Who is selected. Youd think, Who owns that house,' or, Who owns that company,' James said. Do Not Sell or Share My Personal Information, Work phones make a comeback as offices ban WhatsApp, TikTok, The cameras know who you are. Josh James, Founder and CEO, Domo - Josh James Its been a huge blessing for my family personally because weve had to end up using it, Stephan said. Who accepts. I dont need to do this, I just have got to find the biggest possible space, to be Facebook for your business. So for those skeptical if theyll hear a similar story again in one years time? Who can say it? Catherine Wong, Domos chief product officer and executive vice president of engineering since 2013, was promoted to chief operating officer. Who contributes. Sign up for notifications from Insider! 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. Who sees red. 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 $1 billion. Facebook gives people the power to share and makes the Who is hero. Copyright 2010 - 2023, TechTarget Who is blamed. This wouldnt be acceptable even if Domo were going gangbusters. The Salt Lake Tribune, Inc. is a 501(c)(3) public charity and contributions are tax Who resigns. "It's easy to imagine James looking for a fresh start.". BYU alumnus and Domo CEO Josh James, opens the door to the Jimmer Meeting Room at Domo Headquarters in American Fork on Sept. 30. Read the full story in the exechange report 10.2022 ($). Industry analyst Ray Wang of Constellation Research identified SAP and Google as potential acquirers, while other names that have come up include Amazon Web Services and Salesforce. As for James crowing about the lack of competition, you can treat that statement as inoperative. Among the risk factors listed in its disclosure is that we face intense competition, and we may not be able to compete effectively.. WebJosh James, Founder/CEO of Domo (& Founder/CEO of Omniture) shares learnings from building two unicorns. Domo is led by its charismatic founder CEOJosh James, who previously founded Omniture and sold it to Adobe for over $1 billion in 2009. Budgeting Amid Todays Macro Uncertainty: Advice From a CFO, Telemundo Debuts El Domo Del Dinero, The First Original Reality Competition Shot In Its Own Studios, After 5x Recovery, Domo Has No More Room To Grow, The CIO-Plus Of Vivint Smart Home Named To The Board Of Domo. This means that Domo could be a benefit to just about any buyer. Members of the public flooded the State Capitol again on Tuesday. Who leaves for good. Who is humbled. The event kicked off with Qualtrics founder Ryan Smith and DOMO founder Josh James speaking about the importance of tech and Utah. Domo chief takes unconventional path to build his firm and Silicon (Credit: Rebecca Ricks/Domo). Who suffers. No, I don't want to sell, but there's the reality of also having to face whatever is taking place with your ability to execute out there in the marketplace. Domo BI update includes app development, multi-cloud Domo management expansion signals strategic shift. 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. EPS and Revenue estimates are for the next 12 months. Domo founder and CEO Josh James began his keynote last year with a group of dancing ninjas. Donate to the newsroom now. 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. The startup from Silicon Slopes, Utah, is turning heads with In an attempt to boost the tech sectors visibility in Utah, he created a group called the Internet Roundtable in 1999. 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. Even before Domo reported its earnings this week, Cowen analyst Derrick Wood told Business Insider that the company's bull run wouldn't be likely to turn away a would-be buyer, even if the price tag may have gone up a little bit. The two bankers, who have worked with Domo in the past, told Business Insider that James has indicated he wanted Domo to stay independent. Who is family. James resigned his employment with the Company effective March 1, 2022.. Josh James Says James: Haters gonna hate., This is a BETA experience. A Domo spokesperson declined comment. Domo, the $2.28 billion Utah-based startup that's been promising an IPO for years, may finally be making a move. Known in Utahs tech community as a successful entrepreneur, James co-founded Omniture with John Pestana and facilitated its $1.8 billion acquisition by Adobe before starting Domo. James was the co-founder of Omniture, Inc., a provider of online business optimization products and services, and from 1996 to 2009, he served as its chief executive officer. (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';fnames[1]='FNAME';ftypes[1]='text';fnames[2]='LNAME';ftypes[2]='text';fnames[3]='MMERGE3';ftypes[3]='text';fnames[4]='MMERGE4';ftypes[4]='text';}(jQuery));var $mcj = jQuery.noConflict(true); exechange