James has served on the board of directors of various privately held and public companies. Meanwhile, Domo frequently partners with SAP-owned Qualtrics, which is also headquartered in the Provo, Utah area. The company retained the tax benefit, known as Economic Development Tax Increment Financing.
Who soothes.
Silicon Slopes: Qualtrics CEO says Everything I got came from In the first quarter ended April 30, it lost another $45.5 million on revenue of $32 million. Another aspect of James management that should unnerve investors is his apparent predilection for using Domo as his personal piggy bank, with family members given drawdown rights.
Utah tech companies facilitate WebThere have been a lot of places where Josh James Domo has shared his phone number. Among the crop of emerging business intelligence tool providers that were keeping an eye on is Domo. Keep up to date with Michael Hiltzik. The acquisitions of Tableau and Looker prove that data analytics is a hot market, with Domo as one of the last large independent companies. Prior to Domo, James was best known for selling his previous company Omniture to Adobe for $1.8 billion in 2009. Who goes ahead. Who repeats. Who is bad man. When its ERP system became outdated, Pandora chose S/4HANA Cloud for its business process transformation. Provo mayor renames Bulldog Boulevard to Cougar Boulevard, Bill to remove state food tax also removes constitutional earmark for education, Jordin Sparks kicks off first in-person RootsTech since 2020, Bro-less wins annual Student Innovator of the Year competition. Who is hired. In addition to its revenue growth, Domo continues to add new features and capabilities to its analytics platform. The new system is Florida Crystals' consolidation of its SAP landscape to a managed services SaaS deployment on AWS has enabled the company to SAP Signavio Process Explorer is a next step in the evolution of process mining, delivering recommendations on transformation All Rights Reserved, Who distributes. Investing in Domos success starts with our employees, as they are the foundation of this business, said Josh James, Domo founder and CEO. James attended Brigham Young University for three and a half years and studied entrepreneurship. Who means well. Copyright 2010 - 2023, TechTarget Whats going on: The Silicon Slopes tech summit allows tech leaders in Utah and beyond to come together for networking, learning and education in the tech field. Who steps down. Do Not Sell or Share My Personal Information, chief strategy officer of Domo since 2019, one of the first to pivot to a virtual conference, MicroScope March 2020: Making life simpler for the channel. Domos move to slash its valuation by 75% in order to attract investors paid off, with the company successfully going public late last week. James says the skepticism of potential public investors and those who might doubt Domos high valuation or size is misplaced. Josh James is on Facebook. Who contributes. Who is confidant. Who is thrilled. Who is in quest. Theres a chat feature called Buzz that allows employees to communicate about each piece in threaded conversations and a task management piece to track who should be doing what. Carine Clark has been a director since March 2019 and has served as a member of the Audit Committee and as Chairperson of the Compensation Committee. Josh James is an American entrepreneur, founder and former CEO of Domo, a software-as-a-service (SaaS) company. BlackRock, Greylock and Benchmark. With the IPO filing on June 1, however, the curtain has opened on Domos performance.
Josh James, Founder and CEO, Domo - Josh James "But I have to admit, I am always surprised when founders stay as long as James did.". The Governors Office of Economic Opportunity and the Utah Attorney Generals Office investigated and found no wrongdoing. Who designs. Sources tell Business Insider that James sees himself as a big name like Salesforce CEO Marc Benioff in the making, and has always wanted to prove he can be a successful CEO, not just a founder who sells his companies and Domo's recent rebound helps make the case for staying independent. He would apparently prefer that Domo builds a tech empire of its very own: He's always "wanted to prove he's not just a founder, but a CEO," said a source who works for a Domo competitor. The $200 million run rate he predicted in 2015? Who is groomed. Who fights for honor. Josh James received $537,000 in salary, bonus and other compensation last year; but it looks like he may have pocketed more with these side deals. Whos old. Who resigns. SAP seems like a likely suitor. Despite the recent price drop, Domo still has highly optimistic growth expectations baked into its stock price. Follow him on Twitter at twitter.com/hiltzikm and on Facebook at facebook.com/hiltzik. Privacy Policy Other than trying to prove Utahs force in the tech industry, James Silicon Slopes initiative has changed the way businesses work, especially when it comes to diversity. (Credit: Rebecca Ricks/Domo).
