Explorance Strengths, Domain Expertise, and Key Differentiators
Explorance is a Journey Analytics provider that enables organizations to make informed decisions through data-driven feedback. Positioned as a central player in the continuous improvement strategy of learning organizations, Explorance offers its primary solutions, Blue and Metrics That Matter (MTM). Established in 2003, Explorance is headquartered in Montreal and operates business units in Chicago, Chennai, Melbourne, Amman, and London. Recognized as a top employer by the Great Places to Work Institute® since 2014, Explorance serves a diverse clientele comprising learning organizations across academia, enterprise, consulting, and government sectors worldwide.
Explorance Recent Developments
In October 2023, Explorance is undergoing a rebranding initiative, transforming BlueML into MLY, an advanced AI platform merging machine learning (ML) and the quest for answers (Y). Pronounced as " mi-lee," Explorance MLY represents strength and commitment, with a focus on enhancing the Voices of Employees (VoE) and Students in both HR and Higher Education (HE). Explorance MLY drives data-driven insights for improved HR and HE experiences, enhancing teaching effectiveness, curriculum, and satisfaction in Higher Education, while also boosting employee engagement and development in Human Resources. MLY integrates psychological safety, feedback literacy, and inclusion for growth and inclusivity.
In March 2023, Explorance, a leading provider of People Insight Solutions, declared the widespread availability of Explorance BlueML. Additionally, they initiated a limited-time complimentary offer for their acclaimed workforce and student sentiment analysis solution. BlueML, a cutting-edge feedback analytics tool in the industry, swiftly generates actionable insights from extensive datasets of comments and feedback. This machine learning technology, a facet of artificial intelligence, obviates the necessity for prolonged reviews and comment analysis. It empowers organizational leaders with profound insights into their employees' and students' sentiments and requirements, fostering increased engagement and impact.
Explorance launched Bluepulse. Bluepulse is fluid where feedback and meaningful information can be easily passed and discussed between people. That means you can be alerted to an opportunity to improve or resolve issues promptly. This also allows you to be more proactive and less reactive to situations so that nothing and no one is left behind.
Explorance Mergers and Acquisitions (M&A) Activities
Explorance acquired Metrics That Matter (MTM) from Gartner. Renowned for its Learning and Development (L&D) data and analytics solutions in the corporate sector, MTM's addition strengthens Explorance's capacity to provide a more comprehensive and specialized solution across diverse market segments. The SaaS-based platform offered by MTM is tailored for large organizations, facilitating continuous measurement, evaluation, and enhancement of the effectiveness of their L&D investments. Grounded in proprietary research-based methodologies and benchmarks, this platform empowers clients to streamline program expenses, optimize the impact of L&D initiatives, and align outcomes with broader corporate objectives. MTM goes beyond big data, supporting strategic talent decisions by optimizing workforce learning investments based on the most critical skills and competencies.
Explorance Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Explorance applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Explorance and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified Blue, Bluepulse, Bluex, Metrics That Matter, MLY, customers.
Explorance Overview
1470 Rue Peel #500
Montreal, QC, H3A 1T1, Canada
1 514-938-2111
https://www.explorance.com/
Ownership: - x
Number of Employees: 300
Functional Markets: Collaboration, HCM,
Key Verticals: Banking and Financial Services, Communications, Consumer Packaged Goods, Distribution, Higher Education, Healthcare, Life Insurance, P&C Insurance, Specialty Insurance, Life Sciences, Manufacturing, Media, Youth and Elderly Care, Oil and Gas, Chemicals, Professional Services, Retail,
Explorance Key Enterprise and Cloud Applications
Blue, Bluepulse, Bluex, Metrics That Matter, MLY,
Explorance Revenues, $M:
Type/Year | 2022 | 2023 | YoY Growth, % |
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Total Revenues, $M | Subscribe | Subscribe | Subscribe |
Enterprise Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
Cloud Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
Explorance Revenue Breakdown By Type, $M:
Explorance Enterprise Applications Revenues By Functional Markets, $M:
Explorance Enterprise Applications Revenues By Verticals, $M:
Explorance Revenues By Region, $M
Region | % of Total Revenues | 2023 Total Revenues, $M | 2023 Enterprise Applications Revenues, $M | 2023 Cloud Applications Revenues, $M |
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Americas | Subscribe | Subscribe | Subscribe | Subscribe |
EMEA | Subscribe | Subscribe | Subscribe | Subscribe |
APAC | Subscribe | Subscribe | Subscribe | Subscribe |
Total | Subscribe | Subscribe | Subscribe | Subscribe |
Explorance Direct vs Indirect sales
Region | Direct Sales | Indirect Sales | Total |
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Type % | Subscribe | Subscribe | Subscribe |
Revenues, $M | Subscribe | Subscribe | Subscribe |
Explorance Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified Explorance Customers
No. of Explorance Customers: 1000
No. of Explorance Enterprise Applications Customers: x
No. of Explorance Cloud Customers: x
No. of Explorance Cloud Subscribers: 9 million
Explorance serves a global clientele, boasting over 1,000 customers spanning 45 countries. Notable institutions among its diverse customer base include The University of Montana – Missoula, Dallas Baptist University (DBU), Eastern Mennonite University (EMU), The University of Strathclyde, loanDepot, Witz Education, and numerous others.
Explorance Market Opportunities, M&A and Geo Expansions
In the last year, Explorance has experienced a twofold increase in its European client base. The establishment of new offices in Europe reflects Explorance's commitment to fostering enhanced partnerships with its expanding European clientele.
Explorance Risks and Challenges
Establishing a robust brand presence across EMEA and other global regions may require a considerable amount of time.
Explorance Ecosystem, Partners, Resellers and SI
In February 2023, Ferrero, a global manufacturer of well-known chocolate and confectionery brands, such as Ferrero Rocher, Kinder, Nutella, and Tic Tac, engaged Explorance for a consulting project. This project aims to establish the groundwork for a new learning evaluation strategy. The internationally renowned brands under Ferrero include Eat Natural, Fox’s, Thorntons, and Tic Tac.
In collaboration with Canvas, the Learning Management System (LMS) developed by Instructure, Explorance extends its comprehensive evaluation and feedback systems to all Instructure clients seamlessly integrated within the Canvas platform interface.
Explorance Cloud Infrastructure Insights
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- Explorance Public Cloud and Infrastructure (IaaS)
- Explorance Platform (PaaS)
- Explorance Application Delivery
- Explorance Private Cloud and Data Centers
Research Methodology
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
For additional information on our methodologies, here's the link:
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