Miro Strengths, Domain Expertise, and Key Differentiators
Miro's platform for modern work, enabling collocated, distributed, and remote teams to communicate and collaborate across formats, tools, channels, and time zones — without the constraints of physical location, meeting space, and whiteboard.
Miro Recent Developments
In November 2021, Miro added 5 new additions to their Miro platform. The additions are supposed to help customers lead effective meetings, create a collaborative environment that suits different learning styles, and keep teams focused, on-track, and productive.
Since October 2021, the company is spun off from the Engineering Group becoming an independent entity controlled by Bain Capital and Neuberger Berman. In addition, Paolo Bergamo has been appointed as Chairman and Chief Executive Officer of OverIT.
In October 2020, Miro has built Miro Interactive Meeting and Workshops, the solution to unproductive meetings that takes the best of both in-person and remote collaboration to create a better, more effective meeting format that’s visual and interactive.
Miro Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Miro 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 Miro 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 Miro Collaborative Platform customers.
Ownership: - x
Number of Employees: 1700
Key Verticals: Aerospace and Defense, Automotive, Banking and Financial Services, Communication, Construction, Real Estate, Consumer Packaged Goods, Distribution, K477, 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,
Miro Key Enterprise and Cloud Applications
Miro Collaborative Platform
Miro 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.
Miro 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%|
Miro Enterprise Applications Revenues By Functional Markets, $M:
Miro Enterprise Applications Revenues By Verticals, $M:
Miro Revenues By Region, $M
|Region||% of Total Revenues||2021 Total Revenues, $M||2021 Enterprise Applications Revenues, $M||2021 Cloud Applications Revenues, $M|
Miro Direct vs Indirect sales
|Region||Direct Sales||Indirect Sales||Total|
Miro Customers - Breakdown by Geo, Size, Vertical and Product
No. of Miro Customers: 21000
No. of Miro Enterprise Applications Customers: x
No. of Miro Cloud Customers: x
No. of Miro Cloud Subscribers: 35m
Among Miro's customers are Upwork, Skyscanner, Instapage, OneEvent, Cisco, Qlik, Solvay, SAP, SapientNitro, Adaptive Path, Atkins, Distilled, and many others.
Miro Market Opportunities, M&A and Geo Expansions
In May 2021 Miro expanded its global footprint by opening locations in Berlin and Munich, Germany. The Berlin office will serve as one of the company’s major product development hubs, while the office in Munich will focus on serving the unique needs of the company’s quickly expanding enterprise customer base in Germany, Austria, and Switzerland. In total, the new locations will bring over 500 jobs to the region’s world-class technology market in the next 24 months.
In April 2020 Miro has secured $50 million in funding, Iconiq Capital led the round with help from Accel and a slew of individual investors. Among the company’s angel investors was basketball star Steph Curry, and Dutch investor Bas Godska, one of the most prolific Western investors in Eastern Europe.
Miro Risks and Challenges
Premature expansion of the business might prove dificult to sustain.
Miro Ecosystem, Partners, Resellers and SI
In August 2021, Google Workspace and Miro, announced a new partnership to help teams collaborate more easily and effectively, virtually or in-person. Integrated functionality in Google Workspace and Miro will make it easier for teams to ideate and co-create both asynchronously and in real time within Google Meet and across Google Docs, Sheets and Slides.
Miro Cloud Infrastructure Insights
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- Miro Public Cloud and Infrastructure (IaaS)
- Miro Platform (PaaS)
- Miro Application Delivery
- Miro 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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