Connect with us

Hi, what are you looking for?

Jewish Business News

Business

Israeli Startup Glassbox Looks to TASE IPO

It expects a $350 million valuation.

Glassbox, an Israeli company that provides digital analytics for web and mobile applications, has filed for an initial public offering on the Tel Aviv Stock Exchange (TASE). According to a report in Globes, the company expects to raise $50-70 million from its TASE IPO which would give it a total valuation of about $350 million.

Founded in 2010 by COO Yoav Schreiber, Yaron Gueta and Hanan Blumstein, Glassbox boasts that it empowers organizations to create frictionless digital journeys for their customers. “Our digital experience analytics platform works in real time, across mobile apps and websites, to accelerate customer loyalty and business growth,” states the company.

Glassbox says that its mission is to help Enterprises prepare for the digital unknown. This is done via the first analytics platform to automatically record, index and analyze 100% of digital interactions. Glassbox lets large enterprises and midmarket organizations, “intuitively align their digital experiences with actual customer expectations, providing greater brand affinity, loyalty, satisfaction and safety.” Glassbox explains that it visualizes every customer journey and interaction in real-time and provides actionable insights so companies can quickly adjust or modify their experience to satisfy customer demands.

In 2020, the company posted $31 million in revenue, up 40% from 2019. However, this constituted a net loss of $14 million. But that can be explained by worldwide recession caused by the Covid pandemic.

Some say that Glassbox is a good bet for future growth seeing how just last October the company acquired its British competitor SessionCam, a digital customer experience provider, for $20 million.

At the time of the acquisition the Glassbox CEO Yoram Morgenstein said, “Our acquisition of SessionCam advances our mission to provide greater insight and value into how companies engage with their customers online by creating frictionless digital journeys. We found a true partner and shared set of values with SessionCam, and we are excited to welcome such a hardworking and talented team that has worked for a decade to improve the digital experience of millions of people across the world.”

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Newsletter

Advertisement

You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...

Travel

After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

empty

The contract signed between the Israeli government and Pfizer shows clearly and unequivocally that this is a clinical study on humans - The agreement...

Business

Now Platika joins and elite club of $10 billion plus Israeli firms.

Advertisement
cialis