MindTickle Strengths, Domain Expertise, and Key Differentiators
Mindtickle serves as a sales readiness platform, supporting leaders in revenue at renowned companies such as Johnson & Johnson, Splunk, and Wipro. It ensures they are prepared to boost revenue by enhancing knowledge, comprehending optimal sales behaviors, and adapting to changes in the business landscape.
MindTickle Recent Developments
On October 18, 2023, Mindtickle introduced new tools to make it easier for businesses to follow successful practices and improve workflows. These updates, driven by recent advances in AI, assist leaders in sales, enablement, marketing, and revenue operations in making impactful decisions and executing strategies. The features include AI-guided program creation, real-time self-enablement, and scalable call scoring. Additionally, Mindtickle launched Copilot, a generative AI assistant aimed at optimizing time for customer-facing teams, demonstrating the company's commitment to helping teams focus on revenue-generating activities.
In January 2022, MindTickle expanded its collaboration with Amazon Web Services (AWS). Mindtickle has joined the AWS Independent Software Vendor (ISV) Accelerate Program and its solution, the Mindtickle Sales Readiness Platform, is now listed in AWS Marketplace.
A significant step in the company’s ongoing collaboration with AWS, the AWS ISV Accelerate Program is a co-sell program for organizations that provide software solutions that run on or integrate with AWS.
MindTickle Mergers and Acquisitions (M&A) Activities
May 2, 2023 – Mindtickle announced the acquisition of Enable Us, the fast-growing Digital Sales Room and buyer enablement provider.
MindTickle Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying MindTickle 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 MindTickle 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 MindTickle Sales Readiness Platform customers.
MindTickle Overview
535 Mission St, 14th Floor
San Francisco, CA, 94105, United States
1 800-231-5578
https://www.mindtickle.com/
Ownership: - x
Number of Employees: 700
Key Verticals: Banking and Financial Services, Communications, Real Estate, Consumer Packaged Goods, Distribution, Healthcare, Life Insurance, P&C Insurance, Specialty Insurance, Leisure and Recreation, Hospitality, Life Sciences, Manufacturing, Media, Professional Services, Retail, Transportation, Utilities,
MindTickle Key Enterprise and Cloud Applications
MindTickle Sales Readiness Platform
MindTickle Revenues, $M:
| Type/Year | 2022 | 2023 | YoY Growth, % |
|---|---|---|---|
| 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.
MindTickle Revenue Breakdown By Type, $M:
MindTickle Enterprise Applications Revenues By Functional Markets, $M:
MindTickle Enterprise Applications Revenues By Verticals, $M:
MindTickle Revenues By Region, $M
| Region | % of Total Revenues | 2023 Total Revenues, $M | 2023 Enterprise Applications Revenues, $M | 2023 Cloud Applications Revenues, $M |
|---|---|---|---|---|
| Americas | Subscribe | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe | Subscribe |
MindTickle Direct vs Indirect sales
| Region | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
MindTickle Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified MindTickle Customers
No. of MindTickle Customers: 200
No. of MindTickle Enterprise Applications Customers: 200
No. of MindTickle Cloud Customers: x
No. of MindTickle Cloud Subscribers: x
In the fiscal year 2022-2023, Mindtickle's Call AI, which helps understand conversations, grew with more than double the number of customers (110%) and almost double the yearly revenue (97.3%). Their Asset Hub, a tool for sales content, also saw significant growth, with more than triple the number of customers (223%) and almost triple the yearly revenue (185%). Moreover, current customers increased their spending on Mindtickle's training and enablement products, resulting in a retention rate of over 100%.
More than 200 enterprises, including more than 40 of the Fortune 500 and Forbes Global 2000 firms, are among MindTickle’s clients. Some of the names include MongoDB, Nutanix, Qualtrics, Procore, Square, Janssen, Cloudera, Dexcom, Merck & Co., and Benetton Group.
MindTickle Market Opportunities, M&A and Geo Expansions
In 2023, Mindtickle revealed its acquisition of Enable Us, a rapidly expanding Digital Sales Room and buyer enablement provider. This strategic move enhances Mindtickle's overarching goal of enhancing revenue productivity for sales organizations globally.
In November 2020, MindTickle has raised $100 million in a financing round. SoftBank Vision Fund 2 led the financing round, which is a combination of debt and equity. Existing investors Norwest Venture Partners, Accel Partners, Canaan, NEA, NewView Capital, and Qualcomm Ventures also participated in the round. The vast majority of this $100 million fund is equity investment
MindTickle Risks and Challenges
A potential risk for MindTickle lies in the competitive landscape of the CRM market, particularly the formidable competition posed by major players like Salesforce.
MindTickle Ecosystem, Partners, Resellers and SI
Mindtickle has a broad network of partnerships. Their sales training collaborators, including Baker Communications, Blanchard, Menemsha Group, Linkedin Learning, and others, offer impactful services using Mindtickle's top-notch Sales Readiness Platform. Content partners like MEDDIC Academy, Sandler Training, and The Sales House provide effective e-learning and training materials powered by Mindtickle's leading Sales Readiness platform. Additionally, solutions partners like Mediafly, Adobe Experience Manager, and Sharepoint offer integrated software solutions in collaboration with Mindtickle.
In June 2022, MindTickle entered into partnership with Baker Communications, Inc. s sales transformation company. With this partnership, Mindtickle and BCI are making available a sales excellence joint solution to transform the way businesses assess, baseline, and build the selling skills of every customer-facing employee. The solution provides sales and enablement leaders with a single integrated approach to benchmarking and enabling over 20 core selling and sales management skills across teams at scale and in a cost-effective manner.
MindTickle Cloud Infrastructure Insights
Subscribe to read more about:
- MindTickle Public Cloud and Infrastructure (IaaS)
- MindTickle Platform (PaaS)
- MindTickle Application Delivery
- MindTickle 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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