Podium (company)

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]

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

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". Forbes.
  2. "Podium: An interaction and payments platform for local businesses". Y Combinator. Retrieved 2022-10-05.
  3. "Podium helps businesses improve online reviews with a simple text : Silicon Slopes". siliconslopes.com. Retrieved 2016-05-06.
  4. "Podium, Inc.: Private Company Information - Businessweek". www.bloomberg.com. Retrieved 2016-05-06.
  5. Raymond, Art (Jul 2, 2017). "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". TechCrunch. Retrieved 2020-03-03.
  7. "Utah's Podium scores $201M in new funding as valuation tops $3 billion". Deseret News. 2021-11-15. Retrieved 2022-09-06.
  8. Wilhelm, Alex (2021-11-15). "Utah's Podium raises pre-IPO round, boosting its valuation to $3 billion". TechCrunch. Retrieved 2022-09-12.
  9. "Podium Review 2022 | Best Text Message Marketing Services - businessnewsdaily.com". Business News Daily. Retrieved 2022-09-12.
  10. "Podium Review 2022 | Best Text Message Marketing Services". business.com. Retrieved 2022-09-12.
  11. "Latest News | MWCN". www.mwcn.org. Retrieved 2016-09-28.
  12. "MountainWest Capital Network Names FireFly Automatix the Fastest Growing Company in Utah for the Second Year in a Row". Mountain West Capital Network. Retrieved 2017-11-17.
  13. "Podium Hits $1m MRR in 12 Months, $4m Raised with 6500 SMB Customers sub 1% Churn with CEO Eric Rea - Nathan Latka". Nathan Latka. 2016-12-30. Retrieved 2017-01-25.
  14. "Highest Rated CEOs at SMBs". Glassdoor. Retrieved 2017-11-17.
  15. "UV50 Startups to Watch: No. 1 Podium - UtahValley360". UtahValley360. 2017-09-21. Retrieved 2017-11-17.
  16. "Medium Companies: Best Companies to Work For - Utah Business". utahbusiness.com. Retrieved 2017-12-08.
  17. "Best Places to Work". Glassdoor. Retrieved 2017-12-08.
  18. "The votes are in, and Podium is one of America's Best Workplaces of 2018!". Inc.com. Retrieved 2018-08-21.
  19. "The Cloud 100 2021". Forbes.
  20. "Next Billion-Dollar Startups 2020". Forbes.
  21. https://www2.deloitte.com/content/dam/Deloitte/us/Documents/technology-media-telecommunications/us-tmt-fast500-2018-winners-ranking.pdf
  22. "The World's Most Innovative Companies 2019: Enterprise Honorees".
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