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Pendo’s Fast Growth Continues in Third Quarter

Highlights of Pendo’s third quarter include a Series D fund raise, significant customer, bookings and hiring growth, major product launches, and national and local recognition. Check out the news release below:

RALEIGH, NC — NOVEMBER 8, 2018 — Pendo, creator of the leading product cloud for digital products and data-driven product teams, today reported highlights from the third quarter of its fiscal year, which ended October 31, 2018. Q3 milestones include a 141% increase in bookings year over year and 100 new customers, which include one of the world’s largest health care diagnostics companies, a top 10 U.S. retailer, B2B SaaS companies, firms in industries like fantasy sports, construction, restaurant management, and government technology and a Brazilian taxi hailing app.

New customers include: Integral Ad Science, Sumo Logic, DataRobot, Patreon, CivicPlus, athenahealth, BuildingConnected, Voxy, Restaurant365, Simpli.fi, LogRhythm, Omnicom Group, 99app, Widen, and Keysight Technologies.

“It was a buzzy quarter for Pendo, with funding news, awards and important customer wins,” said CEO and co-founder Todd Olson. “Product continues to grow in prominence in modern software organizations, and that’s evident as our customer base diversifies and our capabilities appeal to a broader set of roles. I’m proud of our team for achieving these milestones and maintaining this fast pace of growth.”

Other highlights of the quarter include:

About Pendo

Pendo is a product cloud that provides user insight, user guidance and user communication for digital product teams. With Pendo, these product teams can understand product usage, collect feedback, measure NPS, onboard users, and announce new features in app—all without requiring engineering resources. Founded in 2013 in the heart of Raleigh and backed by Battery Ventures, Spark Capital, Meritech Capital and Sapphire Ventures, Pendo has raised $106 million and counts nearly 700 customers, including Zendesk, Salesforce, Coupa, Gainsight, BMC, and Sprinklr. Pendo is also the producer of ProductCraft, a destination editorial site with insights by and for product leaders; and Pendomonium, a premier product conference. For more information, visit: www.pendo.io


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