Brazen Technologies Strengths, Domain Expertise, and Key Differentiators
Brazen's Conversational Recruiting Platform is instrumental in enabling leading global brands to craft exceptional pre-application experiences. Offering enhanced engagement through features such as the recruiting chatbot, VideoBot, QuickChat, scheduled chat, SMS, candidate sourcing, and virtual career fairs, Brazen assists organizations in attracting top talent. Employers utilizing Brazen's platform experience a 40% increase in candidate conversion pre-application, with 10-20% of those candidates transitioning into hires—significantly surpassing the industry average of 5%. Additionally, the platform provides seamless integration of video interviewing and live video broadcasts directly from its virtual career fair platform.
Brazen's chatbot seamlessly integrates with websites, making installation on career sites or job requisition landing pages a straightforward process. Powered by Google's DialogFlow, this recruiting chatbot efficiently captures contact information, screens applicants, and facilitates connections with live recruiters. Specifically designed for the pre-application phase, Brazen's chatbot empowers human recruiters to handle conversations and relationships beyond this stage. With a distinct focus on involving humans early in the process, the chatbot streamlines operations by automating mundane tasks. Built to automate conversations, it grants recruiting teams control over the interaction.
Brazen Technologies Recent Developments
Pre-COVID-19, certain organizations employed virtual hiring tools, but the pandemic compelled a 100% adoption rate. Others were unfamiliar with such tools before COVID-19 began utilizing them to meet their hiring needs. In 2019, Brazen secured additional funding, bolstered strategic partnerships, introduced new features, and seamlessly integrated its platform with diverse technologies.
Brazen Technologies Mergers and acquisitions (M&A) Activities
In October 2023, Radancy acquired Brazen, marking a new chapter in Brazen's journey and advancing its mission from inception. Known for pioneering innovative capabilities facilitating seamless connections between individuals and employers for career advancement, Brazen, now part of the Radancy team, remains committed to delivering a comprehensive recruiting events management platform and top-tier service. The integration of their solutions with the Radancy Talent Acquisition Cloud aims to provide clients with a truly end-to-end customer and candidate experience.
Brazen Technologies Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Brazen Technologies 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 Brazen Technologies 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 Virtual Hiring Events, QuickChat & Virtual Concierge, Video Chat, Brazen Live Video Broadcasting customers.
Brazen Technologies Overview
Ownership: - x
Number of Employees: 110
Functional Market: Sourcing, Recruiting, Candidate Relationship Management,
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 Insurance, P&C Insurance, Specialty Insurance, Leisure and Recreation, Hospitality, Life Sciences, Manufacturing, Media, Youth and Elderly Care, Special Cause Nonprofit, Oil and Gas, Chemicals, Professional Services, Retail, Transportation, Utilities,
Brazen Technologies Key Cloud and HCM Applications
Virtual Hiring Events, QuickChat & Virtual Concierge, Video Chat, Brazen Live Video Broadcasting
Brazen Technologies 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.
Brazen Technologies Revenue Breakdown by Type:
Brazen Technologies 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 | |
Brazen Technologies HCM Applications Revenues By Verticals, $M:
Brazen Technologies 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 |
Brazen Technologies Direct vs Indirect sales
| Region | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
Brazen Technologies Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified Brazen Technologies Customers
No. of Brazen Technologies Customers: 200
No. of Brazen Technologies HCM Applications Customers: x
No. of Brazen Technologies Cloud HCM Customers: 200
No. of Brazen Technologies Cloud HCM Subscribers: x
Brazen collaborated with 14 distinct organizations, facilitating candidate interactions with over 200 employers, including notable entities such as Temple University, SSMHealth, Lincoln Financial Group, KPMG, CVS Health, Houston Methodist, Charles Schwab, UPS, and Starbucks.
Brazen Technologies Market Opportunities, M&A and Geo Expansions
In June 2020, Brazen launched several new video features to help recruiters host dynamic virtual recruiting events and connect with candidates face-to-face, from any distance. Chat-to-Video provides a seamless transition from a chat-based prescreening conversation to a full video interview, helping recruiters move candidates through the process more quickly. The second new feature is called Brazen Live Broadcast which is a webinar-style video presentation feature built right within the virtual event platform.
Brazen secured a cumulative funding of $13.4 million through nine funding rounds. Their most recent funding, a Series C round, was completed on September 30, 2019. CEO Edward Barrientos expressed confidence in the company's financial standing, stating, "What we see in 2020 is just tons of options for us. We have enough funding to never need funding again." Barrientos also mentioned the possibility of a more substantial expansion round, ranging between $10 million and $20 million, within the next 12 to 18 months in a recent interview.
Brazen Technologies Risks and Challenges
Brazen must persist in establishing future integrations, mirroring its efforts in 2019. Given the highly fragmented Customer Relationship Management (CRM) and Applicant Tracking System (ATS) market, it remains crucial for Brazen to discover means of seamlessly transferring data between its platform and others. This ensures employers gain a comprehensive 360-degree view of their candidates.
Brazen Technologies Ecosystem, Partners, Resellers and SI
Apart from introducing three new integrations in 2019 with iCIMS, Smashfly, and Talemetry, Brazen also established strategic partnerships with Talroo, Stories Inc., and Recruit Rooster.
Brazen Technologies Cloud Platform (PaaS) and Infrastructure (IaaS) Details
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- Brazen Technologies Public Cloud and Infrastructure (IaaS)
- Brazen Technologies Platform (PaaS)
- Brazen Technologies Application Delivery
- Brazen Technologies 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
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