Glassdoor's Best Places to Work in 2018 list.[16]
  • Podium ranked 13th on the 2018 Inc. 5000.[17]
  • Podium was listed on Forbes' 2018 Cloud 100 [18]
  • Podium was recognized by Forbes as one of their Next Billion-Dollar Startups [19]
  • Podium was ranked as the ninth fastest growing technology company, public or private, by Deloitte in 2018 [20]
  • Podium was named by Fast Company as one of the World's Most Innovative Companies in 2019 [21]

References

  1. ^ https://www.forbes.com/sites/stevenli1/2020/07/02/podium-interaction-management-growth-journey/#:~:text=Just%20six%20years%20later%2C%20Podium,local%20businesses%20they%20interact%20with.
  2. ^ "Podium helps businesses improve online reviews with a simple text : Silicon Slopes". siliconslopes.com. Retrieved 2016-05-06.
  3. ^ "Podium, Inc.: Private Company Information - Businessweek". www.bloomberg.com. Retrieved 2016-05-06.
  4. ^ "Podium | CrunchBase". www.crunchbase.com. Retrieved 2016-05-06.
  5. ^ "Podium rolls out payments for its customer-focused local-business SaaS service". TechCrunch. Retrieved 2020-03-03.
  6. ^ "The 10 Most Successful Y Combinator Startups". Business Insider. Retrieved 2016-05-06.
  7. ^ Constine, Josh; Dickey, Megan Rose; Buhr, Sarah. "Here are the 59 startups that demoed at Y Combinator Winter '16 Demo Day 2". TechCrunch. Retrieved 2016-05-06.
  8. ^ "Latest News | MWCN". www.mwcn.org. Retrieved 2016-09-28.
  9. ^ "Podium Hits $1m MRR in 12 Months, $4m Raised with 6500 SMB Customers sub 1% Churn with CEO Eric Rea - Nathan Latka". Nathan Latka. 2016-12-30. Retrieved 2017-01-25.
  10. ^ "Utah Entrepreneurs Are INSPIRING Individuals, Change, And Ideas". Silicon Slopes. 2017-04-07. Retrieved 2017-05-10.
  11. ^ "Highest Rated CEOs at SMBs". Glassdoor. Retrieved 2017-11-17.
  12. ^ "Podium: Best Places to Work Winner (Mid-Sized Companies)". DMN. 2017-07-14. Retrieved 2017-11-17.
  13. ^ "UV50 Startups to Watch: No. 1 Podium - UtahValley360". UtahValley360. 2017-09-21. Retrieved 2017-11-17.
  14. ^ "MountainWest Capital Network Names FireFly Automatix the Fastest Growing Company in Utah for the Second Year in a Row". Mountain West Capital Network. Retrieved 2017-11-17.
  15. ^ "Medium Companies: Best Companies to Work For - Utah Business". utahbusiness.com. Retrieved 2017-12-08.
  16. ^ "Best Places to Work". Glassdoor. Retrieved 2017-12-08.
  17. ^ "The votes are in, and Podium is one of America's Best Workplaces of 2018!". Inc.com. Retrieved 2018-08-21.
  18. ^ https://www.forbes.com/cloud100/#7be6e5f55f94
  19. ^ https://www.forbes.com/next-billion-dollar-startups/#393888c04441
  20. ^ https://www2.deloitte.com/content/dam/Deloitte/us/Documents/technology-media-telecommunications/us-tmt-fast500-2018-winners-ranking.pdf
  21. ^ https://www.fastcompany.com/most-innovative-companies/2019/sectors/enterprise

External links

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