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Bloomreach Stock (BLOO)

Cloud Marketing Platform

Bloomreach offers a digital experience platform built for brands, retailers and B2B companies who want to grow their revenue online while delivering each of their customers a personalized experience. Bloomreach provides a suite of tools to help businesses adapt quickly to changes in touchpoints, channels, and customer expectations. Bloomreach was founded in 2008 and is headquartered in Mountain View, California with additional offices in Amsterdam, Boston, London, Dallas, Bangalore, and Munich. Notable investors in Bloomreach include Salesforce Ventures, Lightspeed Venture Partners, and Bain Capital Ventures.

About Bloomreach Stock

Founded

2008

Headquarters

Mountain View, CA, US

Total Funding

444M

Industries

Software, Sales and Marketing, Information Technology

Bloomreach develops a digital experience platform for customers such as brands, retailers, and B2B companies. Bloomreach claims its platform provides a suite of tools to help businesses adapt quickly to changes in touchpoints, channels, and customer expectations. Bloomreach's products include Engagement, Discovery, and Content.

Bloomreach was founded in 2008 and is headquartered in Mountain View, California with additional offices in Amsterdam, Boston, London, Dallas, Bangalore, and Munich. Notable investors in Bloomreach include Salesforce Ventures, Lightspeed Venture Partners, and Bain Capital Ventures.

Investors in Bloomreach

Discover investors in Bloomreach stock and explore their portfolio companies

Bloomreach Management

Leadership team at Bloomreach

Chief Executive Officer

Raj De Datta

Chief Financial Officer

Dave Pomeroy

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Bloomreach Key Facts

  • Bloomreach has seemingly exhibited strong financial performance over the years as well as valuation growth. In 2022, the company reported more than $150 million in ARR and raised a $17.5 million round led by Goldman Sachs Asset Management which valued the comapny at $2.2 billion. In 2024 Bloomreach said that it crossed the $200 million revenue mark which may demonstrate a strong market position for a potential IPO.
  • Bloomreach announced the expansion of its global presence with a stronger focus on the Asia-Pacific region, appointing Kris Fagan as Vice President for APAC. Fagan will be responsible for driving regional growth, strengthening parternships, and enhancing customer experience. There is a huge potential opportunity to expand to the APAC region as it is a "beacon of digital innovation and commerce growth" and could offer Bloomreach more customers and higher sales, leading to a larger market presence. The company also announced plans to expand its operations in Spain and Italy which will include new sales and partnership team hires and could allow the company to further increase its global footprint.
  • Bloomreach has announced multiple product enhancements and features in 2024 including what it touts as its next generation marketing automation platform, Bloomreach Engagement. Bloomreach hopes this newly redefined platform will reach wider audiences, with deeper personalization, at a greater scale and alllow marketers to unlock new levels of customer engagement. In December 2024, Bloomreach announced a new set of partner-specific features to accelerate integrations with its next generation of AI search and merchandising platform, Bloomreach Discovery. The company hopes that their partners will be able to streamline implementations, remove reliance on technical support, and ultimately strengthen customer engagement. All of these product updates and features show Bloomreach's commitment to innovation and to its partners and customers.
  • The e-commerce personalization and marketing automation space is highly competitive with numerous players offering similar solutions. This could become a challenge for Bloomreach's market share and growth prospects.
  • Bloomreach could face regulatory challenges. In July of 2024 the Federal Trade Commission issued eight inquiries to financial technology companies as it began to investigate how artificial intelligence is used for e-commerce pricing optimization. The FTC is looking into how "surveillance pricing" has potential impacts on privacy, competition, and consumer protection. Bloomreach was one of the companies that received the order and if the FTC decides to pursue regulatory changes, Bloomreach could potentially face operational challenges which could impact its growth.
  • Bloomreach's expansion into new regions such as APAC and Europe could introduce operational challenges driven by such as cultural differences, market entry barriers, and the need for localized strategies. This could affect the company's health and performance in these markets.

Trading Bloomreach Stock

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