EngageSmart LLC

EngageSmart, Inc. engages in the provision of customer engagement software and integrated payments capabilities. Its operating segments include Enterprise Solutions and SMB Solutions. The Enterprise Solutions segment engages in SaaS solutions that simplify customer-client engagement primarily through electronic billing and digital payments. The SMB Solutions segment engages in the provision of end-to-end practice management solutions geared toward the wellness industry. The company was founded on December 7, 2018 and is headquartered in Braintree, MA.

Earnings data Q3 2021

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EngageSmart achieves record revenue and EBITDA in Q4 2022

EngageSmart delivered record revenue and adjusted EBITDA performance in Q4 2022, driven by strong customer growth and successful pricing changes, positioning the company well for future growth.
With a focus on automation, market expansion, and margin progression, EngageSmart is poised to capitalize on the U.S. market opportunity and drive sustained revenue growth in 2023.
Addressing challenges such as churn due to pricing changes and optimizing costs for margin expansion will be key focus areas for EngageSmart in maintaining its growth trajectory.

EngageSmart (ESMT) achieves record Q1 results, eyes growth opportunities

EngageSmart's Q1 performance showcased record revenue and EBITDA results, driven by strong customer growth, pricing strategies, and retention efforts.
The company's focus on customer-centricity, product innovation, and market potential positions it well for continued success and growth in the mental health care sector.
Challenges include seasonal fluctuations affecting ARPU, valuation concerns for M&A activities, and potential impacts of pricing changes on churn.
Opportunities lie in expanding digital payments, strengthening partnerships, and leveraging mental health care initiatives for growth and improved access to care.

EngageSmart reports record Q2 earnings, eyes telemedicine and acquisitions

EngageSmart's Q2 performance showcased strong financial results, driven by revenue growth, margin expansion, and strategic acquisitions.
The company's focus on operational efficiency, customer-centric approach, and long-term value creation positions it well for sustained growth.
Despite challenges in a competitive market, EngageSmart's strategic initiatives, financial stability, and growth opportunities bode well for future success.

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EngageSmart, Inc. engages in the provision of customer engagement software and integrated payments capabilities. It operates through the Enterprise Solutions and SMB Solutions segments. The Enterprise Solutions segment is involved in SaaS solutions that simplify customer-client engagement primarily through electronic billing and digital payments. The SMB Solutions segment focuses on the provision of end-to-end practice management solutions geared toward the wellness industry. The company was founded on December 7, 2018 and is headquartered in Braintree, MA.

Under the deal, stockholders of business-software company EngageSmart will receive $23 a share.

EngageSmart Stock Soars on Deal to Be Acquired for $4 Billion

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of EngageSmart, Inc. (NYSE: ESMT) to an affiliate of Vista Equity Partners for $23.00 per share in cash is fair to EngageSmart shareholders. Halper Sadeh encourages EngageSmart shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sadeh@halpersadeh.com or zhalper@halpersadeh.com. The investigation conce.

ESMT Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of EngageSmart, Inc. Is Fair to Shareholders

BOSTON--(BUSINESS WIRE)--EngageSmart, Inc. (NYSE: ESMT) (“EngageSmart” or “the Company”), a leading provider of vertically tailored customer engagement software and integrated payments solutions, today announced that it has entered into a definitive agreement to be acquired by an affiliate of Vista Equity Partners ("Vista"), a leading global investment firm focused exclusively on enterprise software, data and technology-enabled businesses, in an all-cash transaction valued at approximately $4.0.

EngageSmart Agrees to Be Acquired by Vista Equity Partners for $4.0 Billion

Shares of EngageSmart Inc. ESMT, -2.18% shot up 10.1% toward a one-year high in premarket trading Monday, before being halted for news, after The Wall Street Journal reported that Vista Equity Partners was close to buying the customer engagement software company in a deal valued at $4 billion. The WSJ report said that under terms of the deal, EngageSmart shareholders would receive $23 in cash for each EngageSmart share they own, which would represent a 13.9% premium to Friday's closing price of $20.20.

EngageSmart stock jumps toward a 1-year high after WSJ report that a $4 billion buyout deal was close

BOSTON--(BUSINESS WIRE)--EngageSmart, Inc. (NYSE: ESMT), a leading provider of vertically tailored customer engagement software and integrated payments solutions, has been named a 2023 Top Workplaces in Culture Excellence for Employee Well-Being, DE&I Practices, Employee Appreciation, and Professional Development. The recognition comes via Energage, a purpose-driven organization that develops solutions to build and brand Top Workplaces. The Top Workplaces program has a 17-year history of su.

EngageSmart Named to Energage's 2023 Top Workplaces in Culture Excellence for Employee Well-Being, DE&I Practices, Employee Appreciation, and Professional Development

EngageSmart (ESMT) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.

