EngageSmart, Inc.
engagesmart.comNo Longer Reporting
The company has not filed an annual or quarterly report since its Q3 FY2023 10-Q, filed Nov 2, 2023. Its latest SEC filing is a SC 13G/A from Feb 7, 2024.
10-Q for Q3 FY2023, filed Nov 2, 2023
The sections below describe the company as of the FY2022 annual report.
What Did They Do?
Builds and sells practice-management software, electronic billing and payment tools, and fundraising software for health and wellness practitioners, public and utility organizations, and healthcare and nonprofit organizations.
10-K for FY2022, filed Feb 23, 2023We organize our solutions into two reportable segments, Enterprise Solutions and SMB Solutions. The Enterprise Solutions segment is…View ↗
SimplePractice. An end-to-end practice management and electronic health record ("EHR") platform that health and wellness professionals use…View ↗
InvoiceCloud. An electronic bill presentment and payment solution that helps our Government, Utility, and Financial Services customers…View ↗
DonorDrive. A fundraising software platform that helps non-profits, healthcare organizations, and higher education institutions produce…View ↗
How Did They Make Money?
Customers pay recurring subscriptions for software access, usually monthly and billed in advance. For transaction-based services, customers, their clients, or both pay fees based on transaction count or value as transactions are processed.
10-K for FY2022, filed Feb 23, 2023Revenue from the Company’s subscription services as well as from its transaction and usage-based services represents a single promise to…View ↗
The majority of transaction and usage-based services arrangements are priced as a percentage of transaction value or a specified fee per…View ↗
Transaction and usage-based revenue. Generally based on the number of Transactions Processed, as defined below, or the dollar value of the…View ↗
$303.9M
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10-K for FY2022, filed Feb 23, 2023
$303.9M ↗
Who Were Their Customers?
Health and wellness practitioners generally sign up through a self-service website, often after a free trial. Government, utility and financial-services organizations, along with healthcare and fundraising organizations, are reached by direct sales, sometimes with software-provider partners.
10-K for FY2022, filed Feb 23, 2023In our SMB Solutions segment, we primarily generate inbound interest through search engine optimization, word-of-mouth, paid customer…View ↗
In our Enterprise Solutions segment, we integrate directly with our customers’ back-end core systems, and we go to market with a direct…View ↗
SMB Solutions. The SMB Solutions segment is primarily engaged in providing end-to-end practice management solutions geared toward the…View ↗
DonorDrive. A fundraising software platform that helps non-profits, healthcare organizations, and higher education institutions produce…View ↗
Did Revenues Turn Into Profits?
Yes. It kept 7 cents of every revenue dollar as net income in FY2022.
10-K for FY2022, filed Feb 23, 2023
How Were They Changing?
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Jan 26, 2024
Vista completed its acquisition of EngageSmart, and its shares ceased trading
Sources
8-K, filed Jan 26, 2024
BOSTON— January 26, 2024 — EngageSmart, Inc. (“EngageSmart” or “the Company”), a leading provider of vertically tailored customer…View ↗
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Nov 2, 2023
EngageSmart suspended financial guidance
Sources
8-K, filed Nov 2, 2023
In light of the proposed transaction with Vista, which was announced on October 23, 2023, EngageSmart will not host an earnings conference…View ↗
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Oct 23, 2023
EngageSmart agreed to be acquired by Vista
Sources
8-K, filed Oct 23, 2023
On October 23, 2023, EngageSmart, Inc., a Delaware corporation (the “Company”), entered into an Agreement and Plan of Merger (the “Merger…View ↗
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Aug 3, 2023
Acquired Luminello assets and sold HealthPay24
Sources
8-K, filed Aug 3, 2023
Announces Sale of Enterprise Solution HealthPay24View ↗
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