Allego Closes Strong Quarter with Record Growth and New Customers

Customer and partner expansion and industry recognition signal rapid
adoption of company’s sales and learning platform together with funding
led by General Catalyst

NEEDHAM, Mass.–(BUSINESS WIRE)–Allego,
the sales learning and coaching platform, today announced the close of a
strong quarter, in which the company added key new customers, renewed
100 percent of its existing customer base and garnered solid industry
recognition for its mobile-friendly sales learning platform. Allego also
announced it has closed a $7.5M investment led by General Catalyst.

Click
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: Strong growth and 100% customer renewal for Allego and
investment from General Catalyst show latest signs of modern learning
transformation gaining steam

“Partnering with visionary sales and training leaders and our team’s
focus on ensuring their success continued to drive great results for
both Allego and our customers in the first half of 2018,” said Yuchun
Lee, CEO and co-founder of Allego. “We’re excited to see the modern
learning paradigm — characterized by easily created and absorbed
content, provided continuously and in bite-sized pieces, with
reinforcement and support for informal learning — rapidly gaining
traction across sales training and corporate L&D.”

Other highlights from the second quarter ended June 30, include:

  • New and Renewing Customers: Notable brands adopting the Allego
    platform for modern learning include Brown & Brown, Inc. and Incapital
    LLC in the insurance and financial services category; CloudHealth
    Technologies, Crimson Hexagon, Liaison Technologies, Talend and
    TripAdvisor in high tech; and Augmenix and Wright Medical Group in the
    life sciences. Allego also renewed 100 percent of its existing
    customers during the quarter.
  • Growth: Allego’s first half 2018 revenue grew 67 percent
    compared to the first half of 2017. The company closed Q2 with 114
    percent growth in SaaS subscription bookings over the previous quarter.
  • Industry Recognition: Allego landed a spot on the Boston
    Business Journal
    (BBJ)s Best
    Places to Work
    ; the
    BBJ’s “Fast 50”
    also listed Allego as the 8th
    fastest-growing company in Massachusetts. Allego also earned two
    awards at the 12th annual Stevie
    Awards for Sales and Customer Service
    , a Gold for best Sales &
    Marketing Mobile app and silver for top Sales Enablement solution.
  • Partnership Expansion: Allego expanded its partner ecosystem
    with sales performance, skills, content and coaching experts including JBarrows,
    Jill
    Konrath
    , Mark
    Jeffries
    , Maximum
    Impact Partners
    , and SPASIGMA.
  • Sales Success Summit: This spring, nearly 200 customers,
    partners, and other sales leaders attended Allego’s second annual
    Sales Success Summit (S3) customer conference.

As it has since inception, Allego continues to fund its growth through
positive operating cash flow. Its first institutional investment brings
a strong partner in General
Catalyst
to help evangelize and mature the market while supporting
Allego as the company continues to grow and scale.

About Allego
Allego elevates sales performance by combining
training, practice, coaching and knowledge sharing into one app. It uses
mobile, video, and peer collaboration to reinvent learning for the
dynamic needs of sales teams. Allego’s speed and consumer app design
match the pace of even the most hard-charging salespeople. If you can
use Netflix, you can use Allego. With Allego, sales teams onboard
faster, confidently deliver the right messaging, rapidly adopt best
practices, coach and practice more frequently, and collaborate broadly
with peers and the home office. Nearly 100,000 sales professionals
across financial services, technology, life science and other industries
use Allego to ensure they bring their A game to every customer
conversation. 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