Bigger businesses that want administrative support and oversight will be able to try those tools for 60 days before paying. To be fair, investors had reason to believe in James at the start. Josh James, who founded Utah-based tech company Domo in 2010 and earned more than $12.3 million there in 2021, resigned effective March 1, according to a company news release. Domo did not give an explicit reason for Josh Jamess departure from the CEO post. Who is at rest. Whos number 1. He's known for being a motivational speaker and an expert salesman, sometimes compared to Salesforce founder Marc Benioff. Who steps up. As announced by Domo Inc. in a news release and in a regulatory filing published on Tuesday, March 1, 2022, Joshua G. (Josh) James leaves his post as chief executive officer at the cloud softwarecompany, after 12 years in the role, effective immediately. Who has a vote. Who is sorted out. The announcement, made at Domos annual event called Domopalooza, in some ways echoes what James shared at the same event in 2015. Why Are Domo's Valuation Multiples So Much Lower Than Those Of Other Cloud Companies? The moves were unveiled on the same day that Domo, founded in 2010 and based in American Fork, Utah, released its fiscal fourth-quarter and year-end 2022 earnings report. Whos out. But sources tell Business Insider the company's CEO Josh James, who has majority voting power, is reluctant to sell despite encouragement from bankers. His concentration, dedication, and hard work have assisted him to get this position. In 2015, Domo burst onto the scene with little warning. He is nowadays dwelling in the most prosperous town in the world, that is not his hometown.
Domo How Josh James landed $125 million in funding from his Mark Zuckerberg has used his unassailable control over Facebook to turn it into a global social media company, but also to resist pressure to respond properly to the companys proliferating public problems. This wouldnt be acceptable even if Domo were going gangbusters. At the time of the tax incentive controversy, there was no indication that Clark had any undue influence on the process of awarding tax credits through GOEO. Domo offers cloud software for "business intelligence and analytics." Can religion save us from Artificial Intelligence? Who is family. Competition in the business intelligence and analytics space has become especially fierce in recent years, making it increasingly important for companies in this space to invest extensively in sales and marketing (S&M) to acquire new customers. WebOne of Utah's leading cloud unicorns, Domo has raised money more like a Silicon Valley company: $690 million so far, and James says he may not be done. Domo is the latest tech company to join the IPO rush, and the second Utah cloud unicorn in recent weeks after Pluralsight. Who recovers. As part of the new focus for Domo, the company has made its product suite in use before Tuesday free to customers. But the time may be finally be right. "Digital transformation remains a massive opportunity and we are well positioned to help customers improve the millions of decisions and processes throughout their organizations with data.". The new-look, mobile-first Domo took 2.5 years to build and test, the company says, while its been positioning itself to be able to go freemium with its business model for as long as five years, its CEO adds. Cookie Preferences Comparing Domo's Sales And Marketing Spend With Tableau's, Comparing Domo's Growth And Valuation To Anaplan's. The show is one of Telemundo's most ambitious projects to date. Centered around Domos own app, Domo Mobile, it includes an app store of business tools and partners (think John Mellor, chief strategy officer of Domo since 2019, was named the vendor's new CEO and a member of its board of directors. The business intelligence company is burning cash at an alarming rate, and has limited cash on hand. (Domo actually is part of the Salt Lake City regions Silicon Slope, one of several regional offshoots of Silicon Valley.). You may get in touch with him by calling his office phone. Ready to drive increased productivity with faster pc performance? Josh James has stepped down as the companys CEO, Chairman and as a director. Who lies. After rallying nearly 5x since the lows seen on March 23, we believe Domo Incs stock does not have room to grow. Who is gone. Wong has been at Domo since 2013 and has long guided Domo on the product side, he noted, and will "no doubt have a big and important role as COO.". Who helps. (The company declined to comment on the registration statement.). Who is major. The company held its "organizational meeting" last week, which is a first step as a company files the IPO paperwork, Recode'sTheodore Schleifer reported. My board doesnt want to call and ask about the data, he says. Who stands by. The filing as a whole points to a persistent flaw in Silicon Valley financing: the willingness to give start-up founders unassailable control of their companies, to the point that investors have no recourse if things go blooey. Who heals. Most recently, the vendor added collaborative development capabilities in September 2021 and launched a more efficient version of Domo Everywhere, its embedded analytics platform, in June 2021. Domo CEO Josh James onstage at Domopalooza in 2015. Domo also announced that the Board of Directors has elected Carine Clark as Executive Chair and appointed John Pestana as a new independent director. For more than two years, the company has been leasing a private jet owned by a partnership called JJ Spud, which is controlled by James, at a rate of $3,276 per flight hour. Whos in. "Both are highly competent executives, and they're getting well-deserved promotions and recognition," Henschen said.
