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Hearsay Systems
Fintech · San Francisco, United States · Founded 2009
Hearsay Social is now Hearsay Systems – Provider of the complete advisor-client engagement platform for financial services MoreLess
Hearsay Systems is a technology company that provides a client engagement platform specifically designed for the financial services industry. The company focuses on helping advisors and agents in wealth management, life insurance, and property and casualty insurance to build and maintain strong relationships with their clients. Hearsay Systems operates in the financial services market, which includes a wide range of businesses that manage money, provide investment advice, and offer insurance products.
The core of Hearsay's business model is its software platform, which enables financial advisors to communicate with clients through digital channels like social media, text messaging, and mobile calls. The platform is designed to help advisors personalize their interactions, making it easier to nurture client relationships and connect at crucial moments. This, in turn, helps advisors grow their business by acquiring new leads and increasing their share of wallet, which means getting a larger portion of a client's financial business.
Hearsay Systems makes money by selling subscriptions to its platform. Financial services firms pay for access to the software, which includes features for marketing, sales distribution, and compliance. The compliance tools are particularly important because they help firms adhere to regulatory requirements, which can be complex and constantly changing. By automating the capture, monitoring, and supervision of digital communications, Hearsay helps reduce the risk of non-compliance and saves time for advisors and their firms.
The company serves a broad range of clients within the financial services sector, including individual advisors, large financial institutions, and insurance companies. With over 150,000 successful advisors and agents using its products, Hearsay Systems has established itself as a leading solution in the market.
Keywords: client engagement, financial services, wealth management, life insurance, property casualty, digital communication, compliance, marketing, sales distribution, automation.
Company overview
Hearsay Systems company information
The essential company record, classifications and operating signals in one place.
- Status
- Acquired
- Founded
- 2009
- Headquarters
- San Francisco, United States
- Employees
- 277
- Open positions
- None listed
- Dealroom signal
- 61.6
- Investment activity
- 1 companies · latest Oct 2017
- Capital deployed
- —
- Preferred round
- ACQUISITION
Valuation & funding
Hearsay Systems funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| ACQUISITIONOther financing | Jun 2024 | $125M | — | Yext | ↗ |
| FundingOther financing | Jul 2020 | $0 | — | Undisclosed | — |
| SERIES COther financing | Sep 2013 | $30M | $120M | NEA · Sequoia | — |
| SERIES BOther financing | Jul 2011 | $18M | $72M | NEA · Sequoia | — |
| SERIES AOther financing | Feb 2011 | $3M | $12M | SV Angel · Felicis · Michael Abbott · Dave Morin | — |
Growth signals
Hearsay Systems website traffic
Latest recorded traffic for Hearsay Systems is 90 monthly website visits, up 12.5% over the last three months. Hearsay Systems's team declined 46.8% over the past year.
Comparisons
Hearsay Systems compared with similar companies
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Capital deployed
Hearsay Systems investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Talent graph
Hearsay Systems's talent
Source: Dealroom Talent Intelligence.
Global footprint
Where Hearsay Systems has talent and traffic
team presence
In the news
Latest news about Hearsay Systems
Recent press, funding announcements, and product moves mentioning Hearsay Systems — open to read from the original sources.
Market sentiment
What the market is saying about Hearsay Systems
An AI-synthesized read of the highest-engagement posts about Hearsay Systems on X over the past 7 days. We rank by likes & retweets, ignore corporate channels, and surface the themes that broke out from real people.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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