Beamery Strengths, Domain Expertise, and Key Differentiators
Beamery's Talent Lifecycle Management Platform is designed to create more human experiences for all talent while helping enterprises tap into the full potential of their global workforce. With a focus on driving strategic transformation, reaching diversity recruiting targets, identifying high performers, and optimizing the talent experience, this platform promises to redefine how organizations manage their talent. The platform's core features include a Talent Data Platform, which encompasses Data Integration, Enrichment, Augmentation, and Contextualization. By employing deep learning capabilities, Beamery provides a new context to data, enabling clients to identify and manage talent effectively, even in a rapidly changing job market.
One of the most groundbreaking aspects of Beamery's offering is the Universal Skills Platform. For the first time, organizations can have a unified source of truth for skills data that updates in real-time. This platform enables clients to find and evaluate high-quality skills data with a focus on the specific needs of their organization and industry.
Beamery Recent Developments
In March 2023 Beamery unveiled TalentGPT, the world's first generative AI tailored specifically for HR technology. This pioneering development promises to revolutionize talent acquisition and management by delivering personalized experiences for managers, recruiters, candidates, and employees. TalentGPT represents a unique amalgamation of Beamery's proprietary AI and OpenAI's GPT-4, along with other leading Large Language Models (LLMs). This fusion empowers TalentGPT to provide deeply personalized insights and recommendations, as well as generate content that adapts in real-time to changing customer information and requirements. The implications of this are profound; it means that TalentGPT can do far more than just draft emails or job descriptions. TalentGPT is the result of three years of dedicated development by Beamery, built on the foundation of the Beamery Talent Graph. This impressive resource tracks over 17 billion data points pertaining to candidates, companies, skills, and jobs. TalentGPT augments Beamery's already award-winning AI models with the generative power of pre-trained LLMs, making it a formidable force in HR technology.
According to Sultan Saidov, co-founder and President of Beamery, TalentGPT isn't merely an addition to their product suite; it is a catalyst for the complete overhaul and simplification of user experiences. The advancements in AI technology are poised to transform the interactions offered to users and save them valuable time when tackling complex tasks. This radical simplification and redesign of user experiences will undoubtedly raise the bar for HR technology, enabling organizations to streamline their talent management processes effectively.
In November 2021, Beamery unveiled its groundbreaking Talent Lifecycle Management Platform, ushering in a new era in talent acquisition and management. One of the most compelling aspects of Beamery's platform is its ability to optimize every stage of the talent lifecycle. From the moment a job role is conceptualized to the point where an employee transitions to alumni, Beamery's solution offers unprecedented support. This comprehensive approach allows organizations to navigate the talent journey with precision and effectiveness.
Talent mobility is a concept gaining traction in the HR world. Beamery's Talent Lifecycle Management Platform recognizes the value of internal mobility, allowing organizations to tap into their existing talent pool to fill openings with capable and ambitious employees. This not only enhances workforce productivity but also fosters employee retention by providing opportunities for growth and development within the organization.
Beamery Mergers and acquisitions (M&A) Activities
In the fast-paced realm of the IT industry, staying ahead of the curve often involves making bold moves and strategic acquisitions. One such move that made waves in November 2021 was Beamery's acquisition of Flux, now rebranded as Beamery Grow. Beamery's acquisition of Flux, now Beamery Grow, marks a pivotal moment in the company's evolution. It enabled Beamery to broaden its offerings, transforming it into a one-stop shop for all aspects of talent management. This expansion covers critical areas such as talent marketplace, employee mobility, career pathing, and mentorship. This holistic approach brings all elements of the talent journey under one roof, streamlining processes and enhancing the overall efficiency of talent management.
Beamery's acquisition of Flux, now Beamery Grow, has positioned the company as a leader in the IT industry's talent management landscape. By offering a unified solution that encompasses the entire talent lifecycle, Beamery provides a comprehensive and data-driven approach to talent acquisition and management. This strategic move underscores Beamery's commitment to helping organizations drive more human talent experiences and unlock the skills and potential of their global workforce. As the IT industry continues to evolve, Beamery is well-prepared to lead the way in redefining how businesses attract, manage, and retain their most valuable asset—talent.
Beamery Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Beamery 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 Beamery 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 Talent CRM, Talent Marketing customers.
