Yext

Yext is a New York-based online marketing and search company.[1] It offers brand updates using its cloud-based network of apps, search engines and other facilities.[1] The company was founded in 2006 by Howard Lerman, Brian Distelburger, and Brent Metz. Its 2021 market cap was $2.0 billion and revenue was $354.7 million.[2]

Yext, Inc.
Type of businessPublic
Type of site
Software
Traded asNYSE: YEXT
Russell 2000 Component
FoundedNovember 28, 2006 (2006-11-28)
Headquarters61 Ninth Avenue, New York, New York
Founder(s)Howard Lerman
Brent Metz
Brian Distelburger
Key peopleMichael Walrath (CEO and Chairman)
Marc Ferrentino (President and COO)
Brian Distelburger (Co-founder and board member)
Darryl Bond (CFO)
Rob Figueiredo (CTO)
Tom Nielsen (CRO)
Raianne Reiss (CMO)
IndustryInternet
RevenueIncrease US$354.7 million (FY 2021)
Total equityUS$115.8 million
Employees1,200 (2021)
URLyext.com
RegistrationRequired
Current statusActive
Written inJava

History

Yext was founded in 2006 as a local advertising business.[3] Its 2009 revenue was $20 million after it switched to generating customer leads and charging per lead.[4]

In August 2012, the company sold its pay-per-call business to IAC's CityGrid Media in order to focus on listings.[5][6] By that time, Yext had raised $65.8 million in funding and handled 950,000 updates for 50,000 businesses.[7]

Investors included Sutter Hill Ventures, Institutional Venture Partners, and WGI investments.[8] By 2016, the company had $89 million in revenue and had expanded its offices at One Madison Avenue to 95,000 square feet.[9]

In 2016, the company was ranked #60 on the Deloitte Fast 500 North America list.[10]

In 2017, Yext was listed on the New York Stock Exchange.[11]

References
  1. "Products | Control the Knowledge About Your Business". Yext. Retrieved 2017-03-19.
  2. "Yext, Inc. Announces Fourth Quarter and Full Year Fiscal 2019 Results". Yext. 2019-03-06. Retrieved 2020-03-06.
  3. "Yext". Forbes. Retrieved 2020-03-06.
  4. Schonfeld, Erick (October 1, 2009). "The $25 Million Demo. Yext Scores A Big Round From IVP After TechCrunch50 Debut". TechCrunch. Retrieved 27 November 2012.
  5. Kim, Ryan (August 20, 2012). "Yext sells pay-per-call biz to CityGrid, focuses on local business listings". GigaOM.
  6. Bruder, Jessica (December 19, 2012). "A Wave of Start-Ups Helps Small Companies Outsource Their Tasks". New York Times. Retrieved 20 December 2012.
  7. Ha, Anthony (June 12, 2012). "Yext Raises $27M More At A $270M Valuation". TechCrunch. Retrieved 27 November 2012.
  8. "About Yext: The Best Local Search Results". Yext. Retrieved 27 November 2012.
  9. Gregor, Daniel (July 2012). "Yext Takes 40,000 s/f at One Mad". Commercial Observer. Retrieved 30 November 2012.
  10. "2016 Winners by rank" (PDF). Deloitte. Retrieved 16 November 2017.
  11. "Yext - Stock Price History | YEXT". www.macrotrends.net. Retrieved 2020-04-27.

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