WalkMe Publishes Inaugural Environmental, Social, and Governance Report
October 03 2023 - 9:52AM
WalkMe Ltd. (NASDAQ: WKME), a leading provider of digital adoption
solutions, today announced the publication of its first
environmental, social, and governance (ESG) report.
WalkMe is redefining the way people interact with technology.
Today, enterprises with employees across more than 160 countries
around the world are using WalkMe to get the most out of their
software investments and achieve business goals. A recent IDC
study* calculated the business value WalkMe customers will realize,
including a 3-year ROI of 494% achieved through a 60% reduction in
support tickets, 40% reduced business errors, and $41.5 in new
annual revenue.
Referencing the reporting frameworks of the S&P Global
Corporate Sustainability Assessment and the Nasdaq One Report,
WalkMe shares its progress and commitment to positively impacting
the world across all areas of ESG through its inaugural annual
report.
Highlights from the report include:
- Increased the number of women in leadership roles (VP, EVP, SVP
positions) by 5% and in people leader roles (manager and above) by
4% from 2022
- Established the WalkMe Way, core company values that guide how
employees work with one another and show up for customers and
communities
- Created five Employee Resource Groups (ERGs) to support
internal community-building and education and engaged employees in
over 2,000 hours of volunteer time in their local communities
- Achieved best in class data security and privacy standards,
including gaining Federal Risk and Authorization Management Program
(FedRAMP®) Ready status, making WalkMe the only digital adoption
platform listed in the FedRAMP marketplace.
"As the global leader in Digital Adoption Platforms, we believe
that the first step in realizing business value is understanding
your current state,” said Dan Adika, CEO and Co-founder of
WalkMe. “This principle applies to our ESG initiatives as
well. Through our inaugural ESG report, we have publicly committed
to making a positive impact and driving change as an organization.
We take pride in this first step and our accomplishments so far,
and we will continue to prioritize our ESG goals."
Read the full report here.
*Source: Report commissioned by WalkMe: The Business Value of
WalkMe, IDC #US50860123, June 2023
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.
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 Contact:Christina
Knittelpress@walkme.com
Investor Contact:John
Streppainvestors@walkme.com
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