With nearly 1,000 brand customers managing
more than three million locations through its platform, SOCi
solidifies its leadership in the CoMarketing Cloud category
SAN
DIEGO, Aug. 1, 2024 /PRNewswire/ -- SOCi, Inc.,
the CoMarketing Cloud for multi-location enterprises, today proudly
announced it has reached a significant milestone: achieving
$100M in annual recurring revenue
(ARR) and joining the elite ranks of global centaur companies. This
achievement, seven times rarer than unicorns, is a powerful
testament to SOCi's relentless commitment to innovation and its
significant impact on digital marketing.
"Reaching this milestone is a testament to our relentless drive
to innovate and solve complex problems, delivering exceptional
value to our customers," said Afif
Khoury, Founder and CEO of SOCi. "As SOCi marches ahead, we
are driven by a higher calling—to evolve software from tools we
use, into platforms that can be trained to work for us. This
achievement marks just the beginning of our continued pursuit of
excellence and category-leading solutions for this ever-evolving
marketing landscape."
Impressive Growth and Expansion
Since its market debut
in 2014, SOCi's journey to centaur status has been marked by
consistent, impressive growth. Recognized as one of America's
fastest-growing privately held companies by Inc. 5000 for the past
six consecutive years and featured in the Deloitte Technology Fast
500™ for the past two years, SOCi has demonstrated resilience
through economic challenges, including the COVID-19 pandemic. From
2020 to 2023, SOCi achieved a remarkable 334% revenue growth and
expanded its workforce by 277%, enhancing its leadership team with
industry veterans from Salesforce, Oracle, Blackbaud, Gong,
Seismic, and more. Serving nearly 1,000 customers—including Ace
Hardware, Self Esteem Brands, Liberty Tax, Mutual of Omaha
Mortgage, and Sport Clips—and managing over three million locations
globally, SOCi has cemented its position as a leading enterprise
technology partner.
Category Leadership and Accolades
SOCi has been named
a top 5 Best Marketing and Digital Advertising Product and top 50
Best Software Products in G2's 2024 Best Software Awards, and
continued to maintain G2 Leader status in 12 additional key digital
marketing categories. Additionally, the company has received
continuous recognition for its service model, being named Best
Marketing Supplier in Entrepreneur's Top Franchise Suppliers list
five times running, and for its innovation, recently being named
one of Fast Company's World's Most Innovative Companies.
Product Innovation, Artificial Intelligence and Strategic
Partnerships
Over the last two years, SOCi has been at the
forefront of adopting AI and developing autonomous workflows into
its marketing platform, building the first-of-its-kind CoMarketing
Cloud powered by SOCi's groundbreaking Genius AI technology.
Recently SOCi released the first three next-generation autonomous
marketing applications on the CoMarketing Cloud: Genius Reviews,
Genius Social, and Genius Search. These AI-driven solutions enable
customers to automate time-intensive tasks, extract actionable
insights from comprehensive analytics, and execute highly effective
marketing strategies with ease.
According to Alo Sarv, SOCi's
Co-Founder and CTO: "Our Genius AI solutions are engineered to do
the work of 1,000 marketers, taking the heavy lifting out of
digital marketing and empowering our customers to achieve more with
less effort and drive real, tangible results."
SOCi's relentless focus on innovation has also been bolstered by
strategic partnerships that demonstrate its commitment to
delivering comprehensive, all-encompassing solutions that meet the
evolving needs of multi-location enterprises. In the last year
alone, SOCi has forged integrations and strategic partnerships with
AWS, Microsoft, Google, Punchh, Olo, Smarsh, IBM, Salesforce and
many more.
New Growth Vectors
As the platform of record for
hundreds of brands, SOCi will continue to develop new products with
proven demand from its customers, while also seeking to find new
integrations, partnerships and acquisitions that make sense to
drive value for its customers. The company is expanding into
high-growth verticals such as financial services, insurance, and
healthcare, driven by demand for tailored marketing solutions.
Additionally, SOCi is exploring new geographies, including
Europe and APAC.
"While SOCi has already posted impressive growth metrics, it's
even more remarkable when you factor in the numerous growth vectors
still available to us—expanding into new verticals, exploring new
geographies, developing innovative products, upselling AI-driven
workflows, and strategically executing acquisitions," Khoury said.
"Each of these avenues offers substantial opportunities to further
accelerate our growth and solidify SOCi's market leadership."
To learn more about SOCi's groundbreaking journey and how its
cutting-edge solutions can transform your own localized marketing
efforts, visit www.soci.ai.
About SOCi
SOCi is the leading CoMarketing Cloud for
multi-location enterprises. We empower nearly 1,000 brands like
Ford, Ace Hardware, Jersey Mike's, Kumon, and more to automate and
scale their marketing efforts across all locations and digital
channels. Through the use of best-in-class generative AI and
machine learning, the SOCi Genius platform provides multi-location
enterprises with actionable insights and recommendations while
automating their most important workflows at scale. With SOCi,
businesses can strengthen their digital presence across local
search and social pages while protecting their online reputation,
driving improved customer engagement and market leading results. To
learn more about how SOCi can help fuel your localized marketing
success, please visit us at www.soci.ai or message us at
hello@meetsoci.com.
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