Consensus Price Target is the stock price analysts expect to see within a period of 0-18 months. Domo offers companies subscriptions to its business intelligence platform, which gathers data from multiple sources, making it more easily and quickly accessible for analysis, collaboration, visualization and reporting. Likewise, Henschen said Domo is in good hands with its new CEO and COO. Kristin Murphy, Deseret News 8of 9 Josh James, Founder and CEO, Domo - Josh James Who is hero. Who is thrilled. Domo insiders say that CEO Josh James faced a sharp backlash, and eventually apologized, after telling a story at an all-hands meeting that made many Who has the last word. Its continuing net losses for those years were $125.7 million in 2020, $84.6 million in 2021 and $102.1 million in 2022. Who leaves for good. Who means well. He chalked this up to Utah being known at the time for having multi-level marketing companies as well as skincare companies, but James saw that Utah had the potential to become a tech powerhouse. Who keeps going. James now wishes he kept the company independent, a source close to the company said. All values as of most recently reported quarter unless otherwise noted. Domo Investors should stay away from this IPO. BlackRock Domo Is a Prime M&A Target, but Its CEO Doesn't Want to Sell: The new-look Domo is focused on the company'sjust-unveiledbusiness cloud. As data governance gets increasingly complicated, data stewards are stepping in to manage security and quality. What makes Utah companies different is there are so many families.. Domos Business Cloud platform enables processes that are dependent Last week, Domo, a publicly traded cloud software company based in American Fork, Utah announced that Joy Driscoll Durling has joined the companys board of directors. Eventually, others joined the cause, including other tech CEOs from around the state. Who is up. Josh founded Domo in 2010 with the mission of transforming business by WebCEO/Founder Domo Oct 2010 - Present12 years 6 months American Fork, Utah I wish I always had this product to help me run Omniture. Stay up to date with what you want to know. 2023 Forbes Media LLC. Catherine Wong, Domos chief product officer and executive vice president of engineering since 2013, was promoted to chief operating officer. Prior to Domo, James was best known for selling his previous company Omniture to Adobe for $1.8 billion in 2009. Josh James, who founded Utah-based tech company Domo in 2010 and earned more than $12.3 million there in 2021, resigned effective March 1, according to a company news release. It is backed by some heavy hitters includingBlackRock, Greylock and Benchmark. Customers have been happy, and we have more juice coming, James says. Josh James - Facebook Who is silent. Nelson Mullins - Gold Dome Report Legislative Day 25 Total Enterprise Value to Total Revenue (ttm). Who is fired. WebJosh James, Founder and CEO, Domo. In its last fiscal year ended Jan. 31, Domo lost $176.6 million on revenue of $108.5 million. By clicking Sign up, you agree to receive marketing emails from Insider Contact Ashley Stewart via email atastewart@businessinsider.com, message her on Twitter @ashannstew, or send her a secure message through Signal at 425-344-8242. He was also the co-founder of Omniture, which was acquired by Adobe in 2009. The announcement follows a decline in Domo Inc.s share price of 35% since March 2021. Domo Chief Financial Officer Bruce Felt's previous company SuccessFactors, where he was also CEO, sold to SAP for $3.4 billion back in 2012. Among the crop of emerging business intelligence tool providers that were keeping an eye on is Domo. Who is praised. "I am extremely optimistic about our future and the horsepower of the entire Domo team," he said in a release about the personnel moves. Editors note This story is available to Salt Lake Tribune subscribers only. Bankers have informally approached James with encouragement to sell Domo,but James has rebuffed the idea, the two banking sources say. With two legislative days remaining until As part of its app push, Domo said it has 1,000 partnered business apps in its new app store, while making its original core business free for most users. Major stock exchanges are starting to look askance at dual-class stock structures that vest supermajority control in individuals or small groups. Its so important that we highlight women and minorities that are having success so that everyone sees that success, James said. Previously, Carine Clark held leadership positions in software, market research and marketing companies. James resigned his employment with the Company effective March 1, 2022.. Who is a bigwig. Salesforce just spent $15.3 billion on Tableau in its biggest deal ever, meaning it might be disinclined to write another large check for a similar company, Wang notes. Domo CEO Josh James steps down, John Mellor promoted Donate to the newsroom now. Stay up to date with what you want to know. Column: Hype and plunder: This high-tech company may be Join Facebook to connect with Josh James and others you may know. Josh James, who founded Utah-based tech company Domo in 2010 and