Limeade Inc. Strengths, Domain Expertise, and Key Differentiators
Limeade ONE brings together employee well-being, engagement, and inclusion in a mobile-first experience. The Limeade ONE platform empowers companies to create an intentional employee experience that demonstrates care by reaching every employee, listening to them, and offering activities, resources, and programs. Each solution is available individually, or as an integrated platform.
Limeade Inc. Recent Developments
In May 2021, Limeade announced Todd Spartz as the company’s new Chief Finance Officer (CFO) and Elizabeth (Liz) Carver as Chief People Officer (CPO). Spartz is responsible for directing Limeade investments focused on driving continued growth and stakeholder value for the company. He will manage financial reporting and planning, investor relations, legal and corporate development efforts. Spartz is a highly experienced public (NASDAQ) and private company CFO with vast experience in enterprise SaaS, M&A, strategy, and managing growth with financial discipline. Prior to joining Limeade, Spartz was the CFO of UserZoom – a UX insights software offering – and held other financial management positions in B2B organizations including Experian, Oblix, and Determine.
In August 2019, Limeade launched the new expanded Global Well-Being Activity Library, a collection of more than 125 science-backed activities designed to improve employee well-being in the workplace. With Limeade companies can deliver pre-created activities to employees around the world tailored to their language, organizational culture, and ability level. This content goes beyond traditional well-being offerings to address the complex and countless factors that enable employees to thrive.
In April 2019, Limeade published Limeade ONE - a platform to deliver well-being, engagement, inclusion, and communications solutions in one seamless user experience. With Limeade ONE, companies can authentically show even the hardest-to-reach employees that they care about.
Limeade Inc. Mergers and Acquisitions (M&A) Activities
In July 2021, Limeade announced its acquisition of TINYpulse. The acquisition brings together two companies committed to helping their customers create healthy employee experiences. The acquisition comes at a time when companies worldwide are increasing their investment in understanding and tracking employee sentiment and well-being. In its most recent market forecast, IDC reported1 that 44% of organizations worldwide, and 47% in the United States, plan to increase spending on employee experience technology.
"In September 2018, Limeade acquired Sitrion and its employee experience solution Sitrion ONE – an end-to-end offering that revolutionizes employee communications and workflows with one simple, personalized mobile app. This expands the Limeade global customer footprint and adds new European, Canadian, and U.S. presences.
By combining the ONE award-winning communications technology with the Limeade platform for well-being, employee engagement, inclusion, and social recognition, Limeade is poised to improve the employee experience globally. This reinforces the Limeade commitment of building great companies by improving employee well-being and strengthening workplace culture."
Limeade Inc. Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Limeade Inc. 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 Limeade Inc. 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 Limeade Well-Being, Limeade Engagement, Limeade Inclusio, Limeade One, Limeade Platform customers.
Limeade Inc. Overview
Ownership: - ASX: LME
Number of Employees: 300
Functional Markets: HCM,
Key Verticals: Aerospace and Defense, Automotive, Banking and Financial Services, Communication, Construction, Real Estate, Consumer Packaged Goods, Distribution, K694, Higher Education, 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,
Limeade Inc. Key Enterprise and Cloud Applications
Limeade Well-Being, Limeade Engagement, Limeade Inclusio, Limeade One, Limeade Platform
Limeade Inc. 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.
Limeade Inc. 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%|
Limeade Inc. Enterprise Applications Revenues By Functional Markets, $M:
Limeade Inc. Enterprise Applications Revenues By Verticals, $M:
Limeade Inc. Revenues By Region, $M
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Limeade Inc. Direct vs Indirect sales
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Limeade Inc. Customers - Breakdown by Geo, Size, Vertical and Product
No. of Limeade Inc. Customers: 175
No. of Limeade Inc. Enterprise Applications Customers: 175
No. of Limeade Inc. Cloud Customers: x
No. of Limeade Inc. Cloud Subscribers: 2.4 million
Limeade currently has a customer base of more than 180 companies with over 2.4 million users in more than 100 countries, helping global customers ensure their employees know they care.
Among its customers are, Keurig Dr. Pepper, Bosch, Stryker, Synopsys, Otto Group, Dr. Oetker, Bayer, AmTrust Financials, Panasonic, Mercury Insurance, Vericast, AllinaHealth, Team Health, Kindred Healthcare, Brunswick, Montana University System, IOWA State University, Leidos, Puget Sound Energy, ABB, and many others.
Limeade Inc. Market Opportunities, M&A and Geo Expansions
In April 2021, Limeade announced it is expanding the company's industry-leading Well-Being solution by incorporating the company's science-backed inclusion technology. Grounded in research, the Limeade inclusion survey and activities enable leaders to measure and take action on inclusion — further empowering employers to better care for and support the needs of today's workplace.
"In April 2020, in an effort to support the emotional and physical well-being of Washingtonians during the COVID-19 pandemic, the state’s Health Care Authority worked with Limeade, an employee experience software company, to expand free access to its online wellness tools to more than 200,000 Apple Health (Medicaid) clients through 2020.
This is the first time the Limeade Well-Being solution has been made available to Apple Health clients. More than 1.8 million Washington residents are enrolled in Apple Health; HCA and Limeade selected the clients who would be eligible for this free service based on geography and if they have an active email address on file. Eligible individuals are Apple Health clients ages 19 to 64 and pregnant women in King, Snohomish, Pierce, and Spokane counties."
Limeade Inc. Risks and Challenges
Leadership change can affect company growth. In 2020, Limeade made two new leadership appointments, Larry Colagiovanni as VP of Research & Development and Sam Testa as VP, North American Sales. In his new role, Larry is responsible for leading Limeade research and development teams to ship innovative employee experience software that employees and companies love. He will work closely alongside Chief Technology Officer Erick Rivas, who remains focused on long-term technology architecture, exploring inorganic growth opportunities, and more.
Sam Testa oversees a team of seasoned sales executives, leading Limeade sales outreach to enterprise companies across North America. Testa brings over 17 years of sales experience in HR technology, including nearly 7 years at Limeade, most recently as Regional Vice President, Central Region. He will continue to report to Chief Growth Officer Mitch Risner. Testa holds a bachelor’s degree in communications from the University of Wisconsin-Madison.
In 2019, Limeade made two new leadership appointments. Toby Davis as Chief Financial Officer (CFO), in his new role, Davis will focus on optimizing for global growth, architecting strategic opportunities, and developing a world-class team that continues building a strong financial foundation for the company.
And Scott Fletcher as Vice President of Legal, in his new role, Scott will be responsible for managing and mitigating risk for Limeade, while navigating the often-changing regulatory landscape. He will work closely with all departments to build legal processes and approaches that ensure security, compliance, and privacy for Limeade employees and customers."
Limeade Inc. Ecosystem, Partners, Resellers and SI
Limeade has HQ offices in the U.S., Canada, and Germany with employees located around the world.
Limeade Inc. Cloud Infrastructure Insights
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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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