Technology

Omaha-based startup Workshop raises $5M to streamline internal email and communications

Published

2 years ago

July 25, 2022

OMAHA, Neb., July 25, 2022 /PRNewswire/ — Workshop, a delightful platform for distributing and measuring internal email and communications, has raised $5.2 million in additional seed funding.

Workshop, a delightful platform for distributing and measuring internal email, has raised $5.2 million in seed funding.

The round was led by McCarthy Capital out of their Emerging Growth strategy. It also included support from a group of prominent Silicon Valley and Midwest venture funds, including Coelius Capital, All Access Fund, Invest Nebraska, and M25.

This additional round of investment follows a pre-seed round for $3.5 million in April 2021. In the last year, Workshop has developed a standout platform for internal email and built up a customer base that’s responsible for communications to over 50,000 employees every month, from Fortune 100 companies to beloved brands like Lime and Home Chef.

“Evolving work styles and the shift toward hybrid workplaces have increased the importance of employee communication,” said BJ Hansen, Managing Director at McCarthy Capital. “Workshop enables companies to better connect and engage with their employees. We are excited to work with the experienced team at Workshop to support their efforts to become the leading platform for internal communications.”

Workshop was co-founded in 2020 by Rick Knudtson (former founder of Flywheel), Ben Stevinson, and Derek Homann (former founders of Median). The group came together with a shared vision to help other organizations create positive, engaging company culture through great internal communication.

“We’re excited to partner with McCarthy Capital through the next phase of growth. They believe in our product vision, our team, and the opportunity in the market,” said CEO and co-founder Rick Knudtson. “With the new capital, we’ll double down on our product strategy and work to provide even more robust solutions for internal communications teams across the world.”

The startup plans to use the funds to continue to fuel product innovation and accelerate hiring, with a current focus on recruiting engineering and sales talent.

Workshop also announced the ofﬁcial launch of their new Automatic Lists feature, which enables internal communications teams to integrate with their best employee data sources and create their own automatically updated distribution lists (without the need for IT support). Workshop is able to deliver this feature by offering more integrations than any other internal email platform, enabling teams to pull in employee contact data from Outlook or Google, their HRIS system (including UKG, Workday, and more), or their payroll software (including Gusto, ADP, and more).

“We’re really excited to expand Workshop’s contact management and integrations to meet customers where they’re at, no matter what tooling they’re already using,” said Chief Technology Ofﬁcer and co-founder Ben Stevinson. “We’ve seen a strong signal that we’re able to solve our customer’s biggest internal comms pain points in a way that hasn’t been possible before.”

For more information and to request a demo, head to useworkshop.com. ABOUT WORKSHOP

Workshop is the most effective way to create, send, and measure employee emails and branded internal communications across distributed teams. It’s intentionally built for internal use, with easy drag-and-drop templates, automatically updated distribution lists, and valuable engagement data. It also integrates with all of the internal communication channels you already use, including Slack, Sharepoint, SMS, Microsoft Teams, and more. Make every internal email a great employee experience with Workshop!

ABOUT MCCARTHY CAPITAL

McCarthy Partners Management, LLC is a registered investment advisor that conducts business as McCarthy Capital. McCarthy Capital, headquartered in Omaha, Nebraska, is focused exclusively on lower middle-market companies. For more than 35 years, the McCarthy organization has been partnering with founders, families and exceptional management teams to support the growth of their companies. More information about McCarthy Capital can be obtained at www.mccarthycapital.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/omaha-based-startup-workshop-raises-5m-to-streamline-internal-email-and-communications-301592624.html

SOURCE Workshop

Technology

INTOUCH INSIGHT ANNOUNCES Q3 2024 FINANCIAL RESULTS

Published

23 minutes ago

November 21, 2024

OTTAWA, ON, Nov. 21, 2024 /CNW/ – Intouch Insight Ltd, (“Intouch” or “the Company”) (TSXV: INX) (OTCQX: INXSF) a leader in customer experience measurement solutions, today announced financial results for the quarter ended September 30, 2024.

Key highlights for Q3 2024

Revenue increased 18% to $6,656,664 compared to $5,634,594 in Q3 2023.Recurring services revenue increased 23% to $5,761,966 from $4,678,154 the prior year Q3.Gross margin increased to 48.2% from 41.7% in Q2 2024 due to the shift in product mix.SaaS revenues grew 9% organically.Operating expenses have grown 7% compared to prior year’s Q3 as acquisition integration efforts continue.Adjusted EBITDA remained positive increasing to $575,889 compared to $296,515 in Q2, 2024 and $509,762 in prior year Q3.

“Our financials illustrate that Intouch is a growing, profitable and financially self-sufficient business. Sales and marketing efforts are building on our thought leadership and improving brand recognition, particularly in the key target market segments of Quick Serve Restaurants and Petro Convenience, as evidenced by recent mainstage speaking invitations for four industry events,” said Cameron Watt, President & Chief Executive Officer of the Company.

“This year will mark the second year in a row with revenues over $25 Million and we expect growth to continue well beyond this level into the future,” said Watt.