earned more than $12.3 million there in 2021, resigned effective March 1, according to a You can find out more about which cookies we are using or switch them off in settings. Who is confident. But they werent the only ones demanding action under the Gold Dome. And the picture confronting would-be buyers is not pretty. Who is an enemy. Obviously, youth are attracted to tech, and because of that youth, we have a very tech-savvy state.. Domo, +2 more Who is there. The acquisitions of Tableau and Looker prove that data analytics is a hot market, with Domo as one of the last large independent companies. James has also shown signs in the last several months of being at least open to discussions about a possible acquisition. The pitch for Domo was that it would fill in some of the gaps in enterprise data analysis that Omniture had left open, providing access to real-time marketing information that would help CEOs run their companies more efficiently. Who is a friend. Josh James Domo; Founder/CEO Omniture Founder/CEO Orem, UT. Tableau Software is a major player in the business intelligence market, though the space is becoming increasingly competitive. Domo, a Utah-based data-analytics company currently valued on the public markets at just shy of $1 billion, is expected by many analysts to be the next big cloud acquisition target. Los Angeles Times columnist Michael Hiltzik writes a daily blog appearing on latimes.com. Who steps back. Says James: Haters gonna hate., This is a BETA experience. "Both are highly competent executives, and they're getting well-deserved promotions and recognition," Henschen said. For businesses using Domo, data will flow in from its own sources on fixed intervals, such as every 5 minutes, and the spigot can be turned off at any time. Youd think, Who owns that house,' or, Who owns that company,' James said. WebDomo, a Utah-based data-analytics company currently valued on the public markets at just shy of $1 billion, is expected by many analysts to be the next big cloud acquisition target. Who exits. Who does well. Got a tip? Domo recently announced its first ever quarterly results since it went public in June, and the overall picture for the business intelligence company hasnt really changed much over the months since its IPO filing first gave investors a look at its operating figures. All Rights Reserved. Josh James, who founded Utah-based tech company Domo in 2010 and earned more than $12.3 million there in 2021, resigned effective March 1, according to a Whos number 2. It takes a company's data from hundreds of applications and turns it into charts, graphs, insights. But that may not be the most disturbing aspect of the IPO filing. See DAM systems offer a central repository for rich media assets and enhance collaboration within marketing teams. Who is last. Because of Domos fertility benefits, Stephan was able to successfully complete a round of in vitro fertilization and is currently in the second trimester of her pregnancy. ( Rick Egan | The Salt Lake Tribune ) Josh James, CEO/founder of Domo, at right, speaks with Ed Catmull, president of Pixar and Walt Disney animation studios and While that money can support smaller emerging companies popular with Domos cloudusers, such a fund might also raise eyebrows as a sign of the company lacking focus for its time and money. We could go public this year if we wanted to, he addsbut he said the same a year ago, too. Meanwhile, the company was in the spotlight amid the crisis, with Vice President Mike Pence highlighting the company's work with the Iowa state government to expand access to COVID-19 testing. Who steps down. Domo This wouldnt be acceptable even if Domo were going gangbusters. Domo, James current company, takes the data that his previous company, Omniture, was able to provide their clients and puts it in easily accessible formats. (The company declined to comment on the registration statement.). (Domo actually is part of the Salt Lake City regions Silicon Slope, one of several regional offshoots of Silicon Valley.). BYU alumnus and Domo CEO Josh James, opens the door to the Jimmer Meeting Room at Domo Headquarters in American Fork on Sept. 30. Who chairs. Who goes behind. Who is at eye level. The question not being answered in the registration statement is: Whats the upside? Pre-IPO, James has 91.7% of the votes. Who can say it? (Rick Egan | The Salt Lake Tribune) Ed Catmull, then-president of Pixar and Walt Disney animation studios, visits with Josh James, then-CEO of Domo, at Domopalooza 2017 in Salt Lake City. People called it an "insta-unicorn,"meaning that by the time the tech world was paying attention, investors had already poured enough money into it that it was valued at more than $1 billion. The companys stock registration disclosure shows that it hasnt been able to get ahead of its expenses. Domo has raised nearly $730 million in venture funding all told, and was valued at $2.28 billion in 2017, after its latest $115 million round in December 2017. James has served on the board of directors of various privately held and public companies. To be fair, investors had reason to believe in James at the start. It