San Bruno, CA, February 27, 2018 – Today Sapho, the only portal designed for the modern digital workplace, announced record growth and adoption numbers from 2017. Sapho had its second consecutive year of more than 300% revenue growth, combined with 100% year-over-year growth of its customer base. In fact, the company added almost 10% of the Fortune 50 as customers in the last two quarters of 2017.
Over the course of the past year, Sapho also added 14 new product integrations and strategic partnerships with enterprise software leaders like Microsoft, IBM, SAP, Oracle, VMware, and BMC, in addition to raising $14 million of Series B funding. As a result of this record traction, Sapho Modern Portal is now uniquely positioned to influence the digital experience platform for employees (DXPe) market in 2018 and beyond.
“In 2017, large enterprises doubled down on their digital workplace transformation efforts with strategies designed to drive employee satisfaction and productivity,” said Sapho CEO Fouad ElNaggar. “CIOs and IT leaders have moved beyond just making sure the Wi-Fi works and email is up, and they are taking a strategic approach to driving bottom line results through digital innovations. Transforming moribund, hard-to-use enterprise systems interactions into highly desired, ‘consumer-like’ experiences is now table stakes to attract, empower, and retain the best employees. The growth rate of Sapho is a testament to large companies realizing that they can offer a modern experience to their employees without ripping and replacing their existing IT infrastructure.”
According to a recent survey, nearly 80% of IT decision makers at large enterprises, 45% of which were CIOs and CTOs, said they had big plans to modernize their enterprise apps in 2018. One of the most cited reasons for modernization was that the current crop of enterprise apps offer such poor user experiences that employees actually find them counterproductive – this includes so-called “modern” SaaS solutions that have essentially just migrated a client-server experience to the web browser. Sapho empowers employees with a modern portal that surfaces personalized and relevant tasks and data from all enterprise systems and enables bite-sized workflows to be completed within a consistent user experience, and across a myriad of channels and devices. Employees then benefit from simplified workflows and easier data access which improves their overall experience, job satisfaction, and productivity.
In addition to its 2017 revenue and customer success, Sapho also announced that its employee base has grown by over 50% in the last year, with the company adding new employees at both its headquarters in San Bruno, California and its office in Prague, Czech Republic. One of those key additions is Chief Revenue Officer, Marque Teegardin, who recently joined Sapho after leading the sales efforts at Mirantis and StoredIQ, which was acquired by IBM in 2013.
Over the course of 2017, Sapho appeared on CRN’s Emerging Vendors list twice, was recognized as a “Cool Vendor” by Gartner, Inc., and was named one of StartUp50’s Startups of the Year. Most recently, Forrester Research published a case study featuring Sapho customer CBS Interactive that highlights how, in 2017, Sapho Modern Portal helped the media company “increase app adoption, spur collaboration between employees and the tech organization, introduce more self-service into the workforce, and simplify its application management.”
To download the case study and learn more about how Sapho helped CBS Interactive, click here.
Sapho empowers the enterprise workforce with a digital experience platform for employees (DXPe) that triples employee satisfaction and productivity while accelerating the speed of business. As the only portal designed for the modern digital workplace, Sapho surfaces personalized and relevant tasks and information from existing systems and delivers them through micro apps pushed to any device, intranet, or messenger. The result is a continuous, consistent experience across all systems employees use to complete work and make decisions. Sapho is used by customers in all industries to streamline their internal workflows, enable smart decision-making, and increase employee effectiveness and satisfaction. Sapho was founded in 2014 and is headquartered in San Bruno, CA. For more information, visit www.sapho.com.