Behavox Reports Record First Half 2019 Results

NEW YORK--(BUSINESS WIRE)-- Behavox, a leading artificial intelligence data analytics firm, today announced that accelerated client acquisition in the first half of 2019 has pushed the company into profitability, ahead of its projected target. The milestone comes as Behavox celebrated its five-year anniversary this June with record performance metrics across all categories.

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BEHAVOX REPORTS RECORD FIRST HALF 2019 RESULTS

Specifically, in the first half of 2019, Behavox:

• Signed five major global banks in one quarter, located across North America, Europe and Asia
• Acquired a record number of new clients, 30% of whom are located in the Asia Pacific Region
• Reached profitability to ensure long term success and continuity of business
• Recognized an accelerated employee headcount, largely due to the success of the Montréal office
• Doubled its revenues

Behavox projects revenue will grow at least 75% in the second half of the year, driven by its market leading Compliance solution. The company is also on track to hit its target of 200 engineers in its Montréal office.

“If ever there was a recipe for mutual success, it is the partnership between Behavox clients and our Behavox team,” said Erkin Adylov, Founder and CEO of Behavox. “Behavox is intertwined with our clients in the workplace, using the power of AI to help companies understand, analyze and interpret the attitudes and actions taking place within their walls.”

Behavox is headquartered in New York City, with offices in London, Singapore, Montréal and San Francisco with its client base spanning three continents. Clients include: investment banks, trading firms, hedge funds, private equity firms, venture capital firms and broad-based financial service companies.

All Behavox client is data is aggregated, normalized and centralized, and product offerings fall into the following categories:

• Compliance – Allowing compliance to become a competitive advantage
• Revenue – Converting hidden insights into sales opportunities
• Productivity – Supercharging a team’s creative output
• Motivation – Turning culture into a strategic asset

“Human behavior is the wildcard inside every company that can make or break its success,” said Adylov. “Behavox leverages our industry-leading AI to help companies and their people become better than ever before.”

About Behavox Ltd.

Behavox is a fast growing, pioneering People Analytics company that helps organizations transform behavior in the workplace. Where others see mountains of data, we see behavioral signals hidden in big data. Making sense of these signals is the true driver of competitive differentiation and performance.

Today’s workplace has become a vast and complex digital domain – where the success, risks and failures of organizations are contained within an invisible digital factory. The key problem facing management teams is discovering, promoting, and scaling employee behaviors that drive success. Our Behavioral OS mines behavioral signals inside the digital workplace and presents actionable insights to management teams. Organizations large and small are joining the People Analytics movement. Be among the first to drive your business with Behavioral OS. For more information, visit here.

View source version on businesswire.com: https://www.businesswire.com/news/home/20190718005175/en/

Media:
Profile on Behalf of Behavox
Charlotte Kiaie
[email protected]
Phone 347-774-4468

Source: Behavox

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