Axonify Strengths, Domain Expertise, and Key Differentiators
Built with the fundamentals of brain science, adaptive learning, gamification, microlearning and knowledge-on-demand at its core, the Axonify Employee Knowledge Platform encourages employees to take the right actions—ultimately driving business outcomes that increase revenue or decrease expenses. Through its unique analytics and reporting capabilities, Axonify allows organizations to finally tie the impact of employee knowledge to behavior change to bottom line results. In 2016, Axonify raised US$27 million in growth equity funding. The round was led by new investor JMI Equity, and existing investor BDC Capital through the BDC IT Venture Fund. The funding will use in driving further expansion of the business.
Axonify Recent Developments
Axonify has been making waves with its recent developments, including the launch of Max, a conversational generative AI tool, and a new frontline enablement solution in March 2023. This aligns with their refreshed brand identity, emphasizing the evolution of their product. The company's commitment to innovation and adaptive learning is evident, showcasing a dedication to staying at the forefront of the industry.
Axonify Mergers and acquisitions (M&A) Activities
Axonify's strategic acquisitions, such as MLevel in March 2021 and Nudge in June 2022, highlight their focus on enhancing digital learning and employee communication platforms. These moves position Axonify as a holistic solution provider for modern workforce training.
Axonify Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Axonify 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 Axonify 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 Axonify Employee Knowledge Platform customers.
Axonify Overview
Ownership: - x
Number of Employees: 300
Functional Market: Learning and Development,
Key Verticals: Aerospace and Defense, Automotive, Banking and Financial Services, Communications, Construction, Real Estate, Consumer Packaged Goods, Distribution, K12, Higher Education, Federal Government, State and Local Government, Public Safety, Healthcare, Life Sciences, Manufacturing, Media, Oil and Gas, Chemicals, Professional Services, Retail, Transportation, Utilities,
Axonify Key Cloud and HCM Applications
Axonify Employee Knowledge Platform
Axonify HCM and Cloud HCM Applications Revenues, $M:
| Type/Year | 2022 | 2023 | YoY Growth, % |
|---|---|---|---|
| Total Revenues, $M | Subscribe | Subscribe | Subscribe |
| HCM Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
* HCM Applications Revenues = License + Support & Maintenance + SaaS ( Hardware and Prof. Services are Excluded )
** 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.
Axonify Revenue Breakdown by Type:
Axonify HCM Applications Revenues By Sub-Functional Markets, $M:
Split by Sub-Functional Markets | % of HCM Revenue in the HR Segment | 2023 HCM Revenues, By HR Segment, $M | |
Axonify HCM Applications Revenues By Verticals, $M:
Axonify Total and HCM Applications Revenues by Region:
| Region | % of Total Revenues | 2023 Total Revenues, $M | 2023 HCM Applications Revenues, $M |
|---|---|---|---|
| Americas | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe |
Axonify Direct vs Indirect sales
| Region | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
Axonify Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified Axonify Customers
No. of Axonify Customers: 250
No. of Axonify HCM Applications Customers: 250
No. of Axonify Cloud HCM Customers: 250
No. of Axonify Cloud HCM Subscribers: 3.5 million
Axonify boasts clientele, including powerhouse brands like Walmart, Toyota, Bloomingdale’s, and Johnson & Johnson. With over 3.5 million frontline workers in 160+ countries, their engagement rate of 83% underscores the platform's effectiveness in diverse industries and regions.
Axonify Market Opportunities, M&A and Geo Expansions
Axonify's opportunities lie in market expansion, particularly in new regions. Embracing Cloud, IoT, AI, and ML technologies will further enhance their offering. The labor shortage underscores the need for effective workforce training, presenting a ripe market for Axonify's solutions.
Axonify Risks and Challenges
While Axonify's innovative approach addresses workforce challenges, the high product price may pose a barrier. Internal risks include burnout concerns among customer-facing workers, emphasizing the importance of balancing training intensity.
Axonify Ecosystem, Partners, Resellers and SI
Axonify's partnerships with Kronos, SAP, and OpenSesame showcase a robust ecosystem. The Kronos Workforce Dimensions Technology Partner Network and Reseller Partnership Programs amplify their network effects, solidifying Axonify's position in the industry.
Axonify Cloud Platform (PaaS) and Infrastructure (IaaS) Details
Subscribe to read more about:
- Axonify Public Cloud and Infrastructure (IaaS)
- Axonify Platform (PaaS)
- Axonify Application Delivery
- Axonify 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:
https://www.appsruntheworld.com/taxonomy
https://www.appsruntheworld.com/FAQ
