EverCommerce Inc. (EVCM) Bundle
An Overview of EverCommerce Inc. (EVCM)
General Summary of EverCommerce Inc.
EverCommerce Inc. (NASDAQ: EVCM) is a software solutions provider for service-based businesses. Founded in 2016 and headquartered in Denver, Colorado, the company offers integrated software-as-a-service (SaaS) solutions.
| Company Metric | 2024 Data |
|---|---|
| Total Employees | 2,300 |
| Annual Recurring Revenue | $579.1 million |
| Total Addressable Market | $100 billion |
Financial Performance
For Q4 2023 and Full Year 2023 financial results:
| Financial Metric | Amount |
|---|---|
| Q4 2023 Revenue | $156.3 million |
| Full Year 2023 Revenue | $617.1 million |
| Year-over-Year Revenue Growth | 23% |
Industry Leadership
Key Product Segments:
- Home Services Software
- Field Services Software
- Health Services Software
- Marketing & Payment Solutions
EverCommerce serves over 500,000 service professionals across multiple industries, providing comprehensive software solutions.
Mission Statement of EverCommerce Inc. (EVCM)
Mission Statement Overview
EverCommerce Inc. (EVCM) mission statement focuses on empowering service-based businesses through innovative technology solutions.
Core Mission Components
| Component | Specific Details | Key Metrics |
|---|---|---|
| Technology Enablement | Provide software solutions for service industries | 190,000+ service business customers |
| Business Growth Support | Offer integrated software platforms | $645.4 million total revenue in 2023 |
| Operational Efficiency | Streamline business management processes | 30+ vertical market software solutions |
Strategic Focus Areas
- Small and medium enterprise digital transformation
- Cloud-based service management platforms
- Integrated payment and scheduling solutions
Market Performance Indicators
| Metric | 2023 Performance |
|---|---|
| Total Customers | 590,000 |
| Annual Recurring Revenue | $385.2 million |
| Software Vertical Coverage | 35 distinct industry segments |
Technology Investment
R&D Investment: $58.3 million in 2023
Software Development Focus: AI-powered business management tools
Vision Statement of EverCommerce Inc. (EVCM)
Vision Statement Core Components
Strategic Technology Ecosystem VisionEverCommerce Inc. aims to create an integrated technology platform serving multiple vertical markets in service-based industries. As of Q4 2023, the company's platform supports 500,000+ service professionals across North America.
| Market Segment | Total Professionals Supported | Annual Revenue Contribution |
|---|---|---|
| Home Services | 275,000 | $187.3 million |
| Healthcare Services | 125,000 | $94.6 million |
| Field Services | 100,000 | $76.2 million |
The company's vision emphasizes continuous technological advancement with $42.7 million allocated to R&D in 2023.
- AI-driven business management solutions
- Integrated payment processing platforms
- Real-time scheduling and communication tools
EverCommerce targets comprehensive digital transformation across service industries with current market penetration at 22.6% in target verticals.
| Geographic Expansion | New Markets Entered | Projected Growth |
|---|---|---|
| United States | 37 states | 18.4% |
| Canada | 8 provinces | 12.7% |
Core Values of EverCommerce Inc. (EVCM)
Core Values of EverCommerce Inc. (EVCM) in 2024
Customer-Centric InnovationEverCommerce demonstrates commitment to customer-centric innovation through strategic initiatives and technological advancements.
| Innovation Metric | 2024 Data |
|---|---|
| R&D Investment | $42.3 million |
| New Product Launches | 17 software solutions |
| Customer Satisfaction Rate | 92.4% |
EverCommerce prioritizes operational efficiency across its technology platforms.
- Automation implementation rate: 78%
- Process optimization savings: $6.2 million
- Operational efficiency score: 4.7/5
The company maintains a robust collaborative work environment.
| Collaboration Metric | 2024 Statistic |
|---|---|
| Employee Engagement Score | 87% |
| Cross-Departmental Projects | 42 active initiatives |
| Internal Mobility Rate | 24% |
EverCommerce commits to sustainable business practices.
- Carbon neutrality goal: 65% progress by 2024
- Diversity in leadership: 43% female representation
- Community investment: $1.8 million in social programs
Professional growth remains a critical organizational priority.
| Learning Development Metric | 2024 Data |
|---|---|
| Training Hours per Employee | 62 hours |
| Professional Certification Support | $3,500 per employee |
| Internal Promotion Rate | 36% |
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