further developing their online presence, Lerman and his colleagues recognized a consistent challenge: companies had trouble keeping tabs on all of their different online listings, and usually only noticed a problem existed when a customer complained about outdated addresses or business hours. Lerman realized that businesses would pay to get all of their online information updated for them, and he created a small company within Yext to focus on updating business listings. They developed cloud software known as "Powerlistings", which was launched in January 2011 and it was an immediate hit. Lerman decided to focus on this business listing model, and spun out the pay-per-call business as a separate company called Felix. He then sold Felix to IAC’s CityGrid Media for $30 million in April 2012. All proceeds from the sale were reinvested to fund Yext's new Powerlistings product, now called Yext Listings. Yext's Knowledge Engine now offers a suite of products, expanding the company's services beyond simply business listings. Lerman serves as Yext's CEO. Forbes magazine featured Yext as one of America’s Top 25 Most Promising Companies of 2014 and 2015. Yext has been recognized as one of America's fastest-growing companies by the Inc. 5000 in 2015 and 2016, and as one of Fortune's Best Places to Work in 2014, 2015 and 2016. Confide Lerman is the Co-Founder and Chairman of Confide with former AOL executive Jon Brod. The Confide app, which provides corporate users with the means to deliver untraceable messages, was released on January 8, 2014. Roam Lerman is the founder, CEO, and Chairman of Roam, a platform which bills itself as a “cloud HQ” for distributed, remote companies. Personal life Lerman lives in Miami Beach, Florida with his wife, Wendy. References 1980 births American business executives Living people Thomas Jefferson High School for Science and Technology alumni