Key achievements include multiple blue-chip customer wins, a 2x increase in active users, and sustained market momentum with 140% compound annual revenue growth rate since the company’s inception
NEEDHAM, Mass.--(BUSINESS WIRE)--Allego, provider of the market-leading learning and readiness platform for sales and other teams, today announced strong business results as the company looks ahead to 2020. In 2019, the market leader saw record growth from existing customers as well as deployments from new customers, specifically in Q4 when Allego reported its best quarter in company history for both net-new and existing customer deals. As a result, Allego saw significant market momentum and results that sustained a 140% compound annual revenue growth rate, an achievement the company has been able to maintain since its inception. Allego also rolled out multiple enhancements to its learning and readiness platform throughout the year on top of receiving industry validation for its 2019 achievements, which came in the form of seven award recognitions and its inclusion in Gartner’s Market Guide for Sales Engagement Platforms.
Click to Tweet: @AllegoSoftware hits key momentum milestones in 2019, doubling its active user base and achieving strong YoY SaaS revenue growth thanks to new product enhancements and customer wins across industries. http://bit.ly/32xlBFL
“2019 was a record-breaking year for Allego in terms of platform adoption, customer wins, user engagement, and third-party validation, which proves that our investments in our technology and customers’ success continue to solidify our position as the market leader,” said Yuchun Lee, CEO and co-founder of Allego. “As we look ahead to 2020, our goal is to build on this momentum, which we have been able to maintain since the company was founded, while continuing to provide a world-class learning and readiness platform that fits within the flow of work for today’s agile sales organizations and other teams across the whole enterprise.”
Key Customer Wins
Allego’s success in 2019 included the addition of multiple, notable customer wins across the company’s core verticals -- financial services, life sciences and high tech -- including Applause, Ameritas, Hexagon PPM, Higher Logic, Jackson National Life Insurance, Kronos, Melinta Therapeutics, Nextech Systems, ReversingLabs and Therapeutics MD. The company also saw significant growth in new industries, including energy, manufacturing, and telecommunication. Global use of the Allego platform also continued to grow aggressively, with adoption now spanning more than 160 countries.
Jackson, a leading provider of retirement products for industry professionals and their clients, recently turned to Allego for help with training and onboarding their internal wholesalers. “We initially implemented Allego for 2 of our 9 sales teams, but the teams quickly embraced Allego and built up a repository of best practices we could share across the organization to improve everyday selling,” said Annabel Chynces, Director of Professional Sales Development at Jackson National Life Distributors LLC (JNLD). “In our first year with Allego, we’ve seen the relationships between internal and external wholesalers deepen as the result of peer collaboration. I’m thrilled to see the impact on the organization so far and look forward to seeing what our team can do with Allego in the future.”
A true testament to the company’s success in the past year was the spike in user engagement across the Allego platform. In addition to doubling its number of active users, Allego also saw a 100 percent increase in user activity. This growth in adoption and engagement brought the total amount of material created by customers and stored in Allego to well over one million pieces of rich-media content. The increases in adoption and engagement can be attributed to the multiple product enhancements rolled out in 2019. Most recently, the company unveiled the future of sales team and employee development with its latest platform release. The updates to the Allego platform were designed to align with Allego’s new, agile approach to learning and readiness that delivers powerful results in the flow of employees’ daily work.
Strategic Partnership with Seismic
In a continued effort to deliver the most comprehensive sales learning approach to customers, Allego and Seismic completed a technology integration, which combines Allego’s leading sales learning and readiness platform with Seismic’s best-in-class solution for sales content enablement.
Allego’s efforts in 2019 were further validated by its multiple award wins, which recognized its executive leadership, technology innovations and corporate initiatives. The Allego learning and readiness platform received five awards last year from notable industry organizations such as Brandon Hall Group, Best in Biz Awards, CLO Magazine, The Stevie Awards and BISA. On a corporate level, the company was ranked on Boston Business Journal’s Best Places to Work list for the second straight year and received the Business of the Year Award from the Entrepreneurs’ Organization (EO) Boston.
Additionally, the company was included as a “Representative Vendor” in Gartner’s Market Guide for Sales Engagement Platforms, which cited Allego’s customer focused roadmap that includes email client integration, social feeds, and localization of the product in 11 languages.
Allego’s agile learning and readiness platform ensures that sales reps and other employees have the skills and timely knowledge to make the most of each selling situation or initiative. Instead of traditional onboarding and training marathons–which are rapidly outdated and quickly forgotten– enablement and training teams use Allego to deliver the fresh, bite-sized learning that employees need to close deals in today’s dynamic business environment. Content is personalized and mastered through reinforcement, on-the-job coaching, and peer collaboration. More than 200,000 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 agile learning and readiness, please visit www.allego.com.
Matter on behalf of Allego