Company cements leadership position by continuing to produce strong results, achieving an annual growth rate of more than 140% since its inception
NEEDHAM, Mass.–(BUSINESS WIRE)–Allego, the modern sales learning and readiness platform, today announced strong business results for the first half of 2019, continuing the company’s year-over-year track record of strong revenue growth, industry-leading customer usage and renewal rates, and exceptional customer satisfaction.
So far this year, Allego has more than doubled the number of users on its platform and added many new blue-chip customers across industry segments, including Beacon Capital Management, Centrica Business Solutions, ClearFlow, DJO and HCL Software. The company also welcomed new executives to the leadership team: Joe Freitas as Chief People Officer, Faith Holway as Chief Financial Officer, and Wayne St. Amand as Chief Marketing Officer.
Strong First-Half 2019 Growth
Customer adoption of the Allego platform was most notable in the mid-market segment, with new SaaS subscriptions growing 170% year over year.
“We continue to see strong demand for our modern sales learning and readiness solution across customer types and industry segments,” said Yuchun Lee, CEO and co-founder of Allego. “Allego is already recognized as the gold standard for sales learning and readiness among large enterprises, but in the first half of 2019, we’ve seen a strong uptick in adoption from mid-sized organizations as well, strengthening Allego’s overall leadership position.”
Expanded Executive Team
Allego welcomed top executives to build upon the company’s deep bench of industry expertise:
- Joe Freitas: As Chief People Officer, Freitas oversees all aspects of Allego’s human resources management and is responsible for defining company vision, objectives and practices relating to talent. Previously, he served as Senior Vice President, Human Resources at an international cloud-based email management company where he was responsible for building the global HR organization and helped take the company public. Freitas brings more than 25 years of senior high-technology industry experience including multiple leadership roles in HR, employee coaching and building high-performance teams.
- Faith Holway: As Chief Financial Officer, Holway brings over 30 years of experience in high tech across various financial roles. Prior to joining Allego, she held an executive position at IBM, playing a leadership role in accelerating the growth of its cloud businesses and was directly involved in the acquisition and integration of several companies. Holway was also the VP of Finance and Corporate Controller at Unica before it was acquired by IBM in 2010.
- Wayne St. Amand: As Chief Marketing Officer, St. Amand is responsible for driving business expansion through the company’s global corporate and product marketing initiatives. A seasoned marketing leader, St. Amand most recently served as global CMO & SVP of Nielsen’s Marketing Effectiveness business unit and has a long track record of accelerating the growth of technology businesses, playing a key role in one IPO and three $100+ million exits.
Industry Awards and Accolades
In addition to strong business results, Allego received several industry awards and accolades in the first half of 2019. This includes a gold Stevie Award for Sales and Customer Service in the Sales & Marketing Mobile Application – New Version category; the Business of the Year Award from the Entrepreneurs’ Organization (EO) Boston, and recognition as a Leader on G2’s G2 Grid® for Onboarding and Sales Training Software. Allego also ranked #13 on Boston Business Journal’s Best Places to Work.
Record-Breaking Allego Sales Success Summit
More than 300 sales leaders, sales trainers, sales enablement, and learning and development professionals from over 100 leading brands attended Allego’s third annual Sales Success Summit (S3) customer conference in Boston. This year’s conference included workshops and more than 20 sessions led by Allego executives, thought leaders, partners and customers, including Dow Jones, TripAdvisor, Lincoln Financial Group, Tableau, Empower, and Workable, sharing best practices and insights to improve sales performance using Allego.
Allego’s modern sales learning and readiness platform ensures that reps have the skills and timely knowledge to make the most of each selling situation. Instead of traditional onboarding and sales training marathons–which are rapidly outdated and quickly forgotten–sales enablement and training teams use Allego to deliver the fresh, bite-sized learning that reps need to close deals in today’s dynamic business environment. Content is personalized for individual sellers as well as their selling situations, and mastered through reinforcement, on-the-job coaching, and peer collaboration. More than 150,000 professionals use Allego to onboard faster, deliver consistent messaging, rapidly adopt best practices, coach and practice more frequently, and collaborate more effectively. To learn more about Allego and modern learning, please visit www.allego.com.
Matter on behalf of Allego