WorkFront logo
Founded 1999

WorkFront

2019 Revenue

$200.0M

YOY

66.67%

Funding

$375.0M

Overview

About WorkFront

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.

Monthly Revenue

$16.7M

+ $6.7M (66.67%)
Total Expenses

$16.7M

=
Net Income

-$1.0

Ebidta Margin

0.00%

+
YOY Growth

66.67%

=
Rule of 40

67


Headquarters

3301 North Thanksgiving Way LehiUtahUnited States

WorkFront Revenue vs Funding

$Funding$Revenue

Revenue

In 2019, WorkFront revenue run rate hit $200.0M in revenue.

200.00%▲67.00%▲$40.0M$120.0M$200.0M

Funding History

WorkFront has raised a total of $375.0M.

Why are so many SaaS founders taking money from Founderpath.com instead of VC's?
Funding DateRoundTotalValuation
03/13/2019$280.0M
05/08/2015$33.0M$132.0M
04/02/2014$38.0M
10/31/2012$17.0M
03/06/2007$7.0M

Customers

WorkFront has 3K customers.

Lifetime Months

×
Monthly ARPU

$3.5K

=
Lifetime Dollars


Acquisition Cost

$67.5K

Average Annual Price

$42.2K

$0$42.2K19 month payback period02468101214161820

Churn

WorkFront has an annual churn rate of 0.00%

Churn vs Expansion

-100-500%50100
Gross Annual Dollar Churn

-0.00%

Annual Dollar Expansion

0.00%

Net Revenue Retention

100.00%

Team

Employees

WorkFront has 1,173 employees. They have 198 sales reps that carry a quota, an engineering team of 238 and a marketing team of 58.

20142015201720182019202068.00%▲27.00%▲18.00%▲13.00%▲4.00%▲
DistributionQty

Total Team Size

1173

Engineers

238 (20%)

Sales

198 (17%)

Marketing

58 (5%)

CEO/Founder

Alex Shootman

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.


CEO Q&A

What's your age?

52

Favorite online tool?

Slack

Favorite book?

How Did That Happen

Favorite CEO?

Father Greg Boyle, Homeboy Industries

Advice for 20 year old self

Be versus do.


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Frequently Asked Questions about WorkFront

When was WorkFront founded?

WorkFront was founded in 1999.


Who is the CEO of WorkFront?

The CEO of WorkFront is Alex Shootman


How many employees does WorkFront have?

WorkFront has 1,173 employees.

How much revenue does WorkFront generate?

WorkFront generates $200.0M in revenue.


How much funding does WorkFront have?

WorkFront has raised $375.0M.


Where is WorkFront headquarters?

WorkFront is headquartered at 3301 North Thanksgiving Way LehiUtahUnited States

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