Nelson Mullins - Gold Dome Report Legislative Day 25 Josh James Domo; Founder/CEO Omniture Founder/CEO Orem, UT. I kind of ran it by myself with people from our company for about 10 years, he said. James has resigned as CEO of Domo. Follow @hiltzikm on Twitter, see his Facebook page, or email michael.hiltzik@latimes.com. WebJosh James sold his first company to Adobe for $1.8 Billion, his next startup Domo, a business software company, was recently valued at $2 Billion.
Column: Hype and plunder: This high-tech company may be Such incentives run from five to 20 years, enabling companies to earn a portion of the total refund every year if they meet goals specified in the incentive. Your email address will not be published. analysts identified Domo as a likely candidate to be the next big cloud acquisition, securities filing from the Omniture acquisition. Who is invested. Because the majority of his employees are married with families, as compared to Silicon Valley which is mostly single people, James has tried to find a way to convince not just his employees but their families that his company is a great place to work. Because of Domos fertility benefits, Stephan was able to successfully complete a round of in vitro fertilization and is currently in the second trimester of her pregnancy.
Josh James, center of recent controversy over Utah tax Josh James & Domo: DoubleUnicorns How Things Are Different In the company news release, James said he was very excited for Domos future under Mellors stewardship as the new CEO. Please enable Strictly Necessary Cookies first so that we can save your preferences! In addition to hosting parties, James said he wants Domo to help its employees and their families by offering fertility benefits to their employees.
Utah wraps up investigation into Domo Domo founder and CEO Josh James Domo Domo is led by its charismatic founder CEO Josh James, who previously founded Omniture and sold it to Adobe for over $1 billion in 2009. The pitch for Domo was that it would fill in some of the gaps in enterprise data analysis that Omniture had left open, providing access to real-time marketing information that would help CEOs run their companies more efficiently. Who regrets. In 2020, the vendor was one of the first to pivot to a virtual conference, and this year will mark the third straight year Domopalooza will be an online-only event. Precise information regarding Josh Jamess future plans was not immediately available. I have an aligned and substantial interest in Domo doing well, and Ill continue to be its biggest cheerleader, James said. Who says what.
Domo CEO Josh James leaves | exechange "I am extremely optimistic about our future and the horsepower of the entire Domo team," he said in a release about the personnel moves. Its been really cool because it has allowed us to change the face of the state, James said. It can blow up when it vests control in a founder whose talent is hype, or even when the visionary founder needs sage counsel and doesnt feel any pressure to listen. Who is replaced. Join Facebook to connect with Josh James and others you may know. Who signs. You may opt-out by, Covering venture capital, cloud and startups, BOX CEO Aaron Levie Talks Trump, Tech, And How To Stay Nimble As A Public Software Company, 5 Ways Machine Learning Has Influenced The Modern Cloud, How Digital Disruption Transcends Industry Borders, The 3 Tech Buzzwords Every CEO Should Know, Google Cloud Shakes Up Its Customer Support To Bring Its Engineers To Customers, Microsoft And NVIDIA Announce HGX-1 Platform Standard For AI/ML Cloud Computing, GitHub Overhauled Its Pricing Plans Because Customers Now Want The Cloud, Box Uses API Lego-Style Brick Theory To Connect More Data, Weve been working five years for this, to create the worlds first business cloud,, I dont need to do this, I just have got to find the biggest possible space, to be Facebook for your business., Weve been working five years for this, to create the worlds first business cloud,, I dont need to do this, I just have got to find the biggest possible space, to be Facebook for your business.. Josh Jamess duties as CEO will be taken over by John Mellor, most recently Chief Strategy Officer at Domo Inc. Josh Jamess move coincides with a management shake-up also involving the position of Chief Operating Officer. Its Class A common stock has 40 votes per share, and its Class B common stock has one vote per share.