EngageSmart (ESMT) Soars 7.8%: Is Further Upside Left in the Stock?

BOSTON--(BUSINESS WIRE)--InvoiceCloud, an EngageSmart (NYSE: ESMT) solution for online bill payment services, has been named to PropertyCasualty360's Insurance Luminaries Class of 2023 in the category of Technology Innovation. This recognition celebrates innovation in the property and casualty insurance industry. The program spotlights top professionals, teams, organizations, programs, practices and products within the sector that strive to modernize and humanize the business. The 2023 honorees.

InvoiceCloud Selected for the 2023 PropertyCasualty360 Insurance Luminaries Awards

LOS ANGELES--(BUSINESS WIRE)--SimplePractice, an EngageSmart (NYSE: ESMT) solution and industry-leading platform simplifying the health and wellness experience for more than 178,000 solo and small group practitioners, today released the 2023 State of Therapist Well-Being Report. In honor of World Mental Health Day, SimplePractice surveyed 550 U.S.-based therapists—including counselors, social workers, and psychologists—to understand, quantify, and contextualize their burnout and its downstream.

Over Half of Therapists Have Experienced Burnout in the Past Year, According to SimplePractice Survey

BOSTON--(BUSINESS WIRE)--EngageSmart Inc., (NYSE: ESMT), a leading provider of vertically tailored customer engagement software and integrated payments solutions, has been named the winner of the following Stevie® Awards in the eighth annual Stevie Awards for Great Employers: EngageSmart solution SimplePractice was awarded Gold for Health, Wellness and Safety Solution Provider of the Year for the second year in a row EngageSmart was awarded Silver for Employer of the Year – Software (more than.

EngageSmart Honored with Multiple Wins at 2023 Stevie® Awards for Great Employers

BOSTON--(BUSINESS WIRE)--EngageSmart, Inc. (NYSE: ESMT), a leading provider of vertically tailored customer engagement software and integrated payments solutions, today announced that company executives will participate in the Goldman Sachs Communacopia & Technology Conference, taking place in San Francisco, California. Chief Executive Officer Bob Bennett will be interviewed in a fireside chat on Wednesday, September 6, 2023, at 10:50 a.m. PT (1:50 p.m. ET). Management will conduct meetings.

EngageSmart to Present at the Goldman Sachs Communacopia & Technology Conference in San Francisco on September 6, 2023

NIAGARA FALLS, N.Y. & BOSTON--(BUSINESS WIRE)--Aumentum Technologies and InvoiceCloud, an EngageSmart (NYSE: ESMT) solution for online bill payment services, today announced a new integrated solution to enhance the tax payment experience and streamline county tax offices' internal efficiencies. Since April 2022, Aumentum Technologies and InvoiceCloud have collaborated to architect numerous streamlined solutions to provide tax organizations with a robust payments and customer communications expe.

Aumentum Technologies and InvoiceCloud Transform the Digital Payment Experience for Tax Organizations and Their Constituents Through New Integrated Solution

BOSTON--(BUSINESS WIRE)--InvoiceCloud, an EngageSmart (NYSE: ESMT) solution for online bill payment services, announced it will attend the Utility 2030 (U2030) Collaborative Annual SPARK Meeting in Los Angeles, California. InvoiceCloud team members will participate in two speaking sessions during the event: On August 27, InvoiceCloud's Director of Enterprise Sales Carlyn Altheide will host an Ignite Talk, Breaking Barriers: Strategies for Removing Friction from Utility Billing, as part of an on.

InvoiceCloud Participating in the Utility 2030 Collaborative Annual SPARK Meeting

EngageSmart, Inc. (NYSE:ESMT ) Q2 2023 Earnings Conference Call August 3, 2023 8:30 AM ET Company Participants Josh Schmidt - Investor Relations Robert Bennett - Chief Executive Officer Cassandra Hudson - Chief Financial Officer Conference Call Participants Bhavin Shah - Deutsche Bank Robert Napoli - William Blair Tyler DuPont - Bank of America Merrill Lynch Terrell Tillman - Truist Securities, Inc. Michael Rackers - Needham & Company John Davis - Raymond James Jeffrey Van Rhee - Craig-Hallum Capital Group Tien-Tsin Huang - JPMorgan Operator Good morning. Thank you for attending today's EngageSmart Second Quarter 2023 Earnings Call.

EngageSmart, Inc. (ESMT) Q2 2023 Earnings Call Transcript

Although the revenue and EPS for EngageSmart (ESMT) give a sense of how its business performed in the quarter ended June 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

EngageSmart (ESMT) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

EngageSmart (ESMT) came out with quarterly earnings of $0.07 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.04 per share a year ago.

