Thryv Hosts Investor Day, Announces SaaS Revenue Target of $1 Billion in 2027
April 05 2022 - 6:00AM
Business Wire
CEO Joe Walsh calls 2020s “The Decade of Small
Business Automation” and says local firms across US and other
developed countries are “ready to move to the cloud”
Thryv Chairman and CEO Joe Walsh will unveil his vision for “the
decade of small business automation” and the future trajectory of
SaaS revenues today at Thryv Holdings, Inc.’s (NASDAQ:THRY)
Investor Day starting at 9 a.m. EDT at the Nasdaq MarketSite in
Midtown Manhattan. The Thryv small business platform transforms the
way local businesses run, by automating their day-to-day functions
with cloud software they access from their smartphone, tablet or
laptop.
In connection with the event, the company is announcing it is
targeting SaaS revenue of $1 billion by 2027 and $4 billion by
2032. The company is also re-affirming first quarter and full year
2022 financial guidance ranges that it released on March 10,
2022.
“This is the decade that local, independent small businesses
automate their operations and follow enterprises into the cloud,”
said Walsh. “We put their office in their pocket so they can run
their business from anywhere. And what's exciting is that there are
10 times more small businesses than there are larger enterprises.
The opportunity is so much bigger and, beyond that, more impactful
to Main Street.”
The company will highlight Thryv’s continued dedication to
ensuring small- to medium-sized businesses (SMBs) have access to
the same types of tools that enterprise businesses use, scaled for
the small business owner’s day-to-day needs. Today’s SMB owner
needs a competitive advantage in a market where costs are
increasing across the board – in the labor they hire, the supplies
they buy, and even in the pay-per-click search advertising they
purchase to acquire new customers. Thryv’s platform saves time and
money for small business owners by automating time-consuming daily
tasks and keeping their brand in front of customers and prospects
via their smartphones.
Some key takeaways from Thryv’s Investor Day conference:
- Centralized Inbox
- A centralized platform to manage all aspects of their business
in one dashboard
- Expanded interoperability with other business tools
- Hub by Thryv
- It is being widely adopted by franchises - primarily service
businesses with 10 to 100 locations
- Canada
- Thryv continues its international expansion, moving into Canada
in Q1 2022
- ThryvPay Enhancements
- In the US, Thryv’s proprietary digital payment tool will see
new enhancements by the end of 2022, including:
- Branded hardware for card-present transactions
- ThryvPay Visa - giving business owners faster access to funds,
segregating business and personal expenses, spending caps and
expense tracking
- Thryv Buy-Now-Pay-Later - enabling replacement versus repair as
an option for the customer
- ThryvPay will launch in Australia and Canada by the end of
2022
- Centers
- Thryv is unveiling its “Centers” strategy
- Enables small business owners to purchase subscriptions by
business function creating an expandable platform to meet evolving
SMB demands.
- Thryv’s current offering will soon be renamed Business Center
- Including Customer Relationship Management (CRM), scheduling, a
secure client portal and everything an SMB needs to run their
business, day-to-day
- The new Thryv Marketing Center, currently in beta, will launch
in the second half of 2022.
- It will include consented attribution for online engagement in
conjunction with Business Center, multi-channel in-app digital
advertising, real-time and transparent marketing analytics, and a
suite of fully integrated marketing tools.
- Thryv announced at least three additional centers are in
various stages of active development and will debut at future
dates.
Those that would like to join the webcast, starting at 9 a.m.
EDT, can gain access here.
Thryv will also participate in Nasdaq’s Opening Bell Ringing
Ceremony on April 6, 2022.
Forward-Looking Statements
Some statements included in this release constitute
forward-looking statements. Statements that include the words
“may”, “will”, “could”, “should”, “would”, “believe”, “anticipate”,
“forecast”, “estimate”, “expect”, “preliminary”, “intend”, “plan”,
“project”, “target”, “outlook”, “future”, “forward”, “guidance” and
similar statements of a future or forward-looking nature identify
forward-looking statements. These statements are not guarantees of
future performance. Forward-looking statements provide current
expectations with respect to our financial performance and future
events with respect to our business and industry in general.
Forward-looking statements are based on certain assumptions and
include any statement that does not directly relate to any
historical or current fact. Accordingly, there are or will be
important factors that could cause our actual results to differ
materially from those indicated in these statements. We believe
that these factors include, but are not limited to, the risks
related to the following: risks related to the ongoing COVID-19
pandemic, the Company’s ability to maintain adequate liquidity to
fund operations; the Company’s future operating and financial
performance; the Company’s ability to consummate acquisitions, or,
if consummated, to successfully integrate acquired businesses into
the Company’s operations, the Company’s ability to recognize the
benefits of acquisitions, or the failure of an acquired company to
achieve its plans and objectives; limitations on our operating and
strategic flexibility and the ability to operate our business,
finance our capital needs or expand business strategies under the
terms of our credit facilities; our ability to retain existing
business and obtain and retain new business; general economic or
business conditions affecting the markets we serve; declining use
of print yellow page directories by consumers; our ability to
collect trade receivables from clients to whom we extend credit;
credit risk associated with our reliance on small and medium sized
businesses as clients; our ability to attract and retain key
managers; increased competition in our markets; our ability to
obtain future financing due to changes in the lending markets or
our financial position; our ability to maintain agreements with
major Internet search and local media companies; reduced
advertising spending and increased contract cancellations by our
clients, which causes reduced revenue; and our ability to
anticipate or respond effectively to changes in technology and
consumer preferences. All subsequent written and oral
forward-looking statements attributable to us or persons acting on
our behalf are expressly qualified in their entirety by such
cautionary statements.
If one or more events related to these or other risks or
uncertainties materialize, or if our underlying assumptions prove
to be incorrect, actual results may differ materially from what we
anticipate. For these reasons, we caution you against relying on
forward-looking statements. All forward-looking statements included
in this press release are expressly qualified in their entirety by
the foregoing cautionary statements. These forward-looking
statements speak only as of the date hereof and, other than as
required by law, we undertake no obligation to publicly update or
revise any forward-looking statements, whether as a result of new
information, future events or otherwise.
About Thryv Holdings, Inc.
Thryv Holdings, Inc. (NASDAQ: THRY) is a global software and
marketing services company that empowers small- to medium-sized
businesses (SMBs), franchises and agencies to grow and modernize
their operations so they can compete and win in today’s economy.
Over 46,000 businesses use our award-winning SaaS platform, Thryv®,
to manage their end-to-end customer experience, which has helped
businesses across the U.S. and overseas grow their bottom line.
Thryv also manages digital and print presence for over 400,000
businesses, connecting these SMBs to local consumers via
proprietary local search portals and print directories. For more
information about Thryv Holdings, Inc, visit thryv.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20220405005456/en/
Media Contact: Charity Lacey Gregory FCA Office:
929.561.5991 thryv@gregoryfca.com Investor Contact: Cameron
Lessard Thryv, Inc. 214.773.7022 cameron.lessard@thryv.com
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