Domo James sold Omniture to Adobe in 2009 for $1.8 billion. Sign up for notifications from Insider! Domo is one of the Utah companies that won no-bid state contracts at the beginning of the pandemic, along with Nomi Health and others as part of TestUtah.com, an effort to make testing more accessible that has since drawn controversy. Domo doesnt expect to take a short-term hit to its own revenue from the shift as it will primarily bring in new customers, says James, who adds that Domos revenue retention is as high as 200%, meaning customers are spending $2 for every $1 the previous year, a high mark for enterprise software. The business intelligence software industry is intensively competitive, with players having to constantly innovate and differentiate their features in order to attract and retain customers.
Domo names John Mellor as its new CEO, replacing founder Josh At the companys annual event in Utah called Domopalooza, James and Domo announced a new mobile-based app store and "business cloud" and $130 million in additional funding that maintains its valuation at $2 billion. As part of its app push, Domo said it has 1,000 partnered business apps in its new app store, while making its original core business free for most users. In its announcement about James, Domo also announced promotions and changes to its board of directors. Josh James $2 billion startup Domo just made a big reveal. Our net loss was $13.6 million, up from $9.8 million a year ago and our net loss per share was $0.41. Who obeys. John Mellor, chief
Domo being investigated by state over CEO's remarks NOW WATCH: What coronavirus stress is doing to your brain and body. Kehoe, the Domo spokeswoman, said "Josh feels great about the acquisition of Omniture to Adobe and how it became a bright shining star and a big chunk of Adobe's overall strategy and business.
Domo Who loses. A look at Domo's collaboration chat tools, Buzz. Whats going on: The Silicon Slopes tech summit allows tech leaders in Utah and beyond to come together for networking, learning and education in the tech field. Who can say it? Despite James' apparent reluctance to sell, analysts still think Domo is an attractive acquisition for big tech companies. Who is there.
Domo Who is successor. Ari Emanuel lets his AI alter ego open Endeavors earnings call, Sam Bankman-Fried increasingly isolated as another associate takes a plea deal. that values the company at $2 billion, the same valuation it reached in April of 2014 when it raised a previous $200 million from BlackRock. "It did come as a surprise, but now that Domo is public, perhaps James is looking for his next opportunity to create a startup," he said. Weve been working five years for this, to create the worlds first business cloud, says James, who founded Domo in 2010. Who is dismissed. Who speaks. Domo, the $2.28 billion Utah-based startup that's been promising an IPO for years, may finally be making a move. Who has headwind. Known in Utahs tech community as a successful entrepreneur, James co-founded Omniture with John Pestana and facilitated its $1.8 billion acquisition by Adobe before starting Domo. Who is zero. Domo received a no-bid contract to develop a $2 million coronavirus dashboard for the state. Who exits. James made headlines this year after he suggested Domo was awarded a Utah tax incentive worth up to $23 million to keep the company in Utah, even though he reportedly had no plans to relocate. Who is a friend. For businesses using Domo, data will flow in from its own sources on fixed intervals, such as every 5 minutes, and the spigot can be turned off at any time. The Push-out Score determined by exechange gauges the pressure surrounding Josh Jamess move on a scale of 0 to 10. exechange reached out to Domo and offered the company the opportunity to comment on the score. BYU alumnus and Domo CEO Josh James, opens the door to the Jimmer Meeting Room at Domo Headquarters in American Fork on Sept. 30. Who chairs. Who is a follower. People called it an "insta-unicorn,"meaning that by the time the tech world was paying attention, investors had already poured enough money into it that it was valued at more than $1 billion. The IPO wont change that materially. Who is victor. Total Enterprise Value to Total Revenue (ttm). WebThere are 1200+ professionals named "Josh James", who use LinkedIn to exchange information, ideas, and opportunities.