Iconixx Strengths, Domain Expertise, and Key Differentiators
Iconixx sells compensation management applications. The Iconixx product suite Iconixx Sales, Iconixx Incentive and Iconixx Merit makes the vendor a one-stop resource for sales, bonus and salary compensation solutions. Its Cloud-based solutions help customers manage incentives for the entire workforce. Iconixx has been benchmarked at 100 million transactions for 100,000 payees in four hours, making it one of the fastest solutions on the market.
Iconixx Recent Developments
Iconixx made enhancements to its incentive compensation apps with new features for Calculation Drill-Ins, New Worksheet Styling, Increased Data Segregation, and Improved Integration into HCM apps like SilkRoad.
Iconixx Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Iconixx 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 Iconixx 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 Iconixx Sales, Iconixx Incentives, Iconixx Merit customers.
Iconixx Overview
Ownership: - x
Number of Employees: 120
Functional Markets: SPM,
Key Verticals: Banking and Financial Services, Communication, Healthcare, Life Insurance, P&C Insurance, Specialty Insurance, Life Sciences, Manufacturing, Professional Services, Retail,
Iconixx Key Enterprise and Cloud Applications
Iconixx Sales, Iconixx Incentives, Iconixx Merit
Iconixx 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.
Iconixx 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% |
| Revenues, $M | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe |
Iconixx Enterprise Applications Revenues By Functional Markets, $M:
Iconixx Enterprise Applications Revenues By Verticals, $M:
Iconixx Revenues By Region, $M
| Region | % of Total Revenues | 2021 Total Revenues, $M | 2021 Enterprise Applications Revenues, $M | 2021 Cloud Applications Revenues, $M |
|---|---|---|---|---|
| Americas | Subscribe | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe | Subscribe |
Iconixx Direct vs Indirect sales
| Region | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
Iconixx Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified Iconixx Customers
No. of Iconixx Customers: 300
No. of Iconixx Enterprise Applications Customers: 300
No. of Iconixx Cloud Customers: x
No. of Iconixx Cloud Subscribers: x
In June 2020, HUB International selects Iconixx Software as its strategic partner in global compensation strategy and automation. HUB International operates a fast-paced, growth-by-acquisition insurance brokerage with decentralized operations. Given their ever-changing environment, Iconixx was selected to enable strategic, autonomous compensation practice within HUB International regional offices & branches. HUB International selects Iconixx Software as its strategic partner in global compensation strategy and automation. HUB International operates a fast-paced, growth-by-acquisition insurance brokerage with decentralized operations. Given their ever-changing environment, Iconixx was selected to enable strategic, autonomous compensation practice within HUB International regional offices & branches.
In April 2020, the Andover-based staffing firm, ALKU, formally selected Iconixx Software as their partner to deliver an industry-leading compensation solution. ALKU operates a fast-paced, highly complex, transaction heavy, competitive sales organization that requires the highest levels of security, accuracy and flexibility related to their growing business and compensation practices. While ALKU strives to maintain its Top Net Promoter Scores (NPS) and "Best Staffing Firm to Work For" accolades, Iconixx is hard at work to ensure their compensation practices and calculations remain accurate, competitive and continue to excite their inside talent.
Iconixx customers list includes companies such as Seagull Scientific, BlueCross BlueShield, Raymond James & Associates, Scholastic Book Fairs, Bioventus, Aurea, Alaska, U.S. Retirement Partners, Henkel, CBS, Phonak, Power Mark Resources, Alaska Communications, and many others.
Iconixx Market Opportunities, M&A and Geo Expansions
Most recently, Iconixx released its Cloud Quota Management application and is about to unveil a series of additions to its cloud performance platform to drive a more comprehensive integrated SPM and CPM offering for finance and sales leaders. Iconixx raised $10 million comes on the heels of a $4,5 million capital investment from Ballast Point Ventures and KBH Ventures in 2014.
That investment and an earlier round in 2012 were both instrumental in helping Iconixx capture a significant slice of market share. The infusion of fresh capital will have a transformational impact on the company. Iconixx is focused on expanding its product line at an aggressive rate and will hire a substantial number of additional employees -- including a 150 percent increase in the size of its customer success team.
Iconixx Risks and Challenges
Iconixx may need to expand into adjacent areas such as sales performance management to become a one-stop-shop for compensation professionals as well as sales executives.
Iconixx Ecosystem, Partners, Resellers and SI
Iconixx has developed an ecosystem of expert partners such as NetSuite, Perks Enterprise Engagement, Canidium, Elliot Scott, Fig Leaf Software, Logi Analytics, Salesforce, The TerrAlign Group, HRtechies Inc., SilkRoad, Spectrum Technologies, TalentGuard, Microsoft, Canidium and Sibson Consulting.
Iconixx Cloud Infrastructure Insights
Subscribe to read more about:
- Iconixx Public Cloud and Infrastructure (IaaS)
- Iconixx Platform (PaaS)
- Iconixx Application Delivery
- Iconixx 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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