Published On: Tue, May 18th, 2021

WalkMe Website Navigation Startup Files for NASDAQ IPO

The company also revealed its recent revenues.

The Israeli startup WalkMe, provider of digital adoption solutions, has revealed its plans for an initial public offering to be held on the NASDAQ. The company has filled its Form F-1 with the U.S. Securities and Exchange Commission (“SEC”) relating to the proposed IPO of its ordinary shares. The number of shares to be offered and the price range for the proposed offering have not yet been determined. WalkMe has applied to list its ordinary shares on the Nasdaq Global Select Market under the ticker symbol “WKME.”

The company also revealed that it recorded revenue of $157 million between the end of March 2020 and the end of March 2021.

Founded in 2011 by CEO Dan Adika and company president Rafael Sweary as a guidance and navigation tool, WalkMe declares its mission is to make digital adoption for employees and customers simple, while increasing enterprise productivity. Its Digital Adoption Platform (DAP) began as a platform-agnostic guidance system to simplify user experience. But, explains WalkMe, due to the needs of their customers, they have since developed new ways to identify and engage users across platforms and devices.

WalkMe states that its cloud-based Digital Adoption Platform enables organizations to “measure, drive and act to ultimately accelerate their digital transformations and better realize the value of their software investments.” Its code-free platform leverages a proprietary technology to provide visibility to an organization’s Chief Information Officer and business leaders, “while improving user experience, productivity and efficiency for employees and customers. Alongside walkthroughs and third-party integration capabilities, our platform can be customized to fit an organization’s needs.”

Users can create data-driven experiences with complete visibility into the tech stack as they measure, drive, and act to ultimately maximize the impact of their digital transformation strategy.

CEO Dan Adika says, “Impact has been the fuel to our engine from the start and remains a driving force in the company today. WalkMe’s Digital Adoption Platform has made an incredible impact on how organizations get the most out of their digital assets. This comes back to our team, creating an environment where every employee is able to make an impact on our product, process and strategy. “

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