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monday.com Announces monday 2.0

February 4, 2020 GMT

NEW YORK--(BUSINESS WIRE)--Feb 4, 2020--

Today, monday.com is introducing monday 2.0, a momentous new iteration of its platform, transforming it into a work operating system (work OS) that enables organizations of any size to build custom workflow apps in minutes. In becoming a work OS, monday.com now provides a centralized platform for code-free app creation, process management, and project management. The launch of monday 2.0 is a culmination of new capabilities added to the platform that further enable teams to execute in complete alignment, focus on the work that maximizes impact, and achieve extraordinary results across all aspects of their work.

Used by over 100,000 paying organizations, monday 2.0 is comprised of an ever-growing list of work blocks, unique platform features that teams can use to easily build custom workflow apps, code-free. The expansive modular blocks provide infinite opportunities to customize workflows and empower teams to focus on the work that maximizes impact, while creating an open flow of information to and from other tools already in use. In using monday 2.0, teams around the world are resolving conflicting priorities, aligning inconsistent goals, breaking through data silos, and minimizing time-consuming meetings and emails.

The release of monday 2.0 includes the following capabilities, among many others, with hundreds more planned throughout 2020:

“When teams are empowered to build their own apps, they start unlocking their true potential - we experienced this firsthand with our team,” says Roy Mann, co-founder and CEO of monday.com. “Launching monday 2.0, our work OS, is a big milestone along our vision in driving any team and organization to excellence in every part of work. We continue to learn and be inspired from the amazing things our customers build on the monday.com platform.”

“At HubSpot, our mission is to help millions of organizations grow better,” says Mark Znutas, Senior Director of Operations at HubSpot. “The monday.com work OS plays a key role in our work towards this mission. It is the central hub from which HubSpot teams manage critical cross-functional projects. With monday.com, we’re able to work in a way that suits our needs while still keeping teams closely aligned and highly empowered.”

“monday.com is providing our Risk Advisory and Assurance Department the ability to create the custom workflows we need for every aspect of our continuous improvement initiatives,” says Richard Brilliant, SVP and Chief Audit Officer at Carnival Corporation & PLC. “The work OS has been so successful in keeping our teams aligned, that it’s spreading rapidly throughout our organization. monday.com provides our team with clarity to know where we’re going, how we’re going to get there, and what our respective roles are, and this has proven immeasurably valuable. We are excited to take advantage of everything 2.0 has to offer.”

Coinciding with surpassing the milestones of 100,000 paying organizations and $120M in annual recurring revenue (ARR), monday 2.0 is a momentous evolution of the easy-to-use work OS that is further enabling teams around the world to execute their own vision of how software can best work for them.

About monday.com

monday.com is a customisable work OS where teams create and shape workflow apps in minutes to plan, run, and track their processes, projects, and operations. As a web-based SaaS platform, monday.com facilitates a more efficient and intuitive way to manage teams and organizations of all sizes. The platform connects people to processes and systems, empowering teams to excel in every aspect of their work, while creating an environment of transparency in business.

monday.com has offices in Tel Aviv and New York, and has raised $234.1 million to date from investors including Sapphire Ventures, Hamilton Lane, HarbourVest Partners, Ion Asset Management, Vintage Investment Partners, Stripes Group, Insight Partners, and Entrée Capital. The platform is fully customizable to suit any business vertical, and is currently used by over 100,000 paying organizations around the world, from over 140 countries.

View source version on businesswire.com:https://www.businesswire.com/news/home/20200204005192/en/

CONTACT: Michal Kaplan-Nadel

monday@moxiegrouppr.com

914-355-0683

KEYWORD: AUSTRALIA/OCEANIA UNITED STATES UNITED KINGDOM CANADA NORTH AMERICA AUSTRALIA EUROPE NEW YORK

INDUSTRY KEYWORD: NETWORKS INTERNET DATA MANAGEMENT TECHNOLOGY SOFTWARE

SOURCE: monday.com

Copyright Business Wire 2020.

PUB: 02/04/2020 06:00 AM/DISC: 02/04/2020 06:00 AM

http://www.businesswire.com/news/home/20200204005192/en