Groove Labs Strengths, Domain Expertise, and Key Differentiators
Groove provides a cloud-based sales engagement platform built atop Salesforce.com Inc.’s namesake customer relationship management system. A sizable percentage of the world’s enterprises use Salesforce to store their customer and deal data. Groove’s platform provides additional capabilities atop the built-in feature set aimed at making salespeople more productive by automating repetitive work.
Because Groove’s platform runs directly on Salesforce, organizations don’t have to send their customer and deal data to an external cloud service. Removing the need to move information avoids the data errors that can emerge when records are transferred from the system where they’re usually stored to a new environment. Less software complexity also translates into a lower risk of regulatory compliance issues.
Groove Labs Recent Developments
In 2021, Groove launched a new Auto Contact Capture feature that identifies missing Salesforce contacts cc’d on emails or meeting invitations. Groove helps fill out the buying committee, capturing intelligence around members at the periphery of deals while reducing rep data entry overhead.
Groove Labs Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Groove Labs 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 Groove Labs 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 Groove Platform customers.
Groove Labs Overview
Ownership: - x
Number of Employees: 200
Functional Markets: CRM,
Key Verticals: Aerospace and Defense, Automotive, Banking and Financial Services, Communication, Construction, Real Estate, Consumer Packaged Goods, Distribution, K29, Higher Education, Federal Government, State and Local Government, Public Safety, Healthcare, Life Insurance, P&C Insurance, Specialty Insurance, Leisure and Recreation, Hospitality, Life Sciences, Manufacturing, Media, Faith-Based Nonprofit, Youth and Elderly Care, Special Cause Nonprofit, Oil and Gas, Chemicals, Professional Services, Retail, Transportation, Utilities,
Groove Labs Key Enterprise and Cloud Applications
Groove Labs Revenues, $M:
|Type/Year||2020||2021||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.
Groove Labs Revenue Breakdown By Type, $M:
|Type||License||Prof. Services||Hardware||Support & Maintenance||SaaS||PaaS||IaaS||Other (Non Enterprise Application Revenues)||Total|
|% of Total Revenues||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||100%|
Groove Labs Enterprise Applications Revenues By Functional Markets, $M:
Groove Labs Enterprise Applications Revenues By Verticals, $M:
Groove Labs Revenues By Region, $M
|Region||% of Total Revenues||2021 Total Revenues, $M||2021 Enterprise Applications Revenues, $M||2021 Cloud Applications Revenues, $M|
Groove Labs Direct vs Indirect sales
|Region||Direct Sales||Indirect Sales||Total|
Groove Labs Customers - Breakdown by Geo, Size, Vertical and Product
No. of Groove Labs Customers: x
No. of Groove Labs Enterprise Applications Customers: x
No. of Groove Labs Cloud Customers: x
No. of Groove Labs Cloud Subscribers: 70000
More than 70,000 users at customers including Google, Atlassian, Uber, and Capital One leverage Groove to be more efficient and effective.
Groove Labs Market Opportunities, M&A and Geo Expansions
Sales software startup Groove Labs Inc. plans to add more large companies to its customer base and grow international operations using a newly closed $45 million funding round, that was led by Viking Global Investors.
Groove Labs Risks and Challenges
Groove is designed to support the security, scalability, and customization needs of Enterprises using Salesforce or Salesforce Industry Clouds
Groove Labs Ecosystem, Partners, Resellers and SI
Groove streamlines the task with integrations that can pull data into the CRM from sources such as Gmail and Microsoft 365, the Microsoft Corp. product bundle through which the Office productivity suite is provided.
Groove Labs Cloud Infrastructure Insights
Subscribe to read more about:
- Groove Labs Public Cloud and Infrastructure (IaaS)
- Groove Labs Platform (PaaS)
- Groove Labs Application Delivery
- Groove Labs Private Cloud and Data Centers
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).
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