Allego Closes 2017 Strong with Over 100% Quarter-Over-Quarter Bookings Growth; Doubles Customer Base for the Year

Strong renewal and revenue growth in Q4 propel Allego to record sales and customer expansion in 2017

NEEDHAM, Mass.--()--Allego, the mobile video sales learning platform, today announced results for 2017, including record revenue in Q4 and a record number of new customers, nearly doubling its customer base from a year ago. Allego also recorded a customer renewal rate of above 95 percent for Q4 and the full year. Notable new brands adopting the Allego platform in 2017 include Ash Brokerage, Finastra and PrepMD LLC.

Other significant achievements during the year included the company’s ranking on the Inc. 500 as America’s fifth fastest-growing private software company, as well as the debut of Allego’s first annual customer conference, the Allego Sales Success Summit (S3). These results demonstrate not only Allego’s commitment to customer success, but also highlight the industry’s growing need for a user-friendly mobile-first and video-enabled sales and enterprise learning solution.

Click to tweet: Year in review: Doubled customer base, 64% YoY Bookings Growth, 5th fastest growing private software company in the US on the @Inc 500. @AllegoSoftware is charging into 2018 full steam ahead!

“Our customers recognize the value of an easy-to-use mobile video platform that handles the full spectrum of sales and enterprise learning, which has helped drive our strong results in 2017,” said Yuchun Lee, CEO and co-founder of Allego. “Our rapid growth since our inception clearly shows that sales leaders, enablement pros and trainers aren’t just looking for a traditional learning management system – they’re demanding more effective, modern sales enablement and training tools that prepare sales teams with the skills and resources to tackle any selling situation. We’re proud to meet this need with the powerful, elegant and user-friendly Allego platform, and are well positioned for continued success in 2018.”

Expanding Partner Ecosystem
Allego expanded its partner ecosystem in 2017 to provide customers with enhanced content, coaching and consulting. New partners include ASLAN Consulting, GP Strategies, Greene Consulting, JBarrows, Strategy to Revenue (STR), Taylor Strategy Partners (TSP), TeleTech, Wholesaler Masterminds and Wilson Learning. Through its technology platform and alliances, Allego demonstrates that effective sales training isn’t simply a one-time event such as a boot camp or course; instead, it’s an ongoing experience integrated into a sales rep’s daily tasks. These partnerships help to bring industry-specific and structured sales training content to Allego customers, further streamlining and enhancing the sales learning process.

Other notable achievements in 2017 included:

  • The release of Allego 4.3, which strengthens support for sales organizations’ needs across the full spectrum of learning – curriculum, reinforcement, and just-in-time learning – with new tools to measure the value of training with greater precision and more accurately target training investments. It allows trainers and L&D professionals to share learning management system (LMS) content through Allego to more effectively reach Sales audiences.
  • The company was named the SIIA CODiE award winner for “Best Sales and Marketing Mobile Application of 2017.”
  • Allego won Two Silver Stevie Awards in the categories of “Customer Service Department of the Year – Computer Software – Up to 100 Employees” and “Sales Training Product of the Year.”

About Allego
Harnessing the convenience and power of mobile, video and peer learning, Allego’s sales learning and coaching platform reinvents sales training to help teams accelerate time to competency, accurately deliver on message, confidently handle objections and effectively articulate value. Enabling better performance for tens of thousands of sales professionals across high tech, financial services, medical device/life sciences and other industries made Allego the 5th fastest-growing software company on the 2017 Inc. 500 list. Explore further at www.allego.com.

Contacts

Allego
Allison Rynak, +1 781-374-5846
arynak@allego.com
or
Matter on behalf of Allego
Alexandra Foley, 978-518-4558
allego@matternow.com

Contacts

Allego
Allison Rynak, +1 781-374-5846
arynak@allego.com
or
Matter on behalf of Allego
Alexandra Foley, 978-518-4558
allego@matternow.com