LEHI, Utah, May 16, 2019 /PRNewswire/ -- Podium, the leading interaction management platform for local businesses, broke ground today on a new building at their Lehi, Utah headquarters to accommodate the company's rapid growth.
With an expected move-in date of May 2020, the new 132,300-square-foot building will include an on-site early childhood education and care center (filling up nearly half of the first floor), as well as a walkway connecting the new building with Podium's existing headquarters, which was completed last August. Currently at 500 employees, the new building will have the capacity for up to 837 additional team members. Podium's headcount has doubled every year since 2014 and is forecasted to continue to do so through 2020.
"We've been helping local businesses modernize the way they interact with customers, and as they've grown, so have we," said Eric Rea, CEO of Podium. "Local businesses are the lifeblood of our economy, and our communities. This new building will allow us to continue to scale and grow to help fill the communication gap between those businesses and their customers."
Founded in 2014, Podium is now working with more than 37,000 businesses to create more than 12 million customer interactions every month. Businesses have now used Podium to interact with nearly a quarter (22%) of smartphone owners in the U.S.
Having recently hit $60M in annual recurring revenue (ARR) in just under four years, Podium is one of the fastest-growing SaaS companies in the country. Earlier this year, Podium was included on Fast Company's 2019 list of Most Innovative Companies, and last year was named to Forbes' Next Billion-Dollar Startups list and Cloud 100 list, as well as ranking No. 9 on the Deloitte Technology Fast 500 and No. 13 on the Inc. 5000.
About Podium Podium is an interaction management platform that enables companies with a local presence to conveniently connect with their customers at critical touchpoints to help them strengthen their business. By conveniently facilitating millions of customer interactions, such as driving customer-generated online reviews and providing improved customer messaging tools, Podium serves more than 37,000 local businesses to create over 12 million interactions with their customers a month. Headquartered in Lehi, Utah, and founded in 2014, Podium is currently backed by IVP, Accel, Summit Partners, GV (formerly Google Ventures), and Y Combinator. To learn more, visit www.podium.com or contact us at [email protected].