Explorance Strengths, Domain Expertise, and Key Differentiators
Explorance stands out with deep expertise in feedback analysis, particularly in higher education and human resources. Their innovative solutions like Blue and MLY leverage artificial intelligence for fast and in-depth analysis of both quantitative and qualitative data. The platforms are adaptable, easily integrated with existing systems, and support strategies for continuous learning and organizational growth.
Explorance Recent Developments
In 2024, Explorance enhanced its product portfolio with improved feedback analytics capabilities through the Blue platform and AI-powered MLY 3.0. These solutions enable faster, deeper analysis of both qualitative and quantitative data, with integrated insights into learning impact and engagement. Successful use cases—such as OpusVi’s nurse rotation program and the University of Newcastle’s comment analysis—demonstrate real-world outcomes like increased staff retention and drastically reduced analysis time.
In 2024, Explorance appointed Zelbrey Bedard as Chief Product Officer, bringing over 17 years of experience in developing product strategies with global impact.
Explorance Mergers and acquisitions (M&A) Activities
In 2024, Explorance enhanced its product portfolio with improved feedback analytics capabilities through the Blue platform and AI-powered MLY 3.0. These solutions enable faster, deeper analysis of both qualitative and quantitative data, with integrated insights into learning impact and engagement. Successful use cases—such as OpusVi’s nurse rotation program and the University of Newcastle’s comment analysis—demonstrate real-world outcomes like increased staff retention and drastically reduced analysis time.
In 2024, Explorance appointed Zelbrey Bedard as Chief Product Officer, bringing over 17 years of experience in developing product strategies with global impact.
Explorance Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Explorance 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 Explorance 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 Blue, Bluepulse, Bluex, Metrics That Matter, MLY, customers.
Explorance Overview
Ownership: - x
Number of Employees: 300
Functional Market: Performance Management, Learning and Development,
Key Verticals: Banking and Financial Services, Communication, CPG, Distribution, Education, Healthcare, Insurance, Life Sciences, Manufacturing, Media, Non Profit, Oil Gas Chemicals, Professional Services, Retail,
Explorance Key Cloud and HCM Applications
Blue, Bluepulse, Bluex, Metrics That Matter, MLY,
Explorance HCM and Cloud HCM Applications Revenues, $M:
| Type/Year | 2023 | 2024 | 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.
Explorance Revenue Breakdown by Type:
Explorance HCM Applications Revenues By Sub-Functional Markets, $M:
Split by Sub-Functional Markets | % of HCM Revenue in the HR Segment | 2024 HCM Revenues, By HR Segment, $M | |
Explorance HCM Applications Revenues By Verticals, $M:
Explorance Total and HCM Applications Revenues by Region:
| Region | % of Total Revenues | 2024 Total Revenues, $M | 2024 HCM Applications Revenues, $M |
|---|---|---|---|
| Americas | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe |
Explorance Direct vs Indirect sales
| Type | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
Explorance Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified Explorance Customers
No. of Explorance Customers: 1000
No. of Explorance HCM Applications Customers: x
No. of Explorance Cloud HCM Customers: x
No. of Explorance Cloud HCM Subscribers: 9 million
As of 2024, Explorance Inc. has a significant global presence, with over 1,000 clients in more than 50 countries. The company works with 25% of Fortune 100 companies and 30% of the top higher education institutions, including 8 of the top 10 business schools in the world. Notable clients include the University of Pennsylvania, the University of Toronto, the National University of Singapore, the University of Manchester, NASA, Microsoft, and Kraft Heinz. Explorance has business units in Montreal, Chicago, Chennai, Melbourne, Amman, and London, confirming its global reach. The company continues to expand its client base, with new partnerships including the University of Akron, Eastern Central University, and the Oceanic Medical University.
Explorance Market Opportunities, M&A and Geo Expansions
In the last year, Explorance has experienced a twofold increase in its European client base. The establishment of new offices in Europe reflects Explorance's commitment to fostering enhanced partnerships with its expanding European clientele.
Explorance Risks and Challenges
Establishing a robust brand presence across EMEA and other global regions may require a considerable amount of time.
Explorance Ecosystem, Partners, Resellers and SI
On January 24, 2024, Explorance and Cornerstone announced a strategic partnership aimed at helping organizations increase employee engagement and improve business performance. This collaboration combines advanced feedback analytics and training effectiveness measurement solutions to create an integrated