George Demou, president and chief executive of Avtex, says offering free software and services to help clients get employees working remotely amid the pandemic ultimately has boosted the company's fortunes.
Close to 1,000 clients took advantage when Demou made the offer in April to help clients speed the move of contact center and mission-critical employees off site to comply with stay-at-home orders.
The gesture "galvanized" relationships with clients as they reimagined their customer experience as stay-at-home orders, for example, forced banks to close lobbies and health care providers to stop in-person visits. And once workforces had gone remote, Demou said, employers discovered they needed additional help that in turn generated new income for Avtex, a customer experience consulting and technology company based in Bloomington.
As a result, Avtex now expects to hit $160 million in revenue this year, up from its original plan of $147 million, Demou said. The company — with most of its more than 430 employees also working remotely — is hiring and expects to have 500 employees by year's end.
Demou joined Avtex in 1997, rebranding the company, which offered voice messaging and related systems when it launched in 1972, to reflect its increasing focus on providing technology for contact centers for large enterprises. He left Avtex in 2004 to start a data-security company that he expanded and sold to a large competitor in 2010.
Since Demou returned in 2011 as CEO, Avtex has focused on providing consulting to help organizations develop a customer experience strategy and an end-to-end customer experience technology platform that it developed to connect data from contact centers, customer relationship management, analytics and other systems.
Avtex received a significant investment from Norwest Equity Partners, the Minneapolis-based private equity firm, in 2018, Demou said.
Q: Did offering clients free software and services to go remote work out as you expected?