HiBob Strengths, Domain Expertise, and Key Differentiators
HiBob is on a mission to transform how organizations operate in the modern world of work with its HR platform Bob. Leading the way for the future workplace, Bob offers resilient, agile technology that wraps all the complexities of HR processes into a game-changing, user-friendly tool that touches every employee across the business.
HiBob Recent Developments
In April 2022 HiBob unveiled its 1-on-1 meeting feature, a manager empowerment tool that allows modern, mid-sized, multinational companies to consolidate manager-employee meetings into their Bob HR tech platform. In an age where employee experience is more important than ever, the Bob HR tech platform helps companies foster more meaningful relationships and keep employees satisfied. Through this new feature, teams can keep an open line of communication for a stronger culture based on transparency, openness, and collaboration. The new 1-on-1 feature contains five out-of-the-box meeting templates for onboarding, goal setting, performance review, career growth, and regular check-ins. Other templates can be created and customized or talking points can be added manually to a meeting. This new functionality not only helps employees meet company and career goals but also creates stronger working relationships in a time when communication is key in remote or hybrid workplaces.
HiBob Mergers and Acquisitions (M&A) Activities
In September 2022 HR management platform HiBob acquired the Portuguese company Bugle. Bugle was founded in 2014 and employs around 20 people, who will join HiBob’s team and form the basis of its Lisbon-based, engineering-led operation. The venture is set to create 70 new jobs for tech professionals in the region over time. The cost of the acquisition and the founding of the new R&D center is estimated at around $30 million. HiBob’s expansion in this part of Western Europe also follows the recent opening of a Berlin office to service the DACH region. Entrepreneur and economist João Ferro Rodrigues, who founded and ran Bugle, joins as Managing Director to head up operations.
HiBob Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying HiBob 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 HiBob 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 HiBob HR HiBob Onboarding, HiBob Performance Management customers.
Ownership: - x
Number of Employees: 650
Functional Markets: HCM,
Key Verticals: Banking and Financial Services, Communication, Construction, Real Estate, Consumer Packaged Goods, Distribution, Healthcare, Life Sciences, Manufacturing, Media, Professional Services, Retail,
HiBob Key Enterprise and Cloud Applications
HiBob HR HiBob Onboarding, HiBob Performance Management
HiBob 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.
HiBob 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%|
HiBob Enterprise Applications Revenues By Functional Markets, $M:
HiBob Enterprise Applications Revenues By Verticals, $M:
HiBob Revenues By Region, $M
|Region||% of Total Revenues||2021 Total Revenues, $M||2021 Enterprise Applications Revenues, $M||2021 Cloud Applications Revenues, $M|
HiBob Direct vs Indirect sales
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HiBob Customers - Breakdown by Geo, Size, Vertical and Product
No. of HiBob Customers: 2500
No. of HiBob Enterprise Applications Customers: x
No. of HiBob Cloud Customers: x
No. of HiBob Cloud Subscribers: x
In October 2021, when the Series C funding round came, HiBob was a company of 300 employees with just over 1,500 customers. Today, less than a year later, there are 650 employees and more than 2,500 customers. They have opened an office in Berlin to serve the DACH region, successfully expanded into new office spaces in London and New York, and have plans to continue expanding our reach in the US and Europe before the end of the year.
Among its customers are VaynerMedia, Elation Health, Auror, Vita Mojo, BigID, Logz.io, Skroutz, DefinedCrowd, SmartRecruiters, AlgoSec, Kustomer, Nuvei, Fiverr, Uala, and many others.
HiBob Market Opportunities, M&A and Geo Expansions
To support its growth and expanding customer base, HiBob has doubled in size with over 370 new hires since Q4 2021. HiBob has also expanded its New York and London office locations, in addition to opening an office in Berlin, Germany to serve the DACH region. With users in 166 countries and support for 13 different languages, HiBob is one of the only platforms for modern multinationals employing hundreds of people. With this Series D financing, the company plans to add additional regional offices in the next 24 months.
HiBob Risks and Challenges
It would be challenging to align the corporate strategy and goals in different offices worldwide.
HiBob Ecosystem, Partners, Resellers and SI
In June 2021 Hibob, the company behind the innovative HCM platform bob, acquired Cassiopeia, a startup that developed AI-based workplace relationship analytics technology to help teams improve communication, collaboration, and work-life balance through advanced communication pattern analysis. Hibob, together with the Cassiopeia team that has joined Hibob, will offer more robust analytics for companies operating in hybrid and remote work models by identifying distributed teams' interactions and providing actionable insights to help increase the ability to work effectively together. As Hibob continues expanding its U.S. presence, the acquisition and integration of Cassiopeia's technology into the bob platform is part of Hibob's initiative to provide more innovative tools and solutions for companies to support various work modules and ensure a supportive employee experience for the modern workplace.
HiBob Cloud Infrastructure Insights
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- HiBob Public Cloud and Infrastructure (IaaS)
- HiBob Platform (PaaS)
- HiBob Application Delivery
- HiBob 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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