EngageSmart (ESMT) Q2 Earnings Match Estimates

LOS ANGELES--(BUSINESS WIRE)--SimplePractice, an EngageSmart (NYSE: ESMT) solution and industry-leading platform simplifying the health and wellness experience for more than 178,000 solo and small group practitioners, announced it has entered into a strategic agreement to acquire assets of Luminello, an electronic medical record and practice management platform supporting thousands of solo and small group psychiatrists, psychiatric nurse practitioners, psychologists and other prescribing medica.

SimplePractice Announces Strategic Purchase of Assets of Luminello

BOSTON--(BUSINESS WIRE)--EngageSmart, Inc. (NYSE: ESMT), a leading provider of vertically tailored customer engagement software and integrated payments solutions, today reported financial results for the second quarter ended June 30, 2023. “Extending our proven track record of success, we achieved another remarkable quarter and delivered record revenue of $94.4 million, net income of $4.3 million, and adjusted EBITDA of $19.4 million. Our excellent results in both SMB and Enterprise demonstrate.

EngageSmart Announces Second Quarter 2023 Results

BOSTON--(BUSINESS WIRE)--EngageSmart, Inc. (NYSE: ESMT), a leading provider of vertically tailored customer engagement software and integrated payments solutions, today announced that company executives will participate in the KeyBanc Technology Leadership Forum, taking place in Vail, Colorado. Chief Financial Officer Cassandra Hudson will be interviewed in a fireside chat on Monday, August 7, 2023, at 9:00 a.m. MT (11:00 a.m. ET). Management will conduct meetings with investors at the conferen.

EngageSmart to Present at the KeyBanc Technology Leadership Forum in Vail on August 7, 2023

BOSTON--(BUSINESS WIRE)--EngageSmart, Inc. (NYSE: ESMT), a leading provider of vertically tailored customer engagement software and integrated payments solutions, will report second quarter 2023 financial results before the market opens on Thursday, August 3, 2023. Management will host a conference call to discuss the results at 8:30 a.m. ET. The conference call will be webcast live on EngageSmart's investor relations website at https://investors.engagesmart.com/events-and-presentations/events.

EngageSmart to Announce Second Quarter 2023 Financial Results on August 3, 2023

In hindsight, the second half of 2021 was a particularly inauspicious time for a company to go public, but that's the fate that EngageSmart Inc. NYSE: ESMT suffered.

Can Recent IPO EngageSmart Rally On Triple-Digit EPS Growth?

BOSTON--(BUSINESS WIRE)--EngageSmart, Inc. (NYSE: ESMT), a leading provider of vertically tailored customer engagement software and integrated payments solutions, has been named to Energage's 2023 Top Workplaces in Technology list. The confidential survey uniquely measures 15 culture drivers that are critical to the success of any organization, including alignment, execution, and connection, just to name a few. The list is based entirely on employee feedback gathered through a third-party surve.

EngageSmart Named Top Workplace in Technology 2023

LOS ANGELES--(BUSINESS WIRE)--SimplePractice, an EngageSmart (NYSE: ESMT) solution and industry-leading platform simplifying the health and wellness experience for more than 169,000 solo and small-group practitioners, announced the launch of SimplePractice Learning Pass. The subscription service enables group practice owners and administrators to invest in their practitioners' professional and clinical development, with unlimited access to a growing digital library of continuing education (CE).

SimplePractice Launches Learning Pass to Support Education Across Group Practices

EngageSmart is capitalizing on the demand for digital interactions in the behavioral health sector, with a focus on innovative product strategies and effective go-to-market approaches. The company's vertical approach in the practice management platform space and emphasis on customer success contribute to strong unit economics and position it well for ongoing industry trends. I have an end of year price target of $30 on the stock.

EngageSmart: Capitalizing On The Growing Demand For Digital Interactions

CINCINNATI--(BUSINESS WIRE)--DonorDrive, an EngageSmart (NYSE: ESMT) solution and creator of an advanced enterprise digital fundraising solution, is proud to celebrate customers AIDS/LifeCycle, American Foundation for Suicide Prevention, Children's Miracle Network Hospitals, Covenant House, National Alliance for Mental Illness (NAMI), Team World Vision, and National Multiple Sclerosis Society for being recognized among the Top 30 U.S. Peer-to-Peer Fundraising Programs by the Peer-to-Peer Profes.

DonorDrive Celebrates Customers Named to Peer-to-Peer Forum's Top 30 U.S. Peer-to-Peer Fundraising Programs List

ESMT remains a buy due to its consistent growth, healthy EBITDA margins, and focus on digitization of consumer bill payment processes and mental healthcare services. ESMT's underlying momentum is supported by robust quarterly transaction volume growth, expansion into new markets, and a promising outlook for FY23 and FY24. The company's 70+% gross margin suggests ample room for further EBITDA margin expansion.

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