WalkMe Ltd. (NASDAQ: WKME), a leading provider of digital adoption
solutions, today announced it has entered into an alliance
agreement with Deloitte India, a global leader in Human Capital and
Business Transformation Consulting. Deloitte India has invested in
a dedicated team to make technology adoption solutions more broadly
available for clients across the region. Through the newly
established alliance agreement, WalkMe and Deloitte India will help
organizations in India reach their digital transformation goals by
maximizing technology investments.
As more organizations are realizing the value that digital
adoption strategies bring to their bottom lines, new programs and
initiatives are emerging to harness its potential. Digital Adoption
Platforms (DAP) offer tremendous value with proven ROI. According
to an IDC study,* companies have seen a 494% three-year return on
investment when using a DAP. Companies also benefit from 60% faster
user adoption of features and applications, 20% faster
time-to-market and 35% faster employee onboarding.
Digital adoption is the process by which companies help ensure
employees and customers are making the most effective use of their
digital assets. With more than 35 million users in over 160
countries, and 80% of the Fortune 10, WalkMe is the pioneer of DAP
technologies. For more than a decade, WalkMe has continued to
deliver digital solutions at scale to help organizations around the
world achieve their digital transformation goals by creating
frictionless and elegant digital experiences that reduce complexity
in the enterprise technology stack.
“The pandemic has further accelerated the process of the new
world of work,” Salman Siddiqui, Director - Consulting,
Deloitte India. “This includes the need to reimagine how
employees interact with applications, and how businesses can
successfully leverage digital transformation to facilitate
collaboration. We’re excited to collaborate with the leading
digital adoption innovator, WalkMe, to help our clients make the
most of their technology investments.”
“Digital adoption platforms have become the key to unlocking the
value of technology investments for organizations,” said
Jim Nairn, Senior Vice President of Strategic Alliances,
WalkMe. “We look forward to helping Deloitte India provide
their clients with the resources they need to maximize the impact
of their digital investments and realize their business goals.”
About WalkMe
WalkMe'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.
About Deloitte
Deloitte is one of the world’s largest and most diversified
professional services organizations, providing assurance &
advisory, tax, management consulting, and enterprise risk
management services through more than 410,000 professionals in more
than 150 countries. Our organization includes a unique portfolio of
competencies integrated in one industry-leading organization.
Deloitte Touche Tohmatsu India LLP (DTTI LLP) is a member firm
in India that provides non-audit consulting services. Our
experienced professionals deliver seamless, consistent services
wherever our clients operate. In India, Deloitte is recognized as
one of the country’s top professional services firms, with over
24,000 professional staff, across 13 cities. Our professionals are
proficient at delivering the right combination of local insight and
international expertise to our clientele drawn from across industry
segments.
Deloitte is well-equipped to deliver solutions to the complex
challenges faced by organizations across the public and private
sectors. Being one of the largest professional services
organizations, our edge lies in our ability to draw upon a
well-equipped global network and teaming this with customized
services at a local office.
https://www2.deloitte.com/in/en.html
*Source: IDC White Paper, sponsored by WalkMe, IDC White Paper:
The Business Value of WalkMe, IDC #US50860123, June 2023
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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