Headquartered in New York City, LivePerson is best known as the developer of the Conversational Cloud, a software platform that allows consumers to message with brands. The Solution includes software features that enable End Customer to import data from Supported Third Party Services (the “Integration Features”). Software patents were never -not legal-. Can you explain the issues surrounding patents as well as the benefits? Moser: Yeah, I like the use of that word “community” there, because earlier when you were telling that story as a kid going to the bank every Saturday, dropping your money off there, and there was a relationship there, a status in the community, and it was — I remember that very well myself. Duda provides commendable eCommerce and form building solutions as well as it allows the development of blogs with an impressive array of blogging functions. We think the Next Coast Ventures portfolio is filled with great teams doing worthy work while building incredible internal cultures. Building a great team means constantly striving to hire the best and the brightest people possible for open roles.
And I carry the same thing, like, people email me, you know, I want to help entrepreneurs. Well, and you said, you know, you said pick and it made me think of the gold mine, the Gold Rush, how many people run out there and they’re picking and they’re digging for gold? No matter whether you choose the WIX AI or your own template, you’ll eventually land in the Wix editor to finish out customizing your site. It does not matter who you call. We’ve also made a difficult decision to cancel the in-person components of our annual Subscribed 2020 Conference in order to prioritize the health and safety of our global customers, partners, employees and everyone who helps put on Subscribed. We also recognize that we have a larger role to play in our communities and are doing our part to minimize any contribution to the spread of the virus by strongly encouraging employees to work from home, to practice healthy habits, cancel large gatherings and pausing all nonessential travel. They are to keep our employees safe, to continue to serve our customers and partners and to do our part in preventing the spread of the virus.
As part of our platform activities at Next Coast Ventures, we constantly aim to support our companies as they grow: if you or someone talented you know is looking for a new role, we want you to know who’s hiring in our portfolio. To that end, we’re excited to share open roles at our portfolio companies as part of our new weekly Wednesday social media series. So far in 2022 we have watched TrustRadius, FloorFound and AlertMedia each land honors as great places to work and Everly Health, Aclaimant, Dropoff, LeanDNA, and TrustRadius all earned a spot on the 2022 Inc. list of the 5000 fastest-growing companies in the United States. We have a resilient and distributed infrastructure. That’s why we couldn’t be happier to have brought on board, Robbie Traube as our CRO in November. We have a global workforce, one that is already adept at remote work in virtual collaboration. Last quarter, we saw 46 go-lives, including Derco, one of the largest auto distributors in Chile; Cinepolis, a movie theater chain in Mexico; Softbank Robotics; Topcon Agriculture; one of the Big 4 audit firms; and a global TV golf channel. I think one thing that’s really working for us is how much fun we’re having.
We’re proud – but not at all surprised – to see our companies recognized regularly as great places to work. We will continue to deliver value to our customers and to help the best companies in the world win in the subscription economy. Certain information contained in here has been obtained from third-party sources, including from portfolio companies of funds managed by a16z. We were recognized once again as the market leader for subscription management solutions by yet another third-party industry analyst, IDC. We grew subscription revenue by 21% year-over-year to $54.6 million, in line with expectations, and total revenue of $70.4 million. Pre-tax profit margin can be defined as earnings before taxes as a portion of total revenue. Finally, we’ll be referring to several non-GAAP financial measures today, and reconciliations to the related GAAP measures are included in our earnings release. Non-GAAP financial information should not be construed as an alternative to any other measures of performance determined in accordance with GAAP, or as an indicator of our operating performance, liquidity or cash flows generated by operating, investing and financing activities as there may be significant factors or trends that it fails to address. You can find information regarding those factors in the earnings release we issued today and our most recent 10-Q filing with the SEC.