publishes weekly reports ($) on capital market-relevant executive changes. Who is at eye level. Shares closed more than 10% higher on Friday, sending its market cap up to about $925 million quadruple what it was at its 52-week low. Who packs out. Previously, Carine Clark held leadership positions in software, market research and marketing companies. Some of James pronouncements from a year ago havent quite panned out. Who is first. Its so important that we highlight women and minorities that are having success so that everyone sees that success, James said. Despite James' apparent reluctance to sell, analysts still think Domo is an attractive acquisition for big tech companies. Domo declined to comment on potential M&A activity. This website uses cookies so that we can provide you with the best user experience possible. The way to sit here was not a simple process. In addition to its revenue growth, Domo continues to add new features and capabilities to its analytics platform. In addition to trying to promote equal representation in positions of leadership, the Silicon Slopes nonprofit also strives to help Utah in other ways. Who is up. We face intense competition, and we may not be able to compete effectively. Domo making app development a focus of analytics Data stewardship: Essential to data governance strategies, Successful data analytics starts with the discovery process, AWS Control Tower aims to simplify multi-account management, Compare EKS vs. self-managed Kubernetes on AWS, Learn the basics of digital asset management, How to migrate to a media asset management system, Oracle sets lofty national EHR goal with Cerner acquisition, With Cerner, Oracle Cloud Infrastructure gets a boost, Supreme Court sides with Google in Oracle API copyright suit, Pandora embarks on SAP S/4HANA Cloud digital transformation, Florida Crystals simplifies SAP environment with move to AWS, Process mining tool provides guidance based on past projects, Do Not Sell or Share My Personal Information. Its accumulated deficit as of April 30 is more than $803 million. Who decides. He is nowadays dwelling in the most prosperous town in the world, that is not his hometown. 2018 is already shaping up to be a good year for enterprise tech IPOs with Dropbox now public and Pluralsight,Zuora, DocuSign, SmartSheet, and Pivotal all filing their paperwork and waiting in the wings. James wanted to create a way for people in Utah to see that the CEOs of big tech corporations were not that different from them. Who is familiar. 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. With the IPO filing on June 1, however, the curtain has opened on Domos performance. Who leaves early. Domo recently announced its first ever quarterly results since it went public in June, and the overall picture for the business intelligence company hasnt really changed much over the months since its IPO filing first gave investors a look at its operating figures. I think thats one of the things that distinguishes Josh James. Domo offers cloud software for "business intelligence and analytics." Stay up to date with what you want to know. Who is confidant. Who lies. Similarly, David Menninger, an analyst at Ventana Research, said James' departure was a surprise but not evidence of any problems at Domo. Workday co-CEO Aneel Bhusri to leave post, SPS Commerce CEO Archie Black leaves post, Workiva CEO Marty Vanderploeg leaves post. Within days, James was working from his hospital bed. 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. A look at Domo's collaboration chat tools, Buzz. Domo offers cloud software for "business intelligence and analytics." Who helps. Who is victim. Domo CEO Josh James Makes Embarassing Comments at Thats the downside of how James has structured his company. In addition, Catherine Wong, Domo's chief product officer and executive vice president of engineering since 2013, was named chief operating officer. Silicon Slopes: Qualtrics CEO says Everything I got came from Who kicks back. Who is there. Josh James, Domo's founder, stepped down Monday from his positions as CEO, chairman and member of the vendor's board of directors. Domo also has spent $600,000 for catering services from Cubbys Chicago Beef, which describes itself as a cute little sandwich and salad restaurant. Its owned by Josh James and his brother Cubby. Who fights for honor. "It's been a real challenge for business leaders over the past two years, starting with the pandemic and now heading into geopolitical instability," he said. Who is good. His concentration, dedication, and hard work have assisted him to get this position. In the agreement related to his departure as CEO, James agreed to vote in favor of the election of boards nominees for director and against the removal of any board member at Domos 2022 annual meeting. Follow @hiltzikm on Twitter, see his Facebook page, or email michael.hiltzik@latimes.com. WebThere are 1200+ professionals named "Josh James", who use LinkedIn to exchange information, ideas, and opportunities. Who congratulates. Subscription revenue, key for the cloud-native analytics vendor, represented 85% of total fourth-quarter revenue and was up 19% year over year, and for the full year represented 86% of total revenue and was up 21% year over year. "Josh has said numerous times he would love to be running Domo when he's 70 years old; but he's also said numerous times he will always look at any acquisition offer that comes along as it is the responsibility that he has to shareholders," Domo spokeswoman Julie Kehoe said. Who is bad. Required fields are marked *. Regardless of Domo's newly-solid footing, however, it's long been eyed as a potential takeover target. Who gives in. He also previously co-founded and served as CEO of Omniture, a web analytics company. WebDomo, a Utah-based data-analytics company currently valued on the public markets at just shy of $1 billion, is expected by many analysts to be the next big cloud acquisition target. He chalked this up to Utah being known at the time for having multi-level marketing companies as well as skincare companies, but James saw that Utah had the potential to become a tech powerhouse. Who commands. 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. 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. Domo did not give an explicit reason for Josh Jamess departure from the CEO post. Domo said: Domo, Inc. (Nasdaq: DOMO) today announced a leadership transition, effective immediately, that leverages the breadth and depth of the companys existing talent to promote continued growth.. Tableau Software is a major player in the business intelligence market, though the space is becoming increasingly competitive. Josh James Domo; Founder/CEO Omniture Founder/CEO Orem, UT. Box Who gives up. Hes also a sign of a crisis, ChatGPT who? Who comes. It is backed by some heavy hitters includingBlackRock, Greylock and Benchmark. The company held its "organizational meeting" last week, which is a first step as a company files the IPO paperwork, Recode'sTheodore Schleifer reported. Editors note This story is available to Salt Lake Tribune subscribers only. To accomplish this, James has invited his employees families to Halloween parties at the office and tailgates for BYU vs. Utah games. Who is host. James beneficially owns all outstanding shares of Class A common stock through Cocolalla, LLC, of which he is the managing member, and as of January 31, 2022, beneficially controlled approximately 82% of the voting power of our outstanding capital stock and therefore is able to control all matters submitted to our stockholders for approval, the annual report said. Who is missed. Domo, +2 more Domos even setting up its own investment fund to put $50 million into supporting its new ecosystem. You can find out more about which cookies we are using or switch them off in settings. Domo said: Josh James has stepped down as the companys CEO, Chairman and as a director., Domo further said: Mr. Who has tailwind. Back then, James also talked about a five-year process to integrate data sources in a card-based system; he even announced new funding. , which announced an $80 million fund in December. Who steps down. "It is a fact that in some cases for some companies it makes sense to join forces with an acquirer.". But James has been heavily disinclined to sell, two banking sources told Business Insider. Josh James is on Facebook. Who is major. Who is a leader. Who quits. The business intelligence company is burning cash at an alarming rate, and has limited cash on hand. Those comments found Domo CEO Josh James under investigation by the Governor's Office of Economic Opportunity into whether or not he violated an agreement with the state. It competes with a whole slew of other business-intelligence tools, including Tableau and Anaplan. Now, James makes sure to give back to the school whenever he can, including speaking at events held by the Marriott School of Business and giving monetary donations to the Young Ambassadors program, who he performed with as a student. analysts identified Domo as a likely candidate to be the next big cloud acquisition, securities filing from the Omniture acquisition. In pink tops and white pants, women celebrate free period products becoming available in Utahs state buildings, Proposal to boost Utah bar licenses gets smaller with another round of cuts by lawmakers, Moab, Park City cry foul as Utah lawmakers target rules for vacation homes. Investing in Domos success starts with our employees, as they are the foundation of this business, said Josh James, Domo founder and CEO. You also can contact with him through