Company
CVE:WISH
Wishpond Technologies Ltd is a provider of marketing-focused online business solutions based out of Vancouver, British Columbia. Wishpond’s vision is to become the leading provider of digital marketing solutions that empower entrepreneurs to achieve success online. The company offers an “all-in-one” marketing suite that provides companies with marketing, promotion, lead generation, and sales conversion capabilities from one integrated platform. Wishpond replaces entire marketing functions in an easy-to-use product, for a fraction of the cost. Wishpond serves over 3,000 customers who are primarily small-to-medium size businesses (SMBs) in a wide variety of industries. The company has developed cutting-edge marketing technology solutions and continues to add new features and applications with great velocity. The company employs a Software-as-a-Service (SaaS) business model where substantially all the company’s revenue is subscription-based recurring revenue which provides excellent revenue predictability and cash flow visibility.
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The company noted that Pais is an experienced, growth-oriented CFO, having worked at several technology companies in Vancouver over the last twenty years
"Winback is a great strategic fit with our current product offerings and its cross-sell opportunities are expected to increase our customer lifetime value,” Wishpond chairman and CEO Ali Tajskandar said
The company offers an ‘all-in-one’ online services platform which allows businesses to operate and analyze all aspects of their sales and digital marketing
"The synergistic attributes of this tuck-in acquisition are apparent and can be leveraged immediately with Wishpond's existing customer base to drive sales and customer retention," the company's chairman and CEO Ali Tajskandar said
According to analysts, Wishpond’s “growth looks impressive” as the Canadian digital marketing company is projected to register 75% revenue growth in 2021 of C$14.4 million, and C$20.5 million in annual revenue in 2022
For the period ended September 30, 2021, Wishpond achieved a record quarterly revenue of $3.9 million during 3Q of 2021, compared to $2.09 million in 3Q of 2020
PersistIQ is now integrated into Wishpond's operations and achieving significant growth thanks to the scaling of its sales team and introduction of new product enhancements and service packages
Desjardins reported that Wishpond is a fast-growing, software as a service-based marketing technology company with annual recurring revenue of $15 million
The research firm shared that Wishpond’s CEO Ali Tajskandar acquired about 82,200 shares of his company on the open market
The integration allows Wishpond Appointments to connect seamlessly with Zoom allowing Wishpond's 3,000+ customers to easily create virtual meetings
