Bridgeline Partners Win More than 20 Site Search Licenses in its Third Quarter
Bridgeline Digital (NASDAQ: BLIN) announced winning over 20 site search licenses this quarter through its partner network, enhanced by the recent acquisition of HawkSearch.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
Bridgeline Digital (NASDAQ: BLIN) announced winning over 20 site search licenses this quarter through its partner network, enhanced by the recent acquisition of HawkSearch. CEO Ari Kahn emphasized that this expansion is crucial for 2021, enabling Bridgeline to secure significant sales from institutions and governments. The partnership network includes major companies like Salesforce and Shopify, contributing to multiple six-figure sales across diverse sectors such as government and food supply. The combination of Celebros and HawkSearch positions Bridgeline as a leading player in the site search market.
Positive
- Acquisition of HawkSearch has enhanced partner network capabilities.
- Won over 20 site search licenses this quarter.
- Generated multiple six-figure sales from new customers.
Negative
- None.
Details
News Market Reaction – BLIN
The recorded move for BLIN in the trading session of this news was +33.72%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
WOBURN, Mass., July 01, 2021 (GLOBE NEWSWIRE) -- Bridgeline Digital, Inc. (NASDAQ: BLIN), provider of cloud-based marketing technology software, announced today that its partner network won more than 20 site search licenses this quarter for Celebros and HawkSearch, its most recent acquisition.
“Expansion of our partner network is a key initiative for Bridgeline in 2021. Thanks to our recent acquisition of HawkSearch and its extensive partner network, we have made substantial progress by winning license sales to major institutions and governments that Bridgeline could not have won alone,” said Ari Kahn, CEO of Bridgeline.
Bridgeline’s current partners include AmericanEagle.com, BigCommerce, Magento, Optimizely, Oro Commerce, Salesforce, SAP, and Shopify.
“HawkSearch’s partners have brought in several new customers each quarter for years,” added Michael Benedict, EVP of Revenue for Bridgeline and previous General Manager of HawkSearch. “This quarter alone, our partner network has brought Bridgeline multiple six-figure sales and a diverse set of new customers in industries that include government, food supply, waste management, and electrical distributors.”
Bridgeline’s combination of Celebros and HawkSearch make it a leading player in the site search market with unique capabilities such as personalization, recommendations, and machine learning algorithms that utilize user behavior and trends to provide accurate and hyper-relevant search results.
About Bridgeline Digital
Bridgeline helps companies grow online revenues by increasing their traffic, conversion rates, and average order values. To learn more, please visit www.bridgeline.com.
Contact:
Jeremy LaDuque
EVP of Marketing
Bridgeline Digital
press@bridgeline.com