Banzai International, Inc. (NASDAQ: BNZI) (“Banzai” or the
“Company”), a leading marketing technology company that provides
essential marketing and sales solutions, today announced the
addition of 147 customers in August 2024, for a total of 1,434 in
2024, demonstrating strong organic growth and customer loyalty for
its AI-driven platform of essential MarTech data, analytics, and
data-driven applications.
In 2024, Banzai has added users including Cisco,
Sprinklr, Globe Life Insurance, and LoanDepot. This includes 981
new customers and 453 reactivating customers. August 2024 new
customer acquisitions improved 24% over the prior year period.
Customers included leading companies in software, technology,
healthcare, and finance utilizing Banzai’s platform to improve
their marketing efforts and efficiently engage their pipeline.
“Thousands of customers are now relying on
Banzai, and in August we welcomed brands including Sage, Borealis
Group, Millworks Analytics and University of Connecticut (UConn) to
our roster,” said Joe Davy, CEO of Banzai. “Especially validating
were the 65 reactivations, highlighting the long-term benefits and
trust our customers place in Banzai’s solutions, and our ability to
provide exceptional service and continuous improvement.”
“Our Reach product, which can deploy
multi-channel outbound campaigns, continues to gain traction with 4
new customers in August, as we continue to innovate and expand its
offerings. Recent and ongoing enhancements to the platform provide
new data sources, greater intelligence, better reporting and
transparency as part of our strategy to empower customers to grow
their businesses and achieve marketing success,” concluded
Davy.
Melissa Mason, VP of Product, added, “With our
strong customer acceleration, and as marketers need to deliver more
growth with less resources, we are highly focused on delivering
additional cutting-edge marketing technology solutions. Looking
ahead, we are streamlining the room experience and increasing room
size of our Demio platform, enhancing CRM enterprise-grade CRM
integrations with HubSpot and Salesforce, and expanding
partnerships with HubSpot to better support their 190,000+
customers.”
About Banzai
Banzai is a marketing technology company that
provides essential marketing and sales solutions for businesses of
all sizes. On a mission to help their customers achieve their
mission, Banzai enables companies of all sizes to target, engage,
and measure both new and existing customers more effectively.
Banzai customers include Square, Hewlett Packard Enterprise, Thermo
Fisher Scientific, Thinkific, Doodle and ActiveCampaign, among
thousands of others. Learn more at www.banzai.io. For investors,
please visit https://ir.banzai.io.
Forward-Looking Statements
This press release contains forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. Forward-looking statements often use words such
as “believe,” “may,” “will,” “estimate,” “target,” “continue,”
“anticipate,” “intend,” “expect,” “should,” “would,” “propose,”
“plan,” “project,” “forecast,” “predict,” “potential,” “seek,”
“future,” “outlook,” and similar variations and expressions.
Forward-looking statements are those that do not relate strictly to
historical or current facts. Examples of forward-looking statements
may include, among others, statements regarding Banzai
International, Inc.’s (the “Company’s”): future financial, business
and operating performance and goals; annualized recurring revenue
and customer retention; ongoing, future or ability to maintain or
improve its financial position, cash flows, and liquidity and its
expected financial needs; potential financing and ability to obtain
financing; acquisition strategy and proposed acquisitions and, if
completed, their potential success and financial contributions;
strategy and strategic goals, including being able to capitalize on
opportunities; expectations relating to the Company’s industry,
outlook and market trends; total addressable market and serviceable
addressable market and related projections; plans, strategies and
expectations for retaining existing or acquiring new customers,
increasing revenue and executing growth initiatives; and product
areas of focus and additional products that may be sold in the
future. Because forward-looking statements relate to the future,
they are subject to inherent uncertainties, risks and changes in
circumstances that are difficult to predict and many of which are
outside of our control. Forward-looking statements are not
guarantees of future performance, and our actual results of
operations, financial condition and liquidity and development of
the industry in which the Company operates may differ materially
from those made in or suggested by the forward-looking statements.
Therefore, investors should not rely on any of these
forward-looking statements. Factors that may cause actual results
to differ materially include changes in the markets in which the
Company operates, customer demand, the financial markets, economic,
business and regulatory and other factors, such as the Company’s
ability to execute on its strategy. More detailed information about
risk factors can be found in the Company’s Annual Report on Form
10-K and the Company’s Quarterly Reports on Form 10-Q under the
heading “Risk Factors,” and in other reports filed by the Company,
including reports on Form 8-K. The Company does not undertake any
duty to update forward-looking statements after the date of this
press release.
Investor Relations:Chris TysonExecutive Vice
PresidentMZ Group - MZ North America949-491-8235BNZI@mzgroup.us
www.mzgroup.us
MediaRachel MeyrowitzDirector, Demand
Generation, Banzairachel.meyrowitz@banzai.io
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