was the second biggest SaaS company after Salesforce and was on pace to do a robust $500m in revenue. Domo is scheduled to host its annual user conference, Domopalooza, March 23, and for the first time will have someone other than James as its leader. James invested a couple million dollars into Silicon Slopes and dedicated himself to making it take off. Domo said: Domo, Inc. (Nasdaq: DOMO) today announced a leadership Who earns it. Who is honored. The company retained the tax benefit, known as Economic Development Tax Increment Financing. Josh James - CEO/Founder - Domo | LinkedIn James sold Omniture to Adobe in 2009 for $1.8 billion. We keep you up to date on the latest CEO changes. Heres a list, Dr. Simi is thrown at pop stars including Dua Lipa and Rosala. Someones got to be on top. Within days, James was working from his hospital bed. You also can contact with him through Facebook, twitter and email. In addition, Catherine Wong, Domo's chief product officer and executive vice president of engineering since 2013, was named chief operating officer. Thats a problem for Domo, because the rise of passive investments keyed to stock indexes means that many investors wont be buying its stock. The way to sit here was not a simple process. Who is successful. How Josh James landed $125 million in funding from his Domo CEO Josh James says his company's move Tuesday to a freemium model and new app ecosystem are the result of a big five-year reveal while announcing $130 million in new funding. A glance through Domo Technologies IPO filing raises several red flags. "It did come as a surprise, but now that Domo is public, perhaps James is looking for his next opportunity to create a startup," he said. James has been talking about this IPO since 2015. We face intense competition, and we may not be able to compete effectively. I think thats one of the things that distinguishes Josh James. WebJosh James, Founder/CEO of Domo (& Founder/CEO of Omniture) shares learnings from building two unicorns. Who is gone. Total revenue increased 23%, from just under $57 million during the fourth quarter ended Jan. 31, 2021, to nearly $70 million during the most recent quarter. Follow @hiltzikm on Twitter, see his Facebook page, or email michael.hiltzik@latimes.com. One of Utah's leading cloud unicorns, Domo has raised money more like a Silicon Valley company: $690 million so far, and James says he may not be done. Domo doesnt expect to take a short-term hit to its own revenue from the shift as it will primarily bring in new customers, says James, who adds that Domos revenue retention is as high as 200%, meaning customers are spending $2 for every $1 the previous year, a high mark for enterprise software. Josh James (@domojosh) Instagram photos and videos Domos even setting up its own investment fund to put $50 million into supporting its new ecosystem. James made headlines this year after he suggested Domo was awarded a Utah tax incentive worth up to $23 million to keep the company in Utah, even though he reportedly had no plans to relocate. Who fights for money. Follow him on Twitter at twitter.com/hiltzikm and on Facebook at facebook.com/hiltzik. Domo has $100 million in bookings under contract and is growing at a rate of 100%, says James. A look at Domo's collaboration chat tools, Buzz. Ready to drive increased productivity with faster pc performance? Who quits. He has been a front-facing personality at Domo, interacting with Menninger and his fellow analysts, and has demonstrated knowledge not only about the vendor itself but also the analytics market at large. Who sits. Now Utahs tech sector is booming. "He's intelligent and knowledgeable about the market and has helped lead the company to this point in its growth," Menninger said. The economic uncertainty resulting first from the COVID-19 pandemic and now Russia's invasion of Ukraine have been difficult for corporate CEOs, and it would be no surprise if the stress of the past two years played a role in James' decision, Henschen continued. Indeed, Greylock'sAneel Bhusri and Benchmark's Matt Cohler sit on the board of Domo. Domo is one of the Utah companies that won no-bid state contracts at the beginning of the pandemic, along with Nomi Health and others as part of TestUtah.com, an effort to make testing more accessible that has since drawn controversy. WebJosh James (@domojosh) Instagram photos and videos domojosh Verified Follow 371 posts Josh James Entrepreneur I need ammunition; not a ride!! "But I have to admit, I am always surprised when founders stay as long as James did.". From the start, James said he had no doubts that his web analytics company, Omniture, would be successful. Who is a big wheel. James might be at the top of Silicon Slopes now, but he hasnt forgotten how his time at BYU allowed him to see that students like him could start successful companies. Precise information regarding Josh Jamess future plans was not immediately available. Last year was the big reveal, until it wasnt. Who pays back. John Mellor, chief On the other hand, Constellation analyst Wang thinks that neither Salesforce nor Amazon Web Services may be especially inclined to buy.