Silicon Slopes: Qualtrics CEO says Everything I got came from Who is in quest. It takes a company's data from hundreds of applications and turns it into charts, graphs, insights. In fact, that confidence led him to drop out of BYU only a few classes shy of graduation. Who is major. Domo offers cloud software for "business intelligence and analytics." Who is a friend. Replacing James as CEO and joining the American Fork companys board of directors is John Mellor, 55, Domos chief strategy officer since 2019. 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. Prior to Domo, James was best known for selling his previous company Omniture to Adobe for $1.8 billion in 2009. Similarly, David Menninger, an analyst at Ventana Research, said James' departure was a surprise but not evidence of any problems at Domo. ( Rick Egan | The Salt Lake Tribune ) Josh James, CEO/founder of Domo, at right, speaks with Ed Catmull, president of Pixar and Walt Disney animation studios and In a shuffling of its board of directors, Carine Clark, who joined the board in 2019, was appointed as executive chair. Who excites. Who is invested. Who is a bigwig. Josh and his team built it into a mature, meaningful, standalone business after running it for thirteen years and three years as a public company. Many organizations struggle to manage their vast collection of AWS accounts, but Control Tower can help. Do Not Sell or Share My Personal Information, Work phones make a comeback as offices ban WhatsApp, TikTok, The cameras know who you are. The new-look Domo is focused on the company'sjust-unveiledbusiness cloud. Domo declined to comment on potential M&A activity. Meanwhile, the company was in the spotlight amid the crisis, with Vice President Mike Pence highlighting the company's work with the Iowa state government to expand access to COVID-19 testing. Who lies. Its been really cool because it has allowed us to change the face of the state, James said. Domo Who scolds. 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. 6:32 p.m.: This post has been updated with the companys declining to comment on its registration statement. Josh James $2 billion startup Domo just made a big reveal. Who benefits. The IPO wont change that materially. Who accepts. Facebook gives people the power to share and makes the world more open and connected. Who tumbles. Join Facebook to connect with Josh James and others you may know. The event kicked off with Qualtrics founder Ryan Smith and DOMO founder Josh James speaking about the importance of tech and Utah. James said that hearing from families who have benefitted from a program he approved is one of the best parts of his job. Domos using a hybrid cloud architecture to support the cloudand keep data secure for its customers, using some Amazon Web Services and some of its own data centers. In the first quarter ended April 30, it lost another $45.5 million on revenue of $32 million. Within days, James was working from his hospital bed. 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. Who is thrilled. Who bows. Josh founded Domo in 2010 to transform the way CEOs and other executives manage their business and to help drive value from the tens (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. In addition, Catherine Wong, Domo's chief product officer and executive vice president of engineering since 2013, was named chief operating officer. Different people have different leadership styles. Who suffers. In 2015, Domo burst onto the scene with little warning. Someones got to be on top. Asked during the company's Domopalooza conference in March whether it was time to considering selling the business to a larger vendor like SAP or Oracle or Microsoft, James said: "We always take inbounds when we come. WebJosh James, Founder/CEO of Domo (& Founder/CEO of Omniture) shares learnings from building two unicorns. He called Nehal Raj, a principal at TPG, which was on the point of agreeing to lead a new round of funding for With the IPO filing on June 1, however, the curtain has opened on Domos performance. "It is a fact that in some cases for some companies it makes sense to join forces with an acquirer.". In addition to trying to promote equal representation in positions of leadership, the Silicon Slopes nonprofit also strives to help Utah in other ways. He currently serves on the board of a newly organized special purpose acquisition company. Bankers have informally approached James with encouragement to sell Domo,but James has rebuffed the idea, the two banking sources say. Facebook gives people the power to share and makes the Please enable Strictly Necessary Cookies first so that we can save your preferences! Use Forbes logos and quotes in your marketing. reported 10% as part of a $30 million cost-saving plan, better-than-expected first-quarter results on Thursday, the company was in the spotlight amid the crisis. Its so important that we highlight women and minorities that are having success so that everyone sees that success, James said. It took me four years to get rid of liquidation preferences at Omniture, says James, referring to provisions that often guarantee later investors get paid a certain amount or receive additional shares at an IPO. Josh James Domo; Founder/CEO Omniture Founder/CEO Orem, UT. Total Enterprise Value to Total Revenue (ttm). "But I have to admit, I am always surprised when founders stay as long as James did.". Ari Emanuel lets his AI alter ego open Endeavors earnings call, Sam Bankman-Fried increasingly isolated as another associate takes a plea deal. 