What a year it has been for our team! In June, we officially launched Sapho and the response we have gotten from customers, press, and analysts has been fantastic! We experienced 320 percent YOY revenue growth and, with some key executive hires, we also achieved 100 percent employee growth.
This growth paralleled the industry’s need to make enterprise software more usable. Gartner predicted that 2016 global spending for enterprise software would be $367.5 billion, which included billions of dollars in system maintenance and upgrades to existing enterprise applications and other systems of record.
Sapho’s co-founders, Fouad ElNaggar and Peter Yared, came from CBS Interactive as the chief strategy officer and CIO, respectively. At CBSi, they saw first hand that employees weren’t using work software, despite the millions of dollars the company was investing in it.
And they were not alone. From a study we conducted with Forrester Research earlier this year, we know that most employees are unhappy with the current work software, and are craving a more personalized, social media-like experience. At the same time, IT is painfully aware of the usability issues, but is handcuffed by their legacy systems. Sapho solves these problems with secure micro apps, that monitor work systems for important changes (or “events”), that deliver actionable data, insights, and tasks from a personalized Facebook-like feed that looks a lot more like Facebook than Oracle.
In 2016, we proved Sapho to be a comprehensive workplace solution and a great system of engagement, adding support for countless enterprise systems. Just a few of the new integrations include Oracle Sales Cloud, Zendesk, Google Analytics, Box, and IBM Watson Workspace, with more updates in store for 2017.
Additional Sapho 2016 highlights and milestones include:
- 320 percent YOY revenue growth and Series A funding, bringing the total raised to $13.5M.
- 100 percent YOY employee growth. Key hires include Natalie Lambert, VP of Marketing who is formerly of Citrix and Forrester Research and Yannick Barel, VP of Sales who is formerly of Veristorm and IBM.
- 200 percent YOY customer growth including CBS Interactive, Super Deluxe, Kubernetes, RPX, Attend, and more.
- More than 50 new integrations and connectors with existing work systems like Salesforce, Oracle, IBM, and more.
- Industry leaders, analysts and award organizations are beginning to take notice of Sapho too. Sapho was recognized as a Best Emerging Technology Solution by end-user organizations at two Enterprise Transformation (ET) Exchange Summit events.
- Sapho was also welcomed into the AppConfig Community. With the AppConfig membership, Sapho customers can easily and securely deploy micro apps that simplify business workflows across any enterprise mobility management (EMM) solution.
Our CEO Fouad ElNaggar recently said that “2017 will be the year we’ll start to see a major shift in the C-suite’s mindset when it comes to technology in the enterprise and Sapho is excited to be at the forefront of this movement. The work tools that employees interact with on a daily basis need to be usable in order to increase productivity. In 2017, Sapho will continue its efforts to make CIOs’ billion dollar enterprise software investments more appealing to their everyday employees.”
Here’s to a great 2017!
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