Hello Everyone,
We are back at it again for Wednesdays session. I mean, how could we not after dishing out Tuesday's diamond in the rough that hit its highs of 5.18 on the session just before 1 pm after closing at 4.18 the session before and gapping up premarket. Wow. It seems like we are seeing some huge runners on a weekly basis as of late. Let's get BNZI back in our cross hairs.
BNZI just recently announced 2 massive acquisitions that are built to add revenues to the companies bottom line. We are talking about $44Million bucks here.
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.
CATALYSTS
The LARGEST platform for finding software and services. More than 100 million people visit Capterra, GetApp, Software Advice, and UpCity across over 70 localized sites every year to read objective research and verified customer reviews that help them confidently choose the right software and services. Thousands of B2B companies work with Gartner Digital Markets to build their brand, capture buyer demand, and grow their business.
Banzai is a SaaS company building an AI-driven platform of essential MarTech data, aynalytics, and data-driven applications.Banzai is fueling marketing results with cutting-edge AI solutions.
SaaS company building an AI-driven platform of essential MarTech data,analytics, and data-driven applications
• While the global MarTech market is accelerating, marketers are struggling with an explosion of vendor complexity
• Banzai is fueling marketing results with an integrated platform of AI-PoweredMarTech solutions
• Reach deploys multi-channel outbound campaigns and is becoming the marketing automation AI demand gen platform standout• Demio provides transparent webinar insights for data-driven marketers with upstream updates launching in Q4
• Additional upside in strategic acquisitions with a substantial gap between current private vs. at-scale public market valuations.
Let's take a look at some of te reasons we want BNZI on our screen today:
The company anticipates TRIPLING revenue with the acquisition of OpenReel. Banzai has recently signed a definitive agreement to acquire OpenReel, a digital video creation platform, in a stock deal valued at $19.6 million. OpenReel's platform enables companies to create high-quality branded video content efficiently, serving enterprise customers including Bristol Myers Squibb, Ingram Micro, and DXC Technology. The acquisition will grow the company's TTM revenue by 152% to $10.9M!
Strategic business initiatives to improve net income. Banzai announced $13.5M annual net income boost through cost-cutting initiatives and debt restructuring. Strategic cost-saving moves, including a 27% staffing reduction, aim to enhance scalability and extend cash runway.
Impressive Q3 2024 financial results. The company reported that annual recurring revenue for the third quarter soared to $4.4 million, representing a 7% sequential increase from Q2 2024. Net Revenue Retention (NRR) also reached a historic high in Q3 2024 while preliminary, unaudited Q3 2024 Adjusted Net Loss was approximately ($0.9) million, a $3.6 million sequential improvement from Q2 2024 Adjusted Net Loss of ($4.5) million. This represented an annualized improvement of $14.5 million. The cash position reached an all-time high of $4.2 million!
A growing customer base and esteemed partnerships. Banzai saw the addition of 351 new customers in September-October 2024. The company also recently expanded partnerships with Salesforce and HubSpot.
The launch of Curate, a groundbreaking AI-driven newsletter solution. Curate is an AI-powered newsletter platform. Leveraging OpenAI's GPT-4o, Curate automates the newsletter creation process by writing relevant, branded articles that resonate with target audiences. Curate then publishes content to a branded website and lets users set up daily or weekly updates, keeping their audience engaged with minimal effort and maximum impact.
Demio, the company's AI-powered webinar platform, has been recognized with multiple accolades. Demio has been recognized by Gartner Digital Markets brands – Capterra, Software Advice, and GetApp.
Gartner Digital Markets is the world's LARGEST platform for finding software and services. More than 100 million people visit Capterra, GetApp, Software Advice, and UpCity across over 70 localized sites every year to read objective research and verified customer reviews that help them confidently choose the right software and services. Thousands of B2B companies work with Gartner Digital Markets to build their brand, capture buyer demand, and grow their business.
Banzai Announces Definitive Agreement to Acquire Act-On Software, Growing TTM Revenue 152% to $44M
Banzai Adds Enterprise Marketing Automation Platform, the Cornerstone of AI-driven B2B Marketing, to Growing Product Family
SEATTLE, Jan. 23, 2025 (GLOBE NEWSWIRE) -- Banzai International, Inc. (NASDAQ: BNZI) ("Banzai" or the "Company"), a leading marketing technology company that provides essential marketing and sales solutions, today announced that it has signed a definitive agreement to acquire Act-On Software Inc. ("Act-On"), an enterprise marketing automation platform (MAP) provider.
Act-On is an easy-to-use and intelligent marketing automation platform, powered by AI and supported by an open data architecture. In a landscape filled with complex marketing suites, Act-On focuses on providing marketing software that enhances team efficiency and facilitates engagement with customers and prospects across all communication channels. Clients like Hitachi, BestBuy, and Progressive Insurance utilize Act-On to improve lead generation, increase sales pipeline, automate customer communications, and increase return on marketing investment (ROMI).
"Today's marketers require efficient and agile marketing automation to achieve tangible business results, and we believe that Act-On provides solutions that fulfill this need," said Joe Davy, Founder and CEO of Banzai. "Act-On's software complements our suite of tools for data-driven marketers. By making customer data actionable, Act-On empowers marketers to think big and create smart, effective programs aimed to drive growth and increase customer lifetime value – all with exceptional speed and efficiency."
"We're excited to become part of the Banzai product family and contribute to the vision of AI-powered marketing," said Kate Johnson, CEO of Act-On Software. "The future of marketing software is about making the marketer's job easier through AI and seamlessly integrated solutions. Banzai's family of tightly integrated best-in-class products - including webinar tools, video creation, and now marketing automation - will help marketers accomplish more in an AI empowered world."
The acquisition is projected to increase revenue by $27 million for the twelve-month period ending December 31, 2025, on a pro forma basis. Act-On's financials are forecasted and are subject to change.
Banzai's vision is to build a comprehensive suite of AI-driven marketing tools that make life easier for marketers and businesses of all sizes. Acquiring Act-On is a key step toward achieving this goal, driving revenue growth, and providing innovative solutions for our clients.
Transaction Details
Under the terms of the agreement, the aggregate merger consideration will consist of Banzai Class A Common Stock, and/or Pre-Funded Warrants exercisable for shares of Class A Common Stock, valued at $33.2 million and cash consideration of $20.0 million for an aggregate enterprise value for the merger consideration of $53.2 million. Additional details regarding the acquisition are included in the Company's Form 8-K filed with the Securities and Exchange Commission on January 23, 2025. The transaction is expected to close in February 2025, subject to the satisfaction of customary closing conditions.
About Act-On Software
Act-On Software is the easiest to use and most intelligent marketing automation platform for mid-market and enterprise B2B customers. Act-On provides solutions that empower marketers to engage prospects and customers at every step of the customer lifecycle, including lead generation, automated multi-channel marketing, customer journey orchestration, email personalization, customer data management, and sales intelligence. By unifying customer engagement data and multi-channel outreach, Act-On makes it easy for brands to reach and engage their target buyers with personalized messages. Act-On Software serves enterprise customers such as Hitachi, Sharp, Best Buy, Flextronics, Red Lions Hotels, and SKF Group. Act-On is headquartered in Portland, Oregon.
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