Increased Demand for Allego’s Virtual Learning and Enablement Platform Leads to All-Time-Record Revenue and Bookings Results for the First Half of 2020
New customer wins, existing customer growth, strategic partnership and multiple industry accolades top the list of company achievements in First Half, 2020
Allego, provider of the market-leading learning and enablement platform for sales and other business-critical teams, announced exceptional business results during the first half of 2020. In the first six months of the year, Allego reported the highest first-half revenue and bookings results since its inception and remained cash flow positive through the period. Notably, Allego hit a new user count milestone, quadrupling its user base in the past 18 months and expanding its international footprint with customers in 65 countries across the globe.
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@AllegoSoftware hits milestones during first half of 2020, including record revenue and booking numbers, 140% YoY SaaS Subscription growth, key customer wins, and more. Check it out! https://bit.ly/39zGPX5
Allego’s growth was supported by SaaS subscriptions from new customers within the mid-market segment, which accelerated to more than 140% year-over-year growth. In addition, expansion from existing enterprise customers posted robust year-over-year growth of nearly 75%, which can be attributed to Allego’s Customer Success team who has worked tirelessly to help its clients transition to today’s virtual world.
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“There’s no doubt that the first half of 2020 has been incredibly challenging for organizations across the globe due to the impact of COVID-19,” said Yuchun Lee, CEO and Co-founder of Allego. “Our market leading virtual learning and enablement platform is now more essential than ever as organizations need to keep their teams trained, connected, and productive while working from home. As we head into the second half of the year, we’ll be building on our position as the market-leading learning and enablement platform by rolling out many more advanced capabilities designed to delight our customers and help drive their success.”
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