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Asana

Topic: Software

 From HandWiki - Reading time: 8 min
Short description: U.S. technology company
Asana, Inc.
TypePublic
NYSE: ASAN
Industry
Founded2008; 16 years ago (2008)
Founders
  • Dustin Moskovitz
  • Justin Rosenstein
Headquarters
San Francisco, California
,
US
Key people
Dustin Moskovitz (CEO)
RevenueIncrease US$378 million (2022)
Decrease US$−265 million (2022)
Decrease US$−288 million (2022)
Total assetsDecrease US$708 million (2022)
Total equityIncrease US$204 million (2022)
Number of employees
1,666 (2022)
Websiteasana.com
Footnotes / references
Financials (As of January 2022).[1]

Asana (/əˈsɑːnə/ or /ˈɑːsənə/) is a web and mobile work management[2] platform designed to help teams organize, track, and manage their work. It is produced by the San Francisco-based company of the same name (Asana, Inc.). The company was founded in 2008 by Dustin Moskovitz and Justin Rosenstein.[3] The product launched commercially in April 2012.[4] In September 2020, the company was valued at $5.5 billion following its direct listing.[5]

History

The co-founders met at Facebook, where Moskovitz, Facebook's co-founder and vice president of engineering, and his colleague Rosenstein created a productivity tool called Tasks. In 2008, the co-founders left Facebook to start Asana.[3] Asana officially launched for free out of beta in November 2011[6] and commercially in April 2012.[7] In 2016, Asana raised $50 million in Series C financing led by Sam Altman, President of Y Combinator.[8]

By January 2018, more than 35,000 paying customers were using Asana, including CityFibre,[9] AB-InBev, Viessmann, eBay, Uber, Overstock.com, Navy Federal Credit Union, Icelandair, and IBM. That same year, the company raised $75 million in Series D funding led by Generation Investment Management, a firm backed by Al Gore.[10] In November 2018, Asana raised another $50 million in funding in Series E to invest in international and product expansion.[11]

In September 2020, Asana went public on the New York Stock Exchange via a direct public offering. In August 2021, Asana dual listed on the Long-Term Stock Exchange.[12]

By December 2021, Asana's customer count increased to 114,000 with two million paid seats globally and 739 of these were spending $50,000 or more on an annualized basis.[13]

In April 2022, Asana released its annual Anatomy of Work Index. The report surveyed the behaviors and attitudes of more than 10,000 knowledge workers globally to highlight differences and year-over-year trends in the modern workplace.[14]

Asana and Align Technology announced Asana Smiles for Align in May 2022. This partnership offers Invisalign trained doctors in the U.S. a customizable workflow that helps reduce manual processes and tracks tasks throughout the patients' treatment.[15]

In June 2022, Asana's customer count was 126,000 and those spending at least $50,000 per year jumped by 102%.[16]

Product

Asana is a software-as-a-service platform designed to improve team collaboration and work management. It helps teams manage projects and tasks in one tool. Teams can create projects, assign work to teammates, specify deadlines, and communicate about tasks directly in Asana. It also includes reporting tools, file attachments, calendars, as well as setting and tracking company wide goals.

In May 2013, Asana launched Organizations, a way for companies of all sizes to use Asana, reporting tools to help teams monitor project progress, and IT admin tools.[17]

In 2014, Asana launched its native iOS app[18] and in January 2015, Asana released its native Android app.[19] In September 2015, the company redesigned its application and brand adding a conversations feature.[20]

In September 2016, the company launched custom fields, "an interface and architecture that will let you tailor Asana's information management to cover a variety of structured data points".[21] A few months later, Asana launched Boards so teams could organize and visualize their projects in columns. The Verge reported that, "By integrating lists and boards into a single product, Asana may have just vaulted ahead of its rivals."[22] The company also released pre-made project templates.

In March 2017, Asana announced its integration with Microsoft Teams.[23] In fall 2017, start dates, a new integration with Gmail, and comment-only projects were released. Also in November, Asana launched its app in French and German.[24]

In March 2018, Asana announced a new interactive feature called Timeline, which businesses can use to visualize and map out their projects.[25] Later that year, Asana launched its Business tier for enterprises using Asana for multiple projects.[26]

In 2019, Asana launched Asana for Marketing and Creative Teams[27] Workload[28] and Automation.[29] Workload allows teams to see what colleagues are working on and redistribute work,[28] while Automation enables individuals, teams and organizations to achieve greater efficiency with a custom Rules builder.[29]

In February 2020, Asana launched Asana for Sales and Operations, including integrations with Atlassian's software development project tracking tool, Jira Cloud, data visualization app, Tableau, Microsoft's PowerBI and Salesforce's customer relationship management platform.[30]

