|Type of business||Public|
Type of site
|Traded as||NYSE: YEXT|
Russell 2000 Component
|Founded||November 28, 2006|
|Headquarters||61 Ninth Avenue, New York, New York|
|Key people||Michael Walrath (Chairman)|
Brian Distelburger (President)
Howard Lerman (CEO)
Steve Cakebread (CFO)
Rob Figueiredo (CTO)
Joshua Grau (CMO)
|Revenue||US$354.7 million (FY 2021)|
|Total equity||US$115.8 million|
|Employees||930 (July 2018)|
Yext is a New York City technology company operating in the area of online 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 $354.7 million for the 2021 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.
For the fiscal year 2021, Yext reported a revenue of $354.7 million.
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