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Classified in: Science and technology, Business
Subjects: PER, ERP

SEMrush Delivers Double-digit User Base Growth and Successful Entrance Into Emerging Markets


BOSTON, Jan. 16, 2020 /PRNewswire/ -- SEMrush, the leading competitive intelligence and digital marketing SaaS platform trusted by more than 25% of Fortune 500 companies, today announces that it has closed 2019 on a high note with record user growth, successful rollout of new key products, important geographic expansion and key additions to its executive leadership team. 

After successfully raising $40 million in funding from Greycroft, e.ventures, Siguler Guff and other investors at the end of 2018, SEMrush began 2019 in a strong position, focused on R&D and expansion initiatives to support the growth of its user base and gain traction in new markets.

KEY BUSINESS HIGHLIGHTS OF 2019

Rapid growth and high retention rates of our user base support stable revenue and profitability trends

Exciting product rollouts attract new users and increase revenue and engagement from existing users

SEMrush executive leadership team expanded with several strategic appointments

Industry recognition across the globe

Oleg Shchegolev, CEO and co-founder of SEMrush commented:

"This has been another year of tremendous growth for both SEMrush and our users. The amount of online content is growing exponentially every year, but consumers' attention spans are not. This means the competition for eyeballs and traffic is intensifying by the minute and the cutting-edge tools that SEMrush offers are more relevant than ever.

"SEMrush's evolution from a must-have single product to an entire ecosystem of vital digital marketing tools became a reality in 2019 with the successful rollout of new products such as Sellerly, Market Explorer, Oppty, Marketplace and more. Additionally, we have listened to our customers and significantly expanded our traffic analytics functionality and local SEO integration. I could not be prouder of what our team has achieved in 2019 and the momentum we have going into 2020."

About SEMrush

SEMrush is a leading SaaS company providing a platform of end-to-end digital marketing and SEM solutions to over 4.5 million customers in more than 150 countries. SEMrush's platform and innovative digital marketing tools are trusted by leading brands, including Vodafone, Booking.com, eBay, HP, and BNP Paribas, as well as 25% of Fortune 500 companies. The company was founded in 2008 and is headquartered in Boston, Massachusetts.

Learn more about SEMrush by visiting:
www.semrush.com 
Twitter: https://twitter.com/semrush
Facebook: https://www.facebook.com/SEMrush 
LinkedIn: https://www.linkedin.com/company/semrush/
Instagram: https://instagram.com/semrush/
YouTube: https://www.youtube.com/user/SEMrushHQ 

SOURCE SEMrush


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News published on 16 january 2020 at 13:37 and distributed by: