WalkMe Ltd. (NASDAQ: WKME), a leading provider of digital adoption
solutions, today announced it has entered into an alliance
agreement with Deloitte New Zealand, a global leader in human
capital and business transformation consulting.
Deloitte is investing in a team in New Zealand to make
technology adoption solutions broadly available to clients across
the region. Together, WalkMe and Deloitte will help these
organizations realize the rapid results that digital transformation
strategies can deliver through efficient, effective, and sustained
adoption of digital technologies.
Digital adoption is the process by which companies help ensure
employees and customers are making the most effective use of their
digital assets. With more than 35 million users in over 160
countries and 80% of the Fortune 10, WalkMe is the pioneer of DAP
technologies.
As more organizations are realizing the value that digital
adoption strategies bring to their bottom lines, new programs and
initiatives are emerging to harness their potential. According to
WalkMe’s annual ‘State of Digital Adoption’ survey of nearly 1,500
business leaders, 34% of digital transformation projects in
Australia and New Zealand fail to meet their goals. The survey also
found that enterprises plan to spend more than $30 million
addressing the inability to fully utilize digital tools in the next
three years. Finding the right solution to these challenges will
have a significant impact on both business goals and the digital
employee experience.
“We are only scratching the surface of reimagining the way we
work,” said Hamish Wilson, Partner Deloitte New
Zealand. “As the asynchronous workplace takes hold,
businesses are starting to recognise the relationship between
successful digital transformation and the ability for end-users to
collaborate by leveraging new ways of working.”
Wilson continued, “We’re looking forward to working with WalkMe,
as the recognised market leader in digital adoption innovation, we
know the alliance will provide our clients with enhanced solutions
that provide clear return on investment, accelerate adoption of new
technologies, and support ongoing transformation.”
Over the last decade, WalkMe has continued to deliver digital
solutions at scale to help organizations across the world achieve
their digital transformation goals by creating frictionless and
elegant digital experiences that reduce complexity in the
enterprise technology stack.
"Digital adoption platforms have emerged as the missing link
between the promised value from technology investments and the
actual ROI from an organization’s digital investments,” said
Jim Nairn, Senior Vice President of Strategic Alliances,
WalkMe. “This expansion of our alliance with Deloitte will
strengthen digital adoption and maximize the value from technology
investments for more organizations to drive critical business
outcomes.”
WalkMe and Deloitte look forward to improving the employee
experience by making it easier to navigate systems and processes.
The alliance is one of the many ways that both organizations will
help clients manage change, particularly in relation to the
adoption of technologies, allowing quicker returns on
investment.
About WalkMeWalkMe's cloud-based Digital
Adoption Platform enables organizations to measure, drive and act
to ultimately accelerate their digital transformations and better
realize the value of their software investments. Our platform
leverages proprietary technology to provide visibility to an
organization's Chief Information Officer and business leaders,
while improving user experience, productivity and efficiency for
employees and customers. Alongside walkthroughs and third-party
integration capabilities, our platform can be customized to fit an
organization's needs.
About DeloitteDeloitte refers to one or more of
Deloitte Touche Tohmatsu Limited (“DTTL”), its global network of
member firms, and their related entities (collectively, the
“Deloitte organization”). DTTL (also referred to as “Deloitte
Global”) and each of its member firms and related entities are
legally separate and independent entities, which cannot obligate or
bind each other in respect of third parties. DTTL and each DTTL
member firm and related entity is liable only for its own acts and
omissions, and not those of each other. DTTL does not provide
services to clients. Please see www.deloitte.com/about to learn
more.
Deloitte Asia Pacific Limited is a company limited by guarantee
and a member firm of DTTL. Members of Deloitte Asia Pacific Limited
and their related entities, each of which is a separate and
independent legal entity, provide services from more than 100
cities across the region, including Auckland, Bangkok, Beijing,
Bengaluru, Hanoi, Hong Kong, Jakarta, Kuala Lumpur, Manila,
Melbourne, Mumbai, New Delhi, Osaka, Seoul, Shanghai, Singapore,
Sydney, Taipei and Tokyo.
Deloitte provides industry-leading audit and assurance, tax and
legal, consulting, financial advisory, and risk advisory services
to nearly 90% of the Fortune Global 500® and thousands of private
companies. Our professionals deliver measurable and lasting results
that help reinforce public trust in capital markets, enable clients
to transform and thrive, and lead the way toward a stronger
economy, a more equitable society and a sustainable world. Building
on its 175-plus year history, Deloitte spans more than 150
countries and territories. Learn how Deloitte’s approximately
415,000 people worldwide make an impact that matters at
www.deloitte.com.
Deloitte New Zealand brings together more than 1800 specialist
professionals providing audit, tax, technology and systems,
strategy and performance improvement, risk management, corporate
finance, business recovery, forensic and accounting services. Our
people are based in Auckland, Hamilton, Rotorua, Wellington,
Christchurch, Queenstown and Dunedin, serving clients that range
from New Zealand’s largest companies and public sector
organizations to smaller businesses with ambition to grow. For more
information about Deloitte in New Zealand, look to our website
www.deloitte.co.nz.