Beamery Overview
Ownership: - x
Number of Employees: 300
Functional Market: Sourcing, Candidate Relationship Management,
Key Verticals: Automotive, Banking and Financial Services, Communications, Construction, Real Estate, Consumer Packaged Goods, Distribution, Healthcare, Life Insurance, P&C Insurance, Specialty Insurance, Leisure and Recreation, Hospitality, Manufacturing, Media, Faith-Based Nonprofit, Youth and Elderly Care, Special Cause Nonprofit, Professional Services, Retail, Transportation,
Beamery Key Cloud and HCM Applications
Talent CRM, Talent Marketing
Beamery HCM and Cloud HCM Applications Revenues, $M:
Type/Year | 2022 | 2023 | YoY Growth, % |
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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.
Beamery Revenue Breakdown by Type:
Beamery 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 | |
Beamery HCM Applications Revenues By Verticals, $M:
Beamery Total and HCM Applications Revenues by Region:
Region | % of Total Revenues | 2023 Total Revenues, $M | 2023 HCM Applications Revenues, $M |
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Americas | Subscribe | Subscribe | Subscribe |
EMEA | Subscribe | Subscribe | Subscribe |
APAC | Subscribe | Subscribe | Subscribe |
Total | Subscribe | Subscribe | Subscribe |
Beamery Direct vs Indirect sales
Region | Direct Sales | Indirect Sales | Total |
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Type % | Subscribe | Subscribe | Subscribe |
Revenues, $M | Subscribe | Subscribe | Subscribe |
Beamery Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified Beamery Customers
No. of Beamery Customers: 200
No. of Beamery HCM Applications Customers: 200
No. of Beamery Cloud HCM Customers: 200
No. of Beamery Cloud HCM Subscribers: 25000
Doubling its customer base every year is a remarkable feat, and it speaks to the high demand for the services they provide. This growth signifies that Beamery is delivering a product that meets the evolving needs of businesses worldwide. Beamery's impressive clientele reads like a who's who of the business world, including some of the largest global enterprises in the Fortune 500. These organizations have chosen Beamery to support their talent management efforts, a strong endorsement of the platform's effectiveness. Such giants have exacting standards and requirements, and Beamery's ability to meet and exceed these expectations reflects the platform's robust capabilities.
Among Beamery's clients is the world's largest e-commerce company. While the name isn't mentioned, it's a significant testament to Beamery's capabilities. Additionally, renowned names such as Continental, VMware, Zalando, AstraZeneca, Colliers, Grab, and Balfour Beatty are part of Beamery's client roster. These partnerships illustrate the platform's adaptability across diverse industries and organizational structures.
An extensive user base is a strong indicator of a platform's usability and effectiveness. With more than 25,000 active users, Beamery has established itself as a go-to choice for talent management among a broad and diverse user community. This is an important consideration for businesses when evaluating the scalability and reliability of any software solution.
Beamery Market Opportunities, M&A and Geo Expansions
In June 2021, Beamery secured a substantial $138 million in Series C funding, led by the Ontario Teachers' Pension Plan Board (Ontario Teachers') through its Teachers' Innovation Platform (TIP). TIP specializes in late-stage venture and growth equity investments in companies that leverage technology to disrupt established players and create new sectors. This strategic funding is a testament to Beamery's disruptive potential and its ability to redefine talent management in the digital age.
Accenture Ventures, a major player in the technology and consulting industry, also joined the investment round, along with the support of existing investors such as EQT Ventures, Index Ventures, M12, and Workday Ventures. These notable backers underscore Beamery's strong position in the market and its commitment to innovation and growth.
Beamery Risks and Challenges
The consequences of excessive manual work ripple through the organization. Longer time-to-fill positions, lost productivity as teams wait for hires, and the risk of losing top talent to more agile competitors are all ramifications of this bottleneck. In a highly competitive job market, these setbacks can be detrimental to an organization's ability to secure the best talent.
Beamery Ecosystem, Partners, Resellers and SI
Beamery's success is not just about raising funds but also about strategic growth. The company has been consistently expanding its customer base, revenue, and headcount in both the United States and the United Kingdom. This expansion signifies their commitment to serving clients on a global scale and adapting to regional needs effectively.
One particularly significant achievement is Beamery's exclusive partnership with Workday, becoming the only certified CRM partner for the platform. This status makes Beamery the preferred choice for Workday First organizations and any company utilizing Workday Recruit. The partnership strengthens its position in the market and offers clients a seamless and integrated talent management solution.
Beamery has also extended its partner ecosystem, providing customers with access to core complementary solutions. This move demonstrates Beamery's commitment to offering a flexible and innovative technology stack that can adapt to the changing requirements of businesses. This approach positions Beamery as a holistic talent management partner capable of addressing diverse needs effectively.
Beamery Cloud Platform (PaaS) and Infrastructure (IaaS) Details
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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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