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Seismic surpasses $200m in annual revenue run rate

by LLB Finance Reporter
8th Jul 21 12:17 pm

Seismic, the global leader in sales enablement, today announced it has surpassed $200 million in annual revenue run rate.

The revenue achievement is the latest highlight in a string of major milestones for Seismic, which recently finished its best first quarter in company history, adding more than 50 new customers. In Europe and Asia-Pacific (APAC), Seismic recorded 182% year-over-year sales growth, and recently named Heather Cook as Vice President, APAC, to spearhead its expansion in Australia, New Zealand, and other Asian markets. The company also filled key executive positions during the last year including its first-ever chief product officer, and increased global headcount by 200 for a total of 1,000+ employees worldwide.

“Seismic is the clear market leader for sales enablement solutions, as evidenced by our growth and overall revenue, high customer satisfaction, and leading positions in various industry reports,” said Doug Winter, CEO and co-founder, Seismic. “Seismic has consistently led the market in sales enablement innovation, including during the past 12 months with our delivery of interactive content, social selling, advanced analytics, and most recently, new AI capabilities. We are thrilled to be working with top brands worldwide to help them accelerate deal cycles, improve win rates, and exceed overall revenue growth targets.”

Seismic is consistently recognised as the category leader by major analyst firms, and has been named to the Forbes Cloud 100 and Deloitte Technology Fast 500 in consecutive years. In September 2020, Seismic raised $92M in its Series F funding round, for a total of $270M raised to-date. In December 2020, the company acquired Grapevine6, a leading social sales engagement solution now known as Seismic LiveSocial.

“It’s been a busy 12 months for Seismic in EMEA since we opened our Paris and Dusseldorf offices last year. As the market has continued to blossom, our position as the global sales enablement leader has enabled us to help local businesses adapt to new ways of working and capitalise on the opportunities available to them,” said Kevin O’Regan, EMEA Senior Vice President at Seismic. “And this is just the beginning. With new customers such as Uberall and Maersk coming aboard, we’re in a stronger position than ever to support local businesses as they transform their go-to-market processes.”

“When I joined Nintex, I wanted to accomplish three goals: deepen the partnership between sales and marketing, administer more sales plays through our existing tech stack, and measure the impact and effectiveness of our sales content. Seismic helps us to do all three,” said Dustin Grosse, Chief Marketing and Strategy Officer, Nintex. “More importantly, our work with Seismic has helped us achieve our revenue goals and deliver higher rates of customer satisfaction. We’re proud to have Seismic on our side as we continue driving our enablement journey forward.”

“The sales SaaS space is growing rapidly,” said Pete Solvik, managing director at Jackson Square Ventures, investor and board member at Seismic. “Since leading its Series A in 2013, I’ve been thrilled to see Seismic emerge as the sales enablement market leader. Seismic is delivering tremendous value to its customers, and it’s wonderful to see that value reflected in Seismic’s revenue growth and overall momentum.”

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