News Formal

Monday.com's Outsized Investment in Productivity Software Market

  • 📰 NewYorker
  • ⏱ Reading Time:
  • 26 sec. here
  • 9 min. at publisher
  • 📊 Quality Score:
  • News: 38%
  • Publisher: 67%

Technology News

Monday.Com,Productivity Software,Workflow Management

Monday.com, a productivity software company, has received a significant investment due to the lucrative nature of workflow management services. Other companies in the same category, such as Trello and Wrike, have also experienced successful acquisitions. Monday.com's user growth has supported a successful IPO, valuing the company at over seven billion dollars.

This outsized investment makes sense when you consider the changes that have taken place in the productivity-software market. Monday.com claims to help knowledge workers collaborate better: “Boost your team’s alignment, efficiency, and productivity by customizing any workflow to fit your needs.” This objective might sound dry in our current moment of flashy social apps and eerie artificial intelligence, but helping organizations manage their workflows has proved to be surprisingly lucrative.

Trello, one of the early success stories from this category, was launched in 2011 as a side project by an independent software developer. In 2017, it was purchased by Atlassian for four hundred and twenty-five million in cash and stock. Another workflow-management service, named Wrike, subsequently sold for $2.25 billion. For its part, Monday.com went on to leverage the user growth generated by its advertising push to support a successful I.P.O. that valued the company at over seven billion dollar

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 90. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Hong Kong, Japanese stocks climb MondaySupported by world-class markets data from Dow Jones and FactSet, and partnering with Automated Insights, MarketWatch Automation brings you the latest, most pertinent content at record speed and with unparalleled accuracy.
Source: MarketWatch - 🏆 3. / 97 Read more »

Massive Building Growth Presents Investment OpportunityThe world will have to add the equivalent of an entire New York City to the world every month for 40 years to accommodate the influx of city dwellers. This represents the biggest wave of building growth in human history and also a massive opportunity for investors, according to Sadek Wahba, the founder and chairman of I Squared Capital.
Source: CNBC - 🏆 12. / 72 Read more »

B. Riley's Stock Plunges After Disclosing Investment LossesB. Riley's stock plummeted nearly 35% on Monday after disclosing unrealized investment losses and receiving a downgrade from S&P Global Ratings.
Source: Reuters - 🏆 2. / 97 Read more »