|Type of business||Public|
Type of site
|Traded as||NYSE: YEXT|
Russell 2000 Component
|Founded||November 28, 2006|
|Headquarters||1 Madison Ave 5th Floor, New York, NY 10010|
|Key people||Michael Walrath (Chairman)|
Brian Distelburger (President)
Howard Lerman (CEO)
Steve Cakebread (CFO)
Tom Dixon (CTO)
Jeffrey Rohrs (CMO)
|Revenue||US$170.2 million (FY 2018)|
|Total equity||US$115.8 million|
|Employees||930 (July 2018)|
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.
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.
As of April 2017, the company's market capitalization is said to be more than $1.1 billion, according to the Forbes report.
For fiscal year 2018, Yext's revenue was $170.2 million.
- "Products | Control the Knowledge About Your Business". Yext. Retrieved 2017-03-19.
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- Kim, Ryan (August 20, 2012). "Yext sells pay-per-call biz to CityGrid, focuses on local business listings". GigaOM.
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- "2016 Winners by rank" (PDF). Deloitte. Retrieved 16 November 2017.
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- Lynley, Matthew. "Yext looks to help businesses make their information more searchable by machines". TechCrunch. Retrieved 2017-10-13.
- "Yext, Inc. Announces Fourth Quarter and Full Year Fiscal 2018 Results".