This communication contains general information only, and none
of Deloitte Touche Tohmatsu Limited (“DTTL”), its global network of
member firms or their related entities (collectively, the “Deloitte
organization”) is, by means of this communication, rendering
professional advice or services. Before making any decision or
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No representations, warranties or undertakings (express or
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firms, related entities, employees or agents shall be liable or
responsible for any loss or damage whatsoever arising directly or
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entities, are legally separate and independent entities.
© 2023. Deloitte Limited (as trustee for the Deloitte Trading
Trust).
Special Note Regarding
Forward-Looking Statements:
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. We intend such forward-looking statements to be covered by
the safe harbor provisions for forward-looking statements contained
in Section 27A of the Securities Act of 1933, as amended (the
“Securities Act”) and Section 21E of the Securities Exchange Act of
1934, as amended (the “Exchange Act”). All statements contained in
this press release other than statements of historical fact,
including, without limitation, statements regarding the Company’s
future financial results, including revenue and non-GAAP operating
loss guidance, and expectations regarding the company’s operations
and future profitability are forward-looking statements. The words
“believe,” “may,” “will,” “estimate,” “potential,” “continue,”
“anticipate,” “intend,” “expect,” “could,” “would,” “project,”
“plan,” “target,” and similar expressions are intended to identify
forward-looking statements, though not all forward-looking
statements use these words or expressions. These forward-looking
statements are subject to risks, uncertainties and assumptions,
some of which are beyond our control. In addition, these
forward-looking statements reflect our current views with respect
to future events and are not a guarantee of future performance.
Actual outcomes may differ materially from the information
contained in the forward-looking statements as a result of a number
of factors, including, without limitation, the following: our
ability to manage our growth effectively, sustain our historical
growth rate in the future or achieve or maintain profitability; the
impact of adverse macro-economic changes on our business, financial
condition and results of operations; the growth and expansion of
the markets for our offerings and our ability to adapt and respond
effectively to evolving market conditions; our estimates of, and
future expectations regarding, our market opportunity; our ability
to keep pace with technological and competitive developments and
develop or otherwise introduce new products and solutions and
enhancements to our existing offerings; our ability to maintain the
interoperability of our offerings across devices, operating systems
and third-party applications and to maintain and expand our
relationships with third-party technology partners; the effects of
increased competition in our target markets and our ability to
compete effectively; our ability to attract and retain new
customers and to expand within our existing customer base; the
success of our sales and marketing operations, including our
ability to realize efficiencies and reduce customer acquisition
costs; our ability to meet the service-level commitments under our
customer agreements and the effects on our business if we are
unable to do so; our relationships with, and dependence on, various
third-party service providers; our ability to maintain and enhance
awareness of our brand; our ability to offer high quality customer
support; our ability to effectively develop and expand our
marketing and sales capabilities; our ability to maintain the sales
prices of our offerings and the effects of pricing fluctuations;
the sustainability of, and fluctuations in, our gross margin; risks
related to our international operations and our ability to expand
our international business operations; the effects of currency
exchange rate fluctuations on our results of operations; challenges
and risks related to our sales to government entities; our ability
to consummate acquisitions at our historical rate and at acceptable
prices, to enter into other strategic transactions and
relationships, and to manage the risks related to these
transactions and arrangements; our ability to protect our
proprietary technology, or to obtain, maintain, protect and enforce
sufficiently broad intellectual property rights therein; our
ability to maintain the security and availability of our platform,
products and solutions; our ability to comply with current and
future legislation and governmental regulations to which we are
subject or may become subject in the future; changes in applicable
tax law, the stability of effective tax rates and adverse outcomes
resulting from examination of our income or other tax returns;
risks related to political, economic and security conditions in
Israel; the effects of unfavorable conditions in our industry or
the global economy or reductions in information technology
spending; factors that may affect the future trading prices of our
ordinary shares; and other risk factors set forth in the section
titled “Risk Factors” in our Annual Report on form 20-F filed with
the Securities and Exchange Commission on March 14, 2023, and other
documents filed with or furnished to the SEC. These statements
reflect management’s current expectations regarding future events
and operating performance and speak only as of the date of this
press release. You should not put undue reliance on any
forward-looking statements. Although we believe that the
expectations reflected in the forward-looking statements are
reasonable, we cannot guarantee that future results, levels of
activity, performance and events and circumstances reflected in the
forward-looking statements will be achieved or will occur. Except
as required by applicable law, we undertake no obligation to update
or revise publicly any forward-looking statements, whether as a
result of new information, future events or otherwise, after the
date on which the statements are made or to reflect the occurrence
of unanticipated events.
Media contacts:Christina
KnittelWalkMepress@walkme.com
Magdalen DrummondDeloittemdrummond@deloitte.co.nz
Investor contact:John
StreppaWalkMeinvestors@walkme.com
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