Consolidated Statements of Operations

Q3 2024

Q3 2023

Revenue

$ 6,656,664

$ 5,634,594

Cost of services

3,445,180

2,719,682

Gross margin

3,211,484

2,914,912

Total operating expenses

2,844,721

2,656,381

Income from operating activities

366,763

258,531

Non-operating (expenses) income

87,297

(83,076)

Income tax recovery (expense)

–

Net income (loss)

$ 454,060

$ 175,455

About Intouch Insight

Intouch Insight offers a complete portfolio of customer experience management (CEM) products and services that help global brands delight their customers, strengthen brand reputation and improve financial performance. Intouch helps clients collect and centralize data from multiple customer touch points, gives them actionable, real-time insights, and provides them with the tools to continuously improve customer experience. Founded in 1992, Intouch is trusted by over 300 of North America’s most-loved brands for their customer experience management, customer survey, mystery shopping, mobile forms, operational and compliance audits, geolocation data capture and event marketing automation solutions. For more information, visit intouchinsight.com.

Certain statements included in this news release contain forward looking statements that are made of the date hereof, which by their nature are necessarily subject to risks and uncertainties and other factors that may cause actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such statements reflect the Company’s current views with respect to future events, including the acquisition, future revenues and references to the Company’s expansion and growth of the business and operations, and are based on information currently available to the Company and on hypotheses which it considers to be reasonable; however, management warns the reader that hypotheses relative to future events which are beyond the control of management could prove to be false, given that they are subject to certain risks and uncertainties. Please refer to the risks set forth in the Company’s most recent annual MD&A and the Company’s continuous disclosure documents that can be found on SEDAR at www.sedar.com. The Company does not intend, and disclaims any obligation, except as required by law, to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE Intouch Insight Ltd.

Technology

Beacon Healthcare Systems Expands Leadership Team with Addition of Ayman Mohamed as Chief Technology Officer

Published

23 minutes ago

November 21, 2024

HUNTINGTON BEACH, Calif., Nov. 21, 2024 /PRNewswire/ — Beacon Healthcare Systems, is pleased to announce the appointment of Ayman Mohamed as its new Chief Technology Officer, effective November 18, signaling a new direction in innovation and technology leadership. With over 20 years of senior leadership, strategic, and operational product management experience, Ayman brings a wealth of knowledge and expertise to the role.

Beacon Healthcare Systems Expands Leadership Team with Addition of Ayman Mohamed as Chief Technology Officer

Ayman Mohamed is a seasoned technology leader with a proven track record of launching innovative products in new and existing markets, generating significant revenue streams, and creating profitable enterprises. His passion for building high-quality products and commitment to servant leadership have earned him a reputation for building trust and fostering collaborative, high-performing teams.

Throughout his career, Ayman has demonstrated a deep understanding of software architecture and broad hands-on technical skills. He has successfully helped organizations succeed, with experience spanning startups and larger companies in the San Francisco Bay and Washington DC metro areas. In his new role at Beacon Healthcare Systems, Ayman will lead engineering and delivery teams, develop a product roadmap, and lead technology development, testing, and implementation efforts.

“We are thrilled to have Ayman join Beacon Healthcare Systems at this pivotal time. Our vision is to harness cutting-edge technologies to enhance our products, implementations, and continue to give our clients the level of quality they expect,” said Todd Petersen, CEO.

Ayman Mohamed’s previous roles include leadership positions at Amazon Web Services, American Well, Avizia, Intersections Inc, Zumetrics, Moasis Global, and Ultra Zoom Technologies. His strategic and operational skills, combined with his ability to thrive in dynamic environments and his bias for action, make him an invaluable asset to Beacon Healthcare Systems.

About Beacon Healthcare Systems. Beacon Healthcare Systems streamlines the business of healthcare through reliable innovative SaaS technology delivered by industry experts. With a focus on appeals and grievances, compliance, and analytics, Beacon HCS is the first place health plans turn when looking for a trusted, experienced partner that can help them reduce costs, grow revenue, and achieve their strategic goals. Founded in 2011, Beacon HCS is a privately held California-based company. Visit our website at www.beaconhcs.com

Media Contact: 9048744189 | Dkroog@beacon@beaconhcs.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/beacon-healthcare-systems-expands-leadership-team-with-addition-of-ayman-mohamed-as-chief-technology-officer-302313686.html

SOURCE Beacon Healthcare Systems

Technology

NASA Awards Test Operations Contract

Published

23 minutes ago

November 21, 2024

WASHINGTON, Nov. 21, 2024 /PRNewswire/ — NASA has selected Sierra Lobo, Inc. of Fremont, Ohio, to provide for test operations, test support, and technical system maintenance activities at NASA’s Stennis Space Center near Bay St. Louis, Mississippi.

The NASA Stennis Test Operations Contract is fixed-price, level-of-effort contract that has a value of approximately $47 million. The performance period begins July 1, 2025, and extends three years, with a one-year base period and two one-year option periods.

The contract will provide test operations support for customers in the NASA Stennis test complex. It also will cover the operation and technical systems maintenance of the high-pressure industrial water, high-pressure gas, and cryogenic propellant storage support areas, as well as providing welding, fabrication, machining, and component processing capabilities.

NASA Stennis is the nation’s largest propulsion test site, with infrastructure to support projects ranging from component and subscale testing to large engine hot fires. Researchers from NASA, other government agencies, and private industry utilize NASA Stennis test facilities for technology and propulsion research and developmental projects.

For information about NASA and other agency programs, visit:

https://www.nasa.gov

View original content to download multimedia:https://www.prnewswire.com/news-releases/nasa-awards-test-operations-contract-302313691.html

SOURCE NASA