In response to the start of the COVID-19 pandemic in 2020, Asana released its Do Not Disturb feature, targeted at workers who were more likely to work from home as a result of the sudden shift to remote work.[31]

In June 2020, Asana expanded its integration with Microsoft Teams, giving teams the ability to turn chats into action items in Asana.[32] As teams continued to navigate the pandemic, Asana launched Asana Goals, a feature to help organizations set, track and manage team and company-wide goals,[33] partnered with Vimeo to offer video messaging[34] and added a Smart Calendar Assistant integration with Clockwise.[35] In July 2021, Asana launched an app for Zoom. The Asana app can be opened within the videoconferencing software Zoom.[36]

In October 2021, Asana announced its new Enterprise Work Graph suite[37] with new IT capabilities for large enterprises and integrations with Splunk and Netskope.[38]

In February 2022, Asana launched Asana Flow. This includes Workflow Builder, Template Library, an expanded developer toolkit with App Components, a re-designed Asana Home interface and new integrations that connect to workflows, including Jotform and Miro.[39]

In June 2022, Asana launched a suite of features to enable more team alignment and individual focus. This included My Goals, Automatic Progress Updates, and new integrations for Google Workspace and Figma.[40]

API and integrations

In April 2012, Asana released its API to third-party developers. Asana's open API provides a means to programmatically read and input information, and create automations within Asana. Common use cases include automating repetitive tasks, chaining processes, automating reporting on tasks and projects, and syncing with databases or other tools.[41]

The Asana API is a RESTful interface, allowing users to update and access much of their data on the platform.[41]

In April 2021, Asana launched Asana Partners, which allows for cross platform integration with its project management software. Asana has integrations with more than 200 SaaS tools, including Gmail, Slack, Microsoft Outlook, Dropbox, Box, Google Drive, Zapier, IFTTT, Wufoo, JotForm, Okta, OneLogin, Harvest, Instagantt, Zendesk,[42] Zoom[43] and Qatalog.[44]

Reception

Asana twice received a 4.5 out of 5 from PC Magazine. In 2017 it was an Editors' Choice and was called "one of the best collaboration and productivity apps for teams" and went on to note its "thoughtful design, fluid interactive elements, and generous member allotment."[45] In 2020, it received a Best of the Year award, remarking that it "is one of the best apps for managing tasks, workflows, and—yes—certain kinds of projects" despite not being a full-scale project management platform.[46] Asana was also named as one of the Best Workplaces for Parents in the US by Great Place to Work in 2020 and 2021.[47][48]

In 2021, Inc. named Asana to its annual Best Workplace list and one of the Best Led companies.[49][50] Fast Company named Asana #15 most innovative companies and added the company to its Brands That Matter list.[51][52]

