Allego Closes 2017 Strong with Over 100% Quarter-Over-Quarter Bookings Growth; Doubles Customer Base for the Year
February 21 2018 - 12:01PM
Business Wire
Strong renewal and revenue growth in Q4 propel
Allego to record sales and customer expansion in 2017
Allego, the mobile video sales learning platform, today
announced results for 2017, including record revenue in Q4 and a
record number of new customers, nearly doubling its customer base
from a year ago. Allego also recorded a customer renewal rate of
above 95 percent for Q4 and the full year. Notable new brands
adopting the Allego platform in 2017 include Ash Brokerage,
Finastra and PrepMD LLC.
Other significant achievements during the year included the
company’s ranking on the Inc. 500 as America’s fifth
fastest-growing private software company, as well as the debut of
Allego’s first annual customer conference, the Allego Sales Success
Summit (S3). These results demonstrate not only Allego’s commitment
to customer success, but also highlight the industry’s growing need
for a user-friendly mobile-first and video-enabled sales and
enterprise learning solution.
Click to tweet: Year in review: Doubled customer
base, 64% YoY Bookings Growth, 5th fastest growing private software
company in the US on the @Inc 500. @AllegoSoftware is charging into
2018 full steam ahead!
“Our customers recognize the value of an easy-to-use mobile
video platform that handles the full spectrum of sales and
enterprise learning, which has helped drive our strong results in
2017,” said Yuchun Lee, CEO and co-founder of Allego. “Our rapid
growth since our inception clearly shows that sales leaders,
enablement pros and trainers aren’t just looking for a traditional
learning management system – they’re demanding more effective,
modern sales enablement and training tools that prepare sales teams
with the skills and resources to tackle any selling situation.
We’re proud to meet this need with the powerful, elegant and
user-friendly Allego platform, and are well positioned for
continued success in 2018.”
Expanding Partner EcosystemAllego expanded its partner
ecosystem in 2017 to provide customers with enhanced content,
coaching and consulting. New partners include ASLAN Consulting, GP
Strategies, Greene Consulting, JBarrows, Strategy to Revenue (STR),
Taylor Strategy Partners (TSP), TeleTech, Wholesaler Masterminds
and Wilson Learning. Through its technology platform and alliances,
Allego demonstrates that effective sales training isn’t simply a
one-time event such as a boot camp or course; instead, it’s an
ongoing experience integrated into a sales rep’s daily tasks. These
partnerships help to bring industry-specific and structured sales
training content to Allego customers, further streamlining and
enhancing the sales learning process.
Other notable achievements in 2017 included:
- The release of Allego 4.3, which
strengthens support for sales organizations’ needs across the full
spectrum of learning – curriculum, reinforcement, and just-in-time
learning – with new tools to measure the value of training with
greater precision and more accurately target training investments.
It allows trainers and L&D professionals to share learning
management system (LMS) content through Allego to more effectively
reach Sales audiences.
- The company was named the SIIA CODiE
award winner for “Best Sales and Marketing Mobile Application of
2017.”
- Allego won Two Silver Stevie Awards in
the categories of “Customer Service Department of the Year –
Computer Software – Up to 100 Employees” and “Sales Training
Product of the Year.”
About AllegoHarnessing the convenience and power of
mobile, video and peer learning, Allego’s sales learning and
coaching platform reinvents sales training to help teams accelerate
time to competency, accurately deliver on message, confidently
handle objections and effectively articulate value. Enabling better
performance for tens of thousands of sales professionals across
high tech, financial services, medical device/life sciences and
other industries made Allego the 5th fastest-growing software
company on the 2017 Inc. 500 list. Explore further at
www.allego.com.
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AllegoAllison Rynak, +1 781-374-5846arynak@allego.comorMatter on
behalf of AllegoAlexandra Foley,
978-518-4558allego@matternow.com