TextExpander Raises $41.4 Million to Speed up Automation and Enhance Group Productiveness within the Enterprise

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SAN FRANCISCO & MENLO PARK, Calif.–(BUSINESS WIRE)–TextExpander, a developer of productiveness software program, in the present day introduced a $41.4 million financing spherical and the addition of SaaS trade chief J.D. Mullin as the corporate’s new CEO. The financing is led by international development fairness investor Summit Companions and can assist continued funding in R&D, hiring and buyer acquisition, and can assist to additional speed up TextExpander’s fast development.

TextExpander is constructed to assist groups and people speed up repetitive duties and ship a private contact in enterprise communications. The corporate’s productiveness software program is designed to automate content material creation by way of extremely customizable, user-defined keyboard shortcuts, or “snippets”, serving to administration groups to advertise constant and compliant communications. From small groups to enterprise-wide deployments, customers leverage TextExpander throughout quite a lot of job features and use instances – from buyer assist to recruiting to outbound gross sales – and counts many high-growth know-how, healthcare and client firms amongst its clients. At the moment, the corporate has greater than 100,000 month-to-month energetic customers (MAU) who’ve employed 560 million expansions within the final 12 months alone.

TextExpander has achieved best-in-class buyer satisfaction and retention, with constantly robust internet promoter scores. This can be a testomony to the founders’ concentrate on constructing a product that saves groups time and improves productiveness,” mentioned J.D. Mullin, CEO of TextExpander. “I’m excited to construct on the robust basis laid by founders Philip Goward and Greg Scown, as we work collectively to steer TextExpander on this new part of development.”

J.D. brings substantial expertise in main and scaling fast-growing SaaS companies, in addition to in constructing engineering and product groups that assist drive fast innovation and assist high-velocity gross sales fashions. Previous to becoming a member of TextExpander, J.D. was an Govt-in-Residence at Summit Companions. Beforehand, he spent two years main the QuickBooks Time enterprise unit at Intuit following its acquisition of TSheets, a number one SaaS-based time monitoring and scheduling program.

We’ve labored intently with J.D. for a variety of years. As a frontrunner and an operator, he affords a uncommon mixture of product imaginative and prescient, technical experience and enterprise acumen, and we’re excited to convey this angle to the TextExpander group,” mentioned Colin Mistele, a Managing Director with Summit Companions. “At a time when organizations are in search of methods to empower their staff by automating routine duties and communication, we consider TextExpander stands out with a easy, but highly effective, full-featured resolution designed to serve the wants of people, groups and enterprises.”

TextExpander’s “use it wherever and in all places” flexibility has develop into a constant theme amongst buyer acclaims. The answer can be utilized throughout purposes, from electronic mail and calendars to in style software program purposes like Salesforce and Zendesk. Prospects frequently spotlight the worth created by the power to each standardize and personalize messaging utilizing templates. That is particularly related in extremely regulated industries or customer-facing eventualities the place consistency is paramount however customized communication continues to matter greater than ever.

TextExpander permits me to work together with extra clients and preserve my high quality of assist. I’m able to use our repository of snippets as frameworks after which barely reword the answer for the shopper’s particular state of affairs.” – Michael Marvosh, Product Specialist, ConvertKit

Whereas people and small groups have benefited from TextExpander’s highly effective options for years, giant enterprises, together with a number of Fortune 500 firms, are additionally now using our options and benefiting from our content material creation and group workflow options,” mentioned Mullin. “With this funding from Summit Companions, we’ll proceed to advance our enterprise capabilities and increase our group to assist a rising base of loyal clients.”

J.D. Mullin and Colin Mistele have joined TextExpander Founders Philip Goward and Greg Scown on the TextExpander Board of Administrators. Matt Rissell, founder and former CEO of TSheets, has additionally been named a board director.

About TextExpander

TextExpander develops productiveness software program for macOS®, Home windows®, Chrome™, iPhone®, and iPad®. Headquartered in San Francisco, California, TextExpander is a closely-knit, geographically various firm. We have now proudly served our clients for greater than 15 years. Our award-winning merchandise redefine productiveness in order that our clients can get to the end line sooner, leaving them extra time for what comes subsequent.

Join a free TextExpander trial at https://textexpander.com.

About Summit Companions

Based in 1984, Summit Companions is a worldwide different funding agency that’s at present managing greater than $37 billion in capital devoted to development fairness, fastened earnings and public fairness alternatives. Summit invests throughout development sectors of the economic system and has invested in additional than 550 firms in know-how, healthcare and different development industries. These firms have accomplished greater than 175 public fairness choices, and greater than 200 have been acquired by way of strategic mergers and gross sales. Summit maintains places of work in North America and Europe and invests in firms all over the world. For extra data, please see www.summitpartners.com or comply with on LinkedIn


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