See also

References

  1. ↑ "Asana, Inc. 2021 Annual Report (Form 10-K)". U.S. Securities and Exchange Commission. March 24, 2022. https://www.sec.gov/ix?doc=/Archives/edgar/data/1477720/000147772022000012/asan-20220131.htm. 
  2. ↑ "Gartner Glossary Work Management". https://www.gartner.com/en/information-technology/glossary/work-management. 
  3. ↑ 3.0 3.1 Bercovici, Jeff (May 23, 2018). "How Asana's Founders Built a $900 Million Business on Buddhist Principles" (in en). https://www.inc.com/magazine/201806/jeff-bercovici/asana-best-workplaces-2018.html. 
  4. ↑ Guynn, Jessica (April 24, 2012). "Asana, software start-up from Facebook vets, launches paid version" (in en-US). Los Angeles Times. ISSN 0458-3035. https://articles.latimes.com/2012/apr/24/business/la-fi-tn-asana-software-startup-from-facebook-veterans-launches-paid-version-20120424. 
  5. ↑ "Asana valued at $5.5 billion after direct listing debut" (in en). https://fortune.com/2020/09/30/asana-valued-at-5-5-billion-direct-listing/. 
  6. ↑ "Task management app Asana raises $50M at a $600M valuation led by YC's Sam Altman – TechCrunch" (in en-US). https://techcrunch.com/2016/03/30/task-management-app-asana-raises-50m-at-a-600m-valuation-led-by-ycs-sam-altman/. 
  7. ↑ "Asana raises $28M to make the world a more collaborative place" (in en-US). July 23, 2012. https://venturebeat.com/2012/07/23/asana-funding/. 
  8. ↑ "Asana Links Up With $50M Series C for Collaboration Tools" (in en-US). Wall Street Journal. March 31, 2016. ISSN 0099-9660. https://www.wsj.com/articles/asana-links-up-with-50m-series-c-for-collaboration-tools-1459425428. 
  9. ↑ Trueman, Charlotte (2021-05-07). "How Asana helped CityFibre's marketing team boost productivity" (in en). https://www.computerworld.com/article/3617989/how-asana-helped-cityfibres-marketing-team-boost-productivity.html. 
  10. ↑ Carson, Biz. "Facebook Cofounder's Productivity Startup Asana Hits Growth Spurt, Snags $1.5 Billion Valuation" (in en). https://www.forbes.com/sites/bizcarson/2018/11/29/dustin-moskovitz-asana-funding-valuation/. 
  11. ↑ "Asana, a work management platform, nabs $50M growth round at a $1.5B valuation" (in en-US). https://social.techcrunch.com/2018/11/29/asana-a-work-management-platform-nabs-50m-growth-round-at-a-1-5b-valuation/. 
  12. ↑ Driebusch, Corrie (June 24, 2021). "WSJ News Exclusive | Twilio, Asana to List on Long-Term Stock Exchange as ESG Push Continues" (in en-US). Wall Street Journal. ISSN 0099-9660. https://www.wsj.com/articles/twilio-asana-to-list-on-long-term-stock-exchange-as-esg-push-continues-11624565701. 
  13. ↑ Condon, Stephanie. "Asana beats Q3 estimates, surpasses $100m in quarterly sales" (in en). https://www.zdnet.com/article/asana-beats-q3-estimates-surpassing-100m-in-sales/. 
  14. ↑ "More Than Half of the Working Day Is Spent Kinda, Sorta Working" (in en). Bloomberg.com. 2022-04-05. https://www.bloomberg.com/news/articles/2022-04-05/more-than-half-of-the-working-day-is-spent-kinda-sorta-working. 
  15. ↑ "Align Technology (ALGN) to Offer Asana Smiles With New Pact" (in en-US). https://finance.yahoo.com/news/align-technology-algn-offer-asana-152003203.html. 
  16. ↑ Katje, Chris. "Asana Q1 Earnings Highlights: Revenue And EPS Beat, Record Q1 Revenue, Guidance And More" (in English). https://www.benzinga.com/news/earnings/22/06/27533936/asana-q1-earnings-highlights-revenue-and-eps-beat-record-q1-revenue-guidance-and-more. 
  17. ↑ Hardy, Quentin (May 1, 2013). "Re-Re-engineering the Corporation". NewYorkTimes. http://bits.blogs.nytimes.com/2013/05/01/re-reengineering-the-corporation/. 
  18. ↑ Sawers, Paul (July 29, 2014). "Asana Launches an All-New Native iOS App" (in en). https://thenextweb.com/news/asana-finally-goes-native-mobile-brand-new-ios-app-thats-now-optimized-ipad. 
  19. ↑ Alba, Davey. "Asana's New Android App Shows Design Matters in the Business World" (in en-US). Wired. ISSN 1059-1028. https://www.wired.com/2015/01/asana-android-app/. Retrieved February 8, 2022. 
  20. ↑ "Task management startup Asana is launching a major revamp" (in en-US). September 30, 2015. https://venturebeat.com/2015/09/30/task-management-startup-asana-is-launching-a-major-revamp/. 
  21. ↑ "Task management app Asana takes on the spreadsheet with 'custom fields' – TechCrunch" (in en-US). https://techcrunch.com/2016/09/15/task-management-app-asana-takes-on-the-spreadsheet-with-custom-fields/. 
  22. ↑ "Asana introduces boards as part of an all-out assault on Trello". The Verge. https://www.theverge.com/2016/11/15/13631254/asana-boards-trello-software. 
  23. ↑ Trueman, Charlotte (2020-06-18). "Asana touts new Teams integrations" (in en). https://www.computerworld.com/article/3563510/asana-touts-new-teams-integration.html. 
  24. ↑ "Asana seeks growth in Europe by expanding task-management app beyond English". VentureBeat. November 1, 2017. https://venturebeat.com/2017/11/01/asana-seeks-growth-in-europe-by-expanding-task-management-app-beyond-english/. 
