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Outreach Stock (OUTR)
Outreach is a sales engagement platform that uses AI for predictive analytics as it relates to sales.
Outreach develops a sales engagement platform.
About Outreach Stock
Founded
2011
Headquarters
Seattle, WA, US
Total Funding
491M
Industries
Software, Artificial Intelligence, Data and Analytics
Outreach develops a "Sales Execution Platform" that aims to help clients improve interactions throughout the customer lifecycle. The platform claims to manage all customer interactions across email, voice, and social, and leverage machine learning to guide reps to take the right actions. Thousands of customers, including Cloudera, Glassdoor, Pandora, and Zillow use Outreach's software.
Outreach was founded in 2011 and is headquartered in Seattle, Washington. Notable investors include Spark Capital, Lone Pine Capital, and DFJ Growth.
Outreach Press Mentions
Stay in the know about the latest news on Outreach
Tech Moves: Outreach adds CMO and CRO to C-suite; AWS vet joins Synthesia; and more
geekwire ⢠Jan 17, 2025
Ask the Expert: How should I monetize AI agents?
geekwire ⢠Dec 23, 2024
Interview with new Outreach CEO Abhijit Mitra on how AI will impact salespeople
geekwire ⢠Dec 11, 2024
Outreach cuts 9% of workforce in latest layoffs at Seattle sales automation startup
geekwire ⢠Nov 11, 2024
Outreach CEO Manny Medina steps down, a decade after founding sales automation startup
geekwire ⢠Sep 17, 2024
Investors in Outreach
Discover investors in Outreach stock and explore their portfolio companies
Outreach Management
Leadership team at Outreach
Chief Executive Officer
Manuel Medina
Chief Financial Officer
Melissa Fisher
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Outreach Key Facts
⢠The platformâs subscription-based pricing model and high customer retention rates contribute to stable revenue growth over time. As Outreach expands its customer base and increases adoption of its platform, it benefits from economies of scale and operational efficiencies that drive profitability.
⢠Outreach has established strategic partnerships with leading CRM (Customer Relationship Management) providers, including Salesforce, Microsoft Dynamics, and others. These partnerships facilitate seamless integration with existing sales workflows and enhance the platformâs value proposition for customers.
⢠Outreach has expanded its customer base beyond its initial target market of technology companies to include diverse sectors such as financial services, healthcare, and professional services. This market diversification demonstrates Outreachâs ability to adapt its platform to meet industry-specific sales challenges and capitalize on broader market opportunities.
⢠Outreachâs revenue is heavily reliant on customer adoption and renewals of its subscription-based platform. A slowdown in customer acquisition, higher churn rates, or difficulty in expanding existing customer contracts could impact revenue growth and profitability.
⢠Outreach faces competition from established companies like Salesforce, HubSpot, and Microsoft Dynamics, as well as emerging startups specializing in niche aspects of sales automation and analytics.
⢠As the sales technology market matures, there is a risk of market saturation, where potential customers have already adopted competing solutions or are reluctant to switch providers. Pricing pressure is also a concern, as customers may negotiate for lower subscription fees or seek discounts, particularly in competitive bidding situations.
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