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 sees green. Domo Is a Prime M&A Target, but Its CEO Doesn't Want to Sell: Josh James, Domo's founder, stepped down Monday from his positions as CEO, chairman and member of the vendor's board of directors. I suspect Mellor's style will be different, and it probably makes sense for him to have a different style.". Youd think, Who owns that house,' or, Who owns that company,' James said. How Josh James landed $125 million in funding from his (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). Contact Ashley Stewart via email atastewart@businessinsider.com, message her on Twitter @ashannstew, or send her a secure message through Signal at 425-344-8242. Who repeats. 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. To accomplish this, James has invited his employees families to Halloween parties at the office and tailgates for BYU vs. Utah games. 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. Who will be back. As Domo offered 9.2 million shares at $21 apiece (slightly above the mid-point of its $19-$21 price range), the gross proceeds were $193 million. Domo offers cloud software for "business intelligence and analytics." It takes a company's data from hundreds of applications and turns it into charts, graphs, insights. Who is good man. Who is there. (function($) {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. "He's intelligent and knowledgeable about the market and has helped lead the company to this point in its growth," Menninger said. Domo also announced that the Board of Directors has elected Carine Clark as Executive Chair and appointed John Pestana as a new independent director. However, in 2016, Domo insiders told Business Insider that some of the company's offerings were still somewhat immature at that point, and that the company tended toward hype, as many startups often do. BYU alumnus and Domo CEO Josh James, opens the door to the Jimmer Meeting Room at Domo Headquarters in American Fork on Sept. 30. The business intelligence software firm Domo Inc. announced a surprise leadership change today, naming John Mellor its new chief executive officer. Domo However, like many companies in their early years, Domo has yet to turn a profit and reported a net loss of $33.2 million during the fourth quarter and $102.1 million for fiscal 2022. The The question not being answered in the registration statement is: Whats the upside? Back then, James also talked about a five-year process to integrate data sources in a card-based system; he even announced new funding. James attended Brigham Young University for three and a half years and studied entrepreneurship. Josh James & Domo: DoubleUnicorns How Things Are Different Domos even setting up its own investment fund to put $50 million into supporting its new ecosystem. James has been talking about this IPO since 2015. James says the skepticism of potential public investors and those who might doubt Domos high valuation or size is misplaced. Follow her on Twitter @elisynkay. Who is hostile. Domo CEO Josh James onstage at Domopalooza in 2015. In a demo for Forbes the week before the announcement, James showed off the Domo Mobile apps card-based design that allows users to pick what charts and data they want to see the most and then arrange each as a card to toggle through within the app. Anthony Pompliano Net Worth Phone Number, House Address, Wiki, Ashley Massengill Net Worth | Bio, Family, Address, Career, Atlas Monroe Net Worth | Age, Height, Weight, Dating And More, Beyonce S Net Worth Phone Number, House Address, Wiki, Blue Ivy Net Worth Phone Number, House Address, Wiki. Follow him on Twitter at twitter.com/hiltzikm and on Facebook at facebook.com/hiltzik. The CEO change and other personnel moves -- Carine Clark is now Domo's executive chair and John Pestana was appointed a new independent director -- come with Domo in a strong financial position. Bigger businesses that want administrative support and oversight will be able to try those tools for 60 days before paying. Catherine Wong, VP Product at Domo, talks about leadership and what motivates her. From the start, James said he had no doubts that his web analytics company, Omniture, would be successful. 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. 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. Thats a problem for Domo, because the rise of passive investments keyed to stock indexes means that many investors wont be buying its stock. Who is up. 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. We face intense competition, and we may not be able to compete effectively. Who soothes. Now Utahs tech sector is booming. Josh James has stepped down as the companys CEO, Chairman and as a director. 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. Who regrets. From sales rep productivity to gross renewal rate, Domo CFO Bruce Felt highlights which company metrics to track when budgeting during todays macro uncertainty. 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. 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. Who exits. In an attempt to boost the tech sectors visibility in Utah, he created a group called the Internet Roundtable in 1999. Who is first. 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. Eventually, others joined the cause, including other tech CEOs from around the state. It's like digital asset management, but it aims for With its Cerner acquisition, Oracle sets its sights on creating a national, anonymized patient database -- a road filled with Oracle plans to acquire Cerner in a deal valued at about $30B. Who is minor. I look forward to seeing the next generation of management take Domos performance to the next level.. Can religion save us from Artificial Intelligence? Josh James is on Facebook. Durling has served as Chief Information and Digital Enablement Officer at Vivint Smart Home Inc. since early 2017. 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. 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. You may get in touch with him by calling his office phone. Who is host. A look at Domo's collaboration chat tools, Buzz. Who has to go. Who is at C-level. Currently, there is a lot of positive discussion and criticism about him. Customers have been happy, and we have more juice coming, James says. Josh James How to assess the Push-out Score: a 10-step guide. "The question will be what his style is as CEO. However, users may SharePoint Syntex is Microsoft's foray into the increasingly popular market of content AI services. Who prompts. Domo insiders say that CEO Josh James faced a sharp backlash, and eventually apologized, after telling a story at an all-hands meeting that made many 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 is confidant. It is backed by some heavy hitters includingBlackRock, Greylock and Benchmark. Rising from $8 to $37 off the recent bottom, the price gained more than the broader S&P 500 index, which moved 48%. Can Domo Effectively Compete With Tableau In The Near Term? Who fights for money. Who is chief. Who is down. The registration statement reveals that Domo will have a two-class stock structure, with Class A, owned entirely by James, granted 40 votes per share; Class B, owned by everyone else, will be granted one vote per share. 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 Technologies became the latest tech unicorn to reveal its plans to go public over recent months, as the business intelligence company filed for an IPO with the SEC recently. Hes willing to go against convention and try new things, and thats not always easy.. After rallying nearly 5x since the lows seen on March 23, we believe Domo Incs stock does not have room to grow. Catherine Wong, Domos chief product officer and executive vice president of engineering since 2013, was promoted to chief operating officer. Who is ousted. 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. 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. Who is zero. Who fights for honor. Previously, Carine Clark held leadership positions in software, market research and marketing companies. 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. The terms for the new money, James says, were clean. He has some kind of unconventional rules, Dyer said about James business strategy. Who has the last word. Its Class A common stock has 40 votes per share, and its Class B common stock has one vote per share. 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. James invested a couple million dollars into Silicon Slopes and dedicated himself to making it take off. Josh James I think thats one of the things that distinguishes Josh James. deductible, Report a missed paper by emailingsubscribe@sltrib.comor calling801-237-2900, For e-edition questions or comments, contact customer support801-237-2900or emailsubscribe@sltrib.com. The company first publicly announced its platform in 2015. 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. Who is a follower. In October 2018, BYU strategy professor Jeff Dyer invited James to speak at the BYU Strategy Professionals Conference because Dyer said James knows how to start companies, how to get attention to those companies and how to recruit. John Mellor, chief strategy officer of Domo since 2019, was named the vendor's new CEO and a member of its board of directors. Despite James' apparent reluctance to sell, analysts still think Domo is an attractive acquisition for big tech companies. Cookie Preferences Domo, +2 more But Domo seems to have rebounded, with the company reportingbetter-than-expected first-quarter results on Thursday. Who steps up. Who is sorted out. Sign up for notifications from Insider! The announcement follows a decline in Domo Inc.s share price of 35% since March 2021. Likewise, Henschen said Domo is in good hands with its new CEO and COO. She previously served as president and Chief Executive Officer at Banyan, a SaaS company, and is currently a venture partner at Pelion Venture Partners. Who sits. With two legislative days remaining until Who is victor. Domo Launches 'Business Cloud,' Makes Its Who earns it. The $200 million run rate he predicted in 2015? Who is well. 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.