Company:Podium

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Short description: American software company
Podium
TypePrivate
IndustrySoftware
Founded2014
HeadquartersLehi, Utah, United States
Key people
Eric Rea, Co-Founder, Dennis Steele, Co-Founder
ProductsOnline Reputation Management, Customer interaction management, Customer Relationship Management, Contactless Payments
RevenueIncrease $100 Million(2019)[1]
Number of employees
1,300
Websitehttps://www.podium.com

Podium is a private technology company headquartered in Lehi, Utah that develops cloud-based software related to messaging, customer feedback, online reviews, selling products, and requesting payments.[2]

History

Podium was founded in 2014 by Eric Rea and Dennis Steele, who developed a tool to help small businesses "build their online reputation" through online reviews.[3] Podium was initially known as RepDrive[4] before rebranding as Podium in 2015. In 2015, Podium moved from a spare bedroom to a new location above a Provo bike shop.[5] In March 2020, Podium added payments technology to its product suite.[6] In November 2021, Podium raised $201 million in Series D funding and was valued at $3 billion.[7][8]

Product

Podium is a software-as-a-service platform designed to improve business online reputation.[9] It helps users manage business interactions in one tool. Users can communicate reviews, texts, chats, and post payment directly within the app.[10]

Awards and recognition

  • Podium was named one of the "Emerging Elite" by Mountain West Capital Network in 2016 and 2017.[11][12]
  • Podium's CEO Eric Rea was interviewed for "The Top" podcast in December 2016.[13]
  • Eric Rea was named one of the "highest rated CEOs" by Glassdoor in June 2017.[14]
  • Named the "No. 1 Startup to Watch" by Utah Valley Magazine in September 2017.[15]
  • Named Utah Business Medium Companies Best Companies to Work for in December 2017.[16]
  • Ranked 16th on Glassdoor's "Best Places to Work" list in 2018.[17]
  • Ranked 13th on the 2018 Inc. 5000.[18]
  • Listed on Forbes ' 2018 and 2021 "Cloud 100".[19]
  • Recognized by Forbes as one of their "Next Billion-Dollar Startups" .[20]
  • Ranked as the ninth fastest growing technology company, public or private, by Deloitte in 2018 [21]
  • Named by Fast Company as one of the "World's Most Innovative Companies" in 2019 [22]

References

  1. "When These Entrepreneurs First Pitched Podium, A VC Analyst Walked Out on Them. Now, Their Company Does over $100 Million in Annual Revenue". https://www.forbes.com/sites/stevenli1/2020/07/02/podium-interaction-management-growth-journey/#:~:text=Just%20six%20years%20later%2C%20Podium,local%20businesses%20they%20interact%20with.. 
  2. "Podium: An interaction and payments platform for local businesses." (in en). https://www.ycombinator.com/companies/podium. 
  3. "Podium helps businesses improve online reviews with a simple text : Silicon Slopes". http://siliconslopes.com/blog/2015/08/25/podium-helps-businesses-improve-online-reviews-with-a-simple-text/. 
  4. "Podium, Inc.: Private Company Information - Businessweek". https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapid=269117567. 
  5. Raymond, Art (Jul 2, 2017). "Utah’s Podium set to spend $10 million on new digs, add 400 jobs". https://www.deseret.com/2017/7/2/20615175/utah-s-podium-set-to-spend-10-million-on-new-digs-add-400-jobs. 
  6. "Podium rolls out payments for its customer-focused local-business SaaS service" (in en-US). http://social.techcrunch.com/2020/03/02/podium-rolls-out-payments-for-its-customer-focused-local-business-saas-service/. 
  7. "Utah’s Podium scores $201M in new funding as valuation tops $3 billion" (in en). 2021-11-15. https://www.deseret.com/utah/2021/11/15/22783105/how-utah-podium-fared-latest-funding-round-communications-platform-silicon-slopes. 
  8. Wilhelm, Alex (2021-11-15). "Utah's Podium raises pre-IPO round, boosting its valuation to $3 billion" (in en-US). https://techcrunch.com/2021/11/15/utahs-podium-raises-pre-ipo-round-boosting-its-valuation-to-3-billion/. 
  9. "Podium Review 2022 | Best Text Message Marketing Services - businessnewsdaily.com" (in en). https://www.businessnewsdaily.com/16139-podium.html. 
  10. "Podium Review 2022 | Best Text Message Marketing Services" (in en). https://www.business.com/reviews/podium/. 
  11. "Latest News | MWCN". http://www.mwcn.org/latest-news/. 
  12. "MountainWest Capital Network Names FireFly Automatix the Fastest Growing Company in Utah for the Second Year in a Row" (in en-US). Mountain West Capital Network. http://www.mwcn.org/2017/10/10/mountainwest-capital-network-names-firefly-automatix-the-fastest-growing-company-in-utah-for-the-second-year-in-a-row/?m_id=Wbsvb. 
  13. "Podium Hits $1m MRR in 12 Months, $4m Raised with 6500 SMB Customers sub 1% Churn with CEO Eric Rea - Nathan Latka" (in en-US). Nathan Latka. 2016-12-30. http://nathanlatka.com/thetop524/. 
  14. "Highest Rated CEOs at SMBs" (in en). https://www.glassdoor.com/Award/Highest-Rated-CEOs-at-SMBs-LST_KQ0,26.htm. 
  15. "UV50 Startups to Watch: No. 1 Podium - UtahValley360" (in en-US). UtahValley360. 2017-09-21. https://utahvalley360.com/2017/09/21/uv50-startups-watch-no-1-podium/. 
  16. "Medium Companies: Best Companies to Work For - Utah Business" (in en-US). https://utahbusiness.com/medium-companies-best-companies-to-work-for-2017/. 
  17. "Best Places to Work" (in en). https://www.glassdoor.com/Award/Best-Small-and-Medium-Companies-to-Work-For-LST_KQ0,43.htm. 
  18. "The votes are in, and Podium is one of America's Best Workplaces of 2018!" (in en). https://www.inc.com/profile/podium. 
  19. "The Cloud 100 2021". https://www.forbes.com/cloud100/#7be6e5f55f94. 
  20. "Next Billion-Dollar Startups 2020". https://www.forbes.com/sites/amyfeldman/2020/05/28/next-billion-dollar-startups-2020/. 
  21. https://www2.deloitte.com/content/dam/Deloitte/us/Documents/technology-media-telecommunications/us-tmt-fast500-2018-winners-ranking.pdf [bare URL PDF]
  22. "The World's Most Innovative Companies 2019: Enterprise Honorees". https://www.fastcompany.com/most-innovative-companies/2019/sectors/enterprise. 

External links