Facebook, twitter and email. It isnt. Who is groomed. Who goes through hell. 2023 Forbes Media LLC. Domo This introduction explores What is media asset management, and what can it do for your organization? Utah wraps up investigation into Domo 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 Domo, a Utah-based data-analytics company currently valued on the public markets at just shy of $1 billion, is expected by many analysts to be the next big cloud acquisition target. But Domo seems to have rebounded, with the company reportingbetter-than-expected first-quarter results on Thursday. (Domo actually is part of the Salt Lake City regions Silicon Slope, one of several regional offshoots of Silicon Valley.). It takes a company's data from hundreds of applications and turns it into charts, graphs, insights. James has been talking about this IPO since 2015. In James set-up, he showed off the different metrics needed for board meetings with his investors (but not too closely for FORBES to see all the data). The days most visible group was Mothers Demand Action, members of which crowded the halls in a sea of red as they advocated lawmakers for gun control measures. (Sydnee Gonzalez) Who steps back. Earlier this year, analysts identified Domo as a likely candidate to be the next big cloud acquisition, especially after Salesforce bought Tableau, a major rival to the company, and Google snatched up the similar Looker. "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.". "But I have to admit, I am always surprised when founders stay as long as James did.". Who is over. Sign up for notifications from Insider! Who is invested. He founded Silicon Slopes, an initiative with the mission to promote the interests of Utahs high-tech industry and is a board member of Parity.org, where he was a co-founder of the Parity Pledge initiative. Follow her on Twitter @elisynkay. Who is at C-level. Who says what. See DAM systems offer a central repository for rich media assets and enhance collaboration within marketing teams. We had the youngest and most educated population in the country, James said. The IPO wont change that materially. He called Nehal Raj, a principal at TPG, which was on the point of agreeing to lead a new round of funding for The board may require Pestana to to be recused, or may restrict his access to information, in connection with any future proposals from James, the agreement adds. Who is refunded. Now Utahs tech sector is booming. Josh James, Domo founder and CEO, talks about bringing personal protection equipment to Utah as KN95 masks and eye protection are unloaded from a plane at the Salt Lake City International Airport on Wednesday, April 15, 2020. Centered around Domos own app, Domo Mobile, it includes an app store of business tools and partners (think Thank you for supporting local journalism. (Rick Egan | The Salt Lake Tribune) Ed Catmull, then-president of Pixar and Walt Disney animation studios, visits with Josh James, then-CEO of Domo, at Domopalooza 2017 in Salt Lake City. Heres a list, Dr. Simi is thrown at pop stars including Dua Lipa and Rosala. After selling Omniture to Adobe for $1.8 billion in 2009, Josh James' next act is Domo, a company that offers business analytics and other operational insights pulling from a range of sources into one app. 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. The company faced hurdles early on in the coronavirus crisis, slashing its headcount by a reported 10% as part of a $30 million cost-saving plan, even as Morgan Stanley speculated that the situation might exacerbate some of Domo's pre-existing problems when it came to its closing deals. I suspect Mellor's style will be different, and it probably makes sense for him to have a different style.". Domo CEO Josh James steps down, John Mellor promoted Again. Domos new fund to invest in partners follows a playbook established by other would-be business ecosystem leaders like Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. Who mourns. Who goes ahead. Meanwhile, Domo frequently partners with SAP-owned Qualtrics, which is also headquartered in the Provo, Utah area. Whos in. I'm certainly not opposed to selling the company. The question not being answered in the registration statement is: Whats the upside? Data is no longer a currency only to be banked, but is the fuel that drives the business, it said in its recently filed annual report. Who is minor. Someones got to be on top. "It's John's boat to drive now, and I'm thrilled to watch him captain the ship," James said at the start of Domo's earnings call. Durling has served as Chief Information and Digital Enablement Officer at Vivint Smart Home Inc. since early 2017. 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. Domo Meet Datanami 2021 Person to Watch Josh James SAP seems like a likely suitor. Total revenue increased 23%, from just under $57 million during the fourth quarter ended Jan. 31, 2021, to nearly $70 million during the most recent quarter. Who fights for money. It would have been helpful as a small From Feb. 1, 2016 through last April 3, the bill has come to $1.8 million. Who reigns. Domo employee Domonique Stephan said she realized she would need to take advantage of the benefit, which helps employees pay for in vitro fertilization or other fertility services, a few months after she was hired. Who earns it. Who leaves. Kristin Murphy, Deseret News 8of 9 Slack Many organizations struggle to manage their vast collection of AWS accounts, but Control Tower can help. "I obviously have an aligned and substantial interest in Domo doing well, and I'll continue to be the biggest curator.". (The menu does look delicious, but there must be caterers in American Fork, Utah, that arent owned by the boss, remarked Shira Ovide of Bloomberg). It had been in stealth mode until then, its founder and chief executive, Josh James, explained, building up its customer base and refining its products in secret. We keep you up to date on the latest CEO changes. Domo Technologies is no longer on the coveted list of unicorns, with the business intelligence company recently filing to go public at a valuation of roughly half a billion dollars. Who has to go. Who means well. The acquisitions of Tableau and Looker prove that data analytics is a hot market, with Domo as one of the last large independent companies. Domo has raised nearly $730 million in venture funding all told, and was valued at $2.28 billion in 2017, after its latest $115 million round in December 2017. If the kids are like, My mom works at the coolest place in the world, or, My dad works at an awesome place, then mom or dad has got a lot of pride in where they are and where they work, and theyre going to stay here, he said. I sold Omniture when we felt like we should have sold Omniture and it was the right time.". Who fits. James owned nearly all of Domo's voting power at the time of the company's IPO in June 2018. He previously founded Omniture, an online data analytics service that he sold to Adobe in 2009 for $1.8 billion. 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. WebJosh James, Founder and CEO, Domo. Whos number 1. Who is Who. Salesforce just spent $15.3 billion on Tableau in its biggest deal ever, meaning it might be disinclined to write another large check for a similar company, Wang notes. Privacy Policy A glance through Domo Technologies IPO filing raises several red flags. A company agreement with James, filed with the Securities and Exchange Commission, says that if Pestana leaves the board before the agreement terminates in 2023, James will be entitled to identify a new independent director to replace him. Now they want to use AI to find your friends too. one analyst recently told Business Insider, Business Insider's homepage for more stories. Josh James Prior to Domo, James was best known for selling his previous company Omniture to Adobe for $1.8 billion in 2009. Its been really cool because it has allowed us to change the face of the state, James said. Why Domo's IPO Valuation Is Down Over 75% From Its Last Funding Round, Domo's Rumored $2 Billion Valuation Looks Steep Given Operating Metrics, Competition, Utah Unicorn Domo Files To Go Public, Latest Tech Startup To Cash In On IPO Rush, American Dream Leadership Series #3: Catherine Wong, DOMO, Do Not Sell or Share My Personal Information, Limit the Use of My Sensitive Personal Information. James has also shown signs in the last several months of being at least open to discussions about a possible acquisition. Sign up and receive our free newsletter every Monday morning. How Much Can Domo Grow Its Revenues In The Coming Years? In the first quarter ended April 30, it lost another $45.5 million on revenue of $32 million. Josh James, Domo's founder, stepped down Monday from his positions as CEO, chairman and member of the vendor's board of directors. I used to waste three days prepping for a board meeting. Now, he says, board members can just check their phones at the end of a quarter or sales push and hit refresh. 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. Your email address will not be published. Domo also announced it has raised $131 million in new funding from a mix of billionaire founders and 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. He was also the co-founder of Omniture, which was acquired by Adobe in 2009. Domo also announced that the Board of Directors has elected Carine Clark as Executive Chair and appointed John Pestana as a new independent director. Domo Launches 'Business Cloud,' Makes Its "I hadn't heard any rumors of him stepping down," he said. 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.