  25. ↑ "Asana launches timeline tool for companies to visualize project tasks". VentureBeat. March 28, 2018. https://venturebeat.com/2018/03/28/asana-launches-timeline-tool-for-companies-to-visualize-project-tasks/. 
  26. ↑ "Asana launches $19.99 Business tier to help managers handle multiple projects" (in en-US). https://social.techcrunch.com/2018/11/01/asana-launches-19-99-business-tier-to-help-managers-handle-multiple-projects/. 
  27. ↑ "Empowering marketing and creative teams with work management software" (in en). 2019-02-28. https://www.techradar.com/news/empowering-marketing-and-creative-teams-with-project-management-software. 
  28. ↑ 28.0 28.1 "Asana launches Workload to help prevent burnout" (in en-US). https://social.techcrunch.com/2019/08/01/asana-launches-workload-to-help-prevent-burnout/. 
  29. ↑ 29.0 29.1 "Following Slack, Asana introduces its own workflow automation tools" (in en-US). 2019-10-17. https://siliconangle.com/2019/10/17/following-slack-asana-introduces-workflow-automation-tools/. 
  30. ↑ Finnegan, Matthew (2020-02-27). "Asana targets sales and ops teams with new integrations" (in en). https://www.computerworld.com/article/3529876/asana-targets-sales-and-ops-teams-with-new-integrations.html. 
  31. ↑ Brooks, Steve (2020-03-26). "Asana launches Do not Disturb for home workers" (in en-GB). https://www.enterprisetimes.co.uk/2020/03/26/asana-launches-do-not-disturb-for-home-workers/. 
  32. ↑ Trueman, Charlotte (2020-11-19). "Asana adds new integrations to help connect distributed teams" (in en). https://www.computerworld.com/article/3597910/asana-adds-new-integrations-to-help-connect-distributed-teams.html. 
  33. ↑ "Asana launches OKR goal-tracking to align teams around business objectives" (in en-US). 2020-07-15. https://venturebeat.com/2020/07/15/asana-launches-okr-goal-tracking-to-align-teams-around-business-objectives/. 
  34. ↑ "Asana brings video messaging to teams and finally arrives on desktop" (in en-US). 2021-06-09. https://venturebeat.com/2021/06/09/asana-brings-video-messaging-to-teams-and-finally-arrives-on-desktop/. 
  35. ↑ Trueman, Charlotte (2021-06-09). "Asana adds features to reduce distractions, improve video chats" (in en). https://www.computerworld.com/article/3621237/asana-adds-features-to-reduce-distractions-improve-video-chats.html. 
  36. ↑ "Zoom brings third-party apps to your meetings, here's how to access it". https://www.businessinsider.in/tech/apps/news/zoom-apps-how-to-use-third-party-apps-in-zoom-meetings/articleshow/84644235.cms. 
  37. ↑ Trueman, Charlotte (October 20, 2021). "Asana takes aim at the enterprise with new workflow features". https://www.computerworld.com/article/3636981/asana-takes-aim-at-the-enterprise-with-new-workflow-features.html. 
  38. ↑ Condon, Stephanie. "Asana rolls out Enterprise Work Graph for cross-team coordination" (in en). https://www.zdnet.com/article/asana-rolls-out-enterprise-work-graph-for-cross-team-coordination/. 
  39. ↑ "Asana's new workflow tools help companies coordinate work across teams" (in en-US). https://social.techcrunch.com/2022/02/15/asanas-new-workflow-tools-help-companies-coordinate-work-across-teams/. 
  40. ↑ "Asana launches new tools to help distributed teams stay aligned on goals" (in en). 2022-06-07. https://diginomica.com/asana-tools-distributed-teams-aligned-goals. 
  41. ↑ 41.0 41.1 "Twitter and LinkedIn Manage Tasks With Asana, New API Means Robots Can Too" (in en-US). https://social.techcrunch.com/2012/04/21/asana-stats/. 
  42. ↑ "Asana Apps and Integrations · Asana" (in en). Asana. https://asana.com/apps. 
  43. ↑ "Future of Work Here Today: Asana Launches App for Zoom to Reimagine Meetings" (in en). July 21, 2021. https://www.businesswire.com/news/home/20210721005369/en/Future-of-Work-Here-Today-Asana-Launches-App-for-Zoom-to-Reimagine-Meetings. 
  44. ↑ Krazit, Tom (April 14, 2021). "Asana hits an enterprise tech milestone, launches partner program" (in en). https://www.protocol.com/enterprise/asana-partner-program-launch. 
  45. ↑ "Asana". https://www.pcmag.com/article2/0,2817,2408011,00.asp. 
  46. ↑ "Asana Review" (in en). https://www.pcmag.com/reviews/asana. 
  47. ↑ "Great Place to Work's Best Workplaces for Parents 2021" (in en-us). https://www.greatplacetowork.com/best-workplaces/parents/2021. 
  48. ↑ "Great Place to Work's Best Workplaces for Parents 2020". https://www.greatplacetowork.com/best-workplaces/parents/2020. 
  49. ↑ "Meet the Top 250 Best-Led Companies in America" (in en). https://www.inc.com/best-led-companies/2021. 
  50. ↑ "Introducing the Best Workplaces of 2021" (in en). https://www.inc.com/best-workplaces/2021. 
  51. ↑ "Brands That Matter – Applications" (in en-US). https://www.fastcompany.com/brands-that-matter/2021. 
  52. ↑ Parrish, Cayleigh (2021-03-09). "The World's Most Innovative Companies 2021" (in en-US). https://www.fastcompany.com/90603436/the-worlds-most-innovative-companies-2021. 

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