WorkSpan Strengths, Domain Expertise, and Key Differentiators
WorkSpan serves as an Alliance Relationship Management solution, automating and reporting on collaborative sales, marketing, and solution initiatives. Facilitating partnerships for joint products and services, WorkSpan enables companies to engage, manage, and measure activities at scale. Whether connecting with existing partners on the WorkSpan network or inviting others to join, companies benefit from a dynamic ecosystem, with over $130 million in managed funds and an annual influenced pipeline exceeding $3.1 billion.
WorkSpan Recent Developments
In October 2022, WorkSpan raised $30 million in Series C funding, led by software investor Insight Partners, with participation from Mayfield and M12, Microsoft's venture fund. The funds will be used to drive customer innovation and support continued growth.
In May 2020, WorkSpan secured additional funding led by Mayfield, with participation from Redline Capital, Microsoft’s M12 Ventures, Nautilus, and Knollwood. This successful fundraising in a challenging economic climate underscores the strength of WorkSpan's business model. The funds will fuel the company's continued rapid growth as a leader in helping top technology firms optimize revenue through partner ecosystems.
WorkSpan Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying WorkSpan 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 WorkSpan 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 WorkSpan Ecosystem Cloud customers.
WorkSpan Overview
473 E. Carnegie Dr., Suite 200
San Bernardino, CA, 92408, United States
1 650-395-9388
https://www.workspan.com/
Ownership: - x
Number of Employees: 160
Functional Markets: CRM,
Key Verticals: Professional Services,
WorkSpan Key Enterprise and Cloud Applications
WorkSpan Ecosystem Cloud
WorkSpan 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.
WorkSpan Revenue Breakdown By Type, $M:
WorkSpan Enterprise Applications Revenues By Functional Markets, $M:
WorkSpan Enterprise Applications Revenues By Verticals, $M:
WorkSpan 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 |
WorkSpan Direct vs Indirect sales
| Region | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
WorkSpan Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified WorkSpan Customers
No. of WorkSpan Customers: x
No. of WorkSpan Enterprise Applications Customers: x
No. of WorkSpan Cloud Customers: x
No. of WorkSpan Cloud Subscribers: x
WorkSpan expanded its clientele beyond established partners such as SAP, SUSE, and Lenovo, to include industry leaders and ecosystem hubs like Microsoft, Google, Accenture, VMware, Red Hat, Nutanix, and others. Forward-thinking enterprises strategically structure their contemporary partner programs around ecosystems, aiming to adeptly address dynamic and ever-evolving customer needs.
WorkSpan Market Opportunities, M&A and Geo Expansions
In March 2022, WorkSpan launched Co-sell with Me, a solution designed to automate and streamline co-selling efforts on the WorkSpan platform. This tool facilitates the creation of partner plans, manages referrals and joint opportunities, and offers advanced reporting for real-time insights into partner contributions across various parameters, enhancing overall efficiency and collaboration.
In 2020, WorkSpan, positioned as the preeminent leader in the Ecosystem Cloud category, achieved a landmark fiscal year marked by a substantial increase in bookings, exceeding 100% year-over-year growth. The company sustains robust momentum in customer acquisition, with its current client portfolio encompassing three of the world's top 10 largest technology companies. Among WorkSpan's distinguished clientele are industry leaders such as Microsoft, Accenture, SAP, Dell, Cisco, Verizon, Ericsson, and VMware, serving as representative exemplars of the platform's widespread adoption among key players in the technology landscape
WorkSpan Risks and Challenges
No venture is without risks, and WorkSpan is no exception. The collaboration with Microsoft Dynamics, while promising, introduces challenges that must be navigated for future success. These challenges may involve aligning strategies, ensuring seamless integration, and adapting to the dynamic nature of the IT market.
WorkSpan Ecosystem, Partners, Resellers and SI
WorkSpan and SoftwareAG have partnered to deliver a sophisticated suite of capabilities, empowering program owners and managers in overseeing complex partner go-to-market (GTM) relationships. This collaborative effort introduces the first enterprise-grade intercompany "integration service bus," enabling a seamless and agile virtual network for companies to operate at the speed of modern business.
WorkSpan collaborates with Microsoft enabling Microsoft Dynamics 365 customers to take advantage of the growing ecosystem of partners engaged in build-with, market-with, and sell-with motions to accelerate innovation and bring more valuable joint solutions to their customers through these go-to-market partnerships.
WorkSpan Cloud Infrastructure Insights
Subscribe to read more about:
- WorkSpan Public Cloud and Infrastructure (IaaS)
- WorkSpan Platform (PaaS)
- WorkSpan Application Delivery
- WorkSpan 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:
https://www.appsruntheworld.com/About Ushttps://www.appsruntheworld.com/taxonomy
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