Yext hires new president as it looks to IPO

Yext hires new president as it looks to IPO. Yext, the company that helps businesses make sure that their location data appears correctly in search results, is announcing that Jim Steele will be joining the company full-time as president and chief revenue officer. Steele was previously on the board at Yext and was most recently at InsideSales. Steele, who previously was Chief Customer Officer at Salesforce, said he was also enthusiastic to reunite with the many former Salesforce coworkers who are now at Yext. He will be relocating to Yext’s headquarters in New York. Instead of looking at the location list on websites, they found that customers were increasingly searching for the information directly. “We are focused on making search intelligent,” said Lerman. It’s an “absolutely mission critical for a business to be on the map.” Yext could not comment on IPO plans, but TechCrunch bas been hearing from sources that the company has been preparing for its long-awaited offering, which is expected to happen this year. It is not clear yet how the market will value Yext, but they last raised money at a reported $525 million valuation and we were told that they were expecting $89 million in revenue last year. Rudnitsky also spent time at both InsideSales and Salesforce.