WorkFront
Lehi, Utah, United States
Valuation · 2020
$1B
2019 Revenue
$200M
Customers
3K
Funding
$375M
Avg ACV
$66.7K
Team · 2020
1K
Founded
1999
WorkFront Revenue, Valuation & Funding (2019)
WorkFront generated $200M in revenue in 2019.
Workfront is a Lehi, Utah-based software company that develops web-based work management and project management software that features enterprise work management, issue tracking, document management time tracking and portfolio management., Workfront providers cloud-based enterprise work management solutions for enterprise teams
Last updated
WorkFront Revenue
In 2019, WorkFront's revenue reached $200M. The company previously reported $120M in 2017. Since its launch in 1999, WorkFront has shown consistent revenue growth.
| Year | Milestone | Source |
|---|---|---|
| 2019 | WorkFront Hit $200m revenue in March 2019 | Not recorded |
| 2017 | WorkFront Hit $120m revenue in October 2017 | Not recorded |
| 2014 | WorkFront Hit $40m revenue in April 2014 | Not recorded |
| 1999 | Launched with $0 revenue |
WorkFront Valuation, Funding Rounds
WorkFront reached a $1B valuation in 2020, set during its Valuation round.
WorkFront has raised $375M in total funding across 5 rounds, most recently a $280M Secondary Market round in 2019.
| Year | Round | Amount | Valuation | % Sold | Source |
|---|---|---|---|---|---|
| 2020 | Valuation | - | $1B | - | Not recorded |
| 2019 | Secondary Market | $280M | - | - | Not recorded |
| 2015 | Series E | $33M | $132M | 25% | Not recorded |
| 2014 | Series D | $38M | - | - | Not recorded |
| 2012 | Series C | $17M | - | - | Not recorded |
| 2007 | Series A | $7M | - | - | Not recorded |
Founder / CEO
Alex Shootman
CEO
As President and CEO, Alex drives Workfront's overall strategy, vision, and execution, ensuring Workfront is a dedicated partner in helping customers transform the work experience. Shootman brings over 25 years of experience in all areas of revenue and profit generation for technology organizations, with significant experience leading SaaS-based companies.
Q&A
| Question | Answer |
|---|---|
| What's your age? | 55 |
Customers
WorkFront serves 3K customers.
WorkFront Employees & Team Size
WorkFront employs approximately 1K people as of 2026, down from 1.1K in 2019, including 198 sales reps that carry a quota. It serves 3K customers that rely on its solutions.
| Year | Milestone | Source |
|---|---|---|
| 2020 | Reached 1K employees (December 2020) | Not recorded |
| 2020 | Reached 1.2K employees (June 2020) | Not recorded |
| 2020 | Reached 1.1K employees (June 2020) | Not recorded |
| 2019 | Reached 1.1K employees (December 2019) | Not recorded |
| 2018 | Reached 1.1K employees (December 2018) | Not recorded |
| 2018 | Reached 1K employees (June 2018) | Not recorded |
| 2017 | Reached 849 employees (October 2017) | Not recorded |
| 2015 | Reached 670 employees (May 2015) | Not recorded |
| 2014 | Reached 400 employees (April 2014) | Not recorded |
Frequently Asked Questions about WorkFront
Who owns WorkFront?
WorkFront is owned by Adobe, which acquired it.
What is WorkFront's revenue?
As of 2019, WorkFront generated $200M in revenue.
Who founded WorkFront?
WorkFront was founded by Alex Shootman.
When was WorkFront founded?
WorkFront was founded in 1999.
How much funding does WorkFront have?
WorkFront raised $375M across 5 rounds.
How many employees does WorkFront have?
As of 2020, WorkFront had 1K employees.
Where is WorkFront headquartered?
WorkFront is headquartered in Lehi, Utah, United States.
Compare WorkFront to the industry
WorkFront operates across multiple industries. Browse revenue, funding, and growth data for WorkFront in each sector below.
Data and Sources
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
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