Weave Communications, Inc.
| Public | |
| Traded as | NYSE: WEAV |
| ISIN | 🆔 |
| Industry | Healthcare IT, Customer relationship management |
| Founded 📆 | November 2011 |
| Founder 👔 | Brandon Rodman |
| Headquarters 🏙️ | Lehi, Utah, United States |
Area served 🗺️ | United States, Canada |
Key people | Brett White (CEO) |
| Products 📟 | Communication software, payment processing, digital intake forms, practice management tools |
| Revenue🤑 | US$204.3 million (2024)[1] |
| US$−28.3 million (2024)[1] | |
| Total assets | US$193.6 million (2024)[1] |
| Total equity | US$104.1 million (2024)[1] |
| Members | |
Number of employees | 854 (2024)[1] |
| 🌐 Website | www |
| 📇 Address | |
| 📞 telephone | |
Weave Communications, Inc. is an American software company based in Lehi, Utah, that develops customer relationship management (CRM) and communication software for small and medium-sized healthcare practices.[2][1] The company’s platform integrates VoIP phone systems, two-way texting, patient engagement tools, digital forms, insurance verification, and payment processing.[2] Weave is publicly traded on the New York Stock Exchange under the symbol "WEAV."[3]
History
- Weave launched in 2011 with an initial integration to Dentrix dental practice management software.[4][5]
- In October 2019, Weave raised a $70 million Series D funding round at a private valuation of $970 million, led by Tiger Global Management.[6]
- In December 2019, Weave announced plans to expand its Utah operations, projecting the creation of nearly 1,000 jobs over the next decade.[7]
- In December 2020, Roy Banks was appointed chief executive officer (CEO), succeeding founder Brandon Rodman.[8][5]
- Weave held its IPO on October 18, 2021, and began trading on the NYSE.[3]
- Brett White, previously the company's chief operating officer (COO), became CEO in October 2022.[9]
- In October 2024, Weave launched Call Intelligence, a generative AI-powered platform designed to automate call categorization and generate insights from patient communication data.[10]
Products and services
Weave offers a cloud-based software platform for small and medium-sized healthcare practices alongside other customer engagement and payment solution providers.[11]. Its services include:
- Voice over IP (VoIP) phone system for office communications[12]
- Two-way business texting[13]
- Appointment reminders and confirmations[13]
- Digital intake forms and insurance verification tools[14]
- Payment processing, including Text-to-Pay and mobile terminals[14][15]
- Practice management analytics and insights[2]
- Multi-location management solutions through Weave Enterprise[2]
- Call Intelligence, launched in 2024, utilizes generative AI to categorize calls and identify revenue opportunities[2]
Recognition
- In 2024, Inc. (magazine) named Weave one of its Best Workplaces, recognizing the company for its employee-centric culture and support for small business clients.[16]
- In 2025, G2 Crowd ranked Weave #4 on its list of Best Healthcare Software Products, with leadership designations in areas such as patient engagement and HIPAA-compliant messaging.[17]
See also
References
- ↑ 1.0 1.1 1.2 1.3 1.4 1.5 "Weave 10-K Report for Fiscal Year Ending 2024". SEC.gov. Retrieved 2025-04-29.
- ↑ 2.0 2.1 2.2 2.3 2.4 "Interview with Weave CEO Brett White". Pulse 2.0. 2025-04-06. Retrieved 2025-04-29.
- ↑ 3.0 3.1 "Weave Communications, Inc. IPO Profile". IPOScoop.com. Retrieved 2025-04-29.
- ↑ Austin Craig (2021-11-11). "Weave Listed on NYSE, Rings Opening Bell". TechBuzz News. Retrieved 2025-04-29.
- ↑ 5.0 5.1 "Form S-1 - Weave Communications". SEC.gov. 2021-11-01. Retrieved 2025-04-29.
- ↑ Kate Clark (2019-10-27). "Meet Utah's Next Unicorn". TechCrunch. Retrieved 2025-04-29.
- ↑ Pete Codella (2019-12-12). "Weave Communications to Bring Nearly 1,000 Jobs to Utah". Utah Governor’s Office of Economic Opportunity. Retrieved 2025-04-29.
- ↑ "How Roy Banks Became a Five-Time CEO". Utah Business. 2023-06-29. Retrieved 2025-04-29.
- ↑ "Weave Appoints Brett White as New CEO". Nasdaq. 2022-10-04. Retrieved 2025-04-29.
- ↑ "Generative AI in Healthcare Market Assessment". GII Research. 2025-04-10. Retrieved 2025-04-29.
- ↑ Donovan Jones (2023-05-22). "Weave Communications Guides to Lower Growth in 2023". Seeking Alpha. Retrieved 2025-04-29.
- ↑ Art Raymond (2021-11-12). "This Utah tech startup, led by Black CEO, just went public". Deseret News. Retrieved 2025-04-29.
- ↑ 13.0 13.1 Angelina Maksimovic (2023-04-21). "Weave Launches New Integrated Experiences for Veterinary Clinics". CX Scoop. Retrieved 2025-04-29.
- ↑ 14.0 14.1 Andy Oram (2023-03-14). "Technology of Digitized Patient Intake Forms". Healthcare IT Today. Retrieved 2025-04-29.
- ↑ Macy Reamer (2022-02-17). "Weave Surpasses $1 Billion in Payments Processed". Silicon Slopes. Retrieved 2025-04-29.
- ↑ "Weave – Inc. Best Workplaces 2024". Inc.com. Retrieved 2025-05-02.
- ↑ "Best Healthcare Software Products 2025". G2.com. Retrieved 2025-04-29.
External links
This article "Weave Communications" is from Wikipedia. The list of its authors can be seen in its historical and/or the page Edithistory:Weave Communications. Articles copied from Draft Namespace on Wikipedia could be seen on the Draft Namespace of Wikipedia and not main one.
- Companies listed on the New York Stock Exchange
- Health care software companies
- Companies based in Lehi, Utah
- Customer relationship management software
- Cloud applications
- Medical software
- Dental software
- Web applications
- Software companies established in 2011
- Software companies of the United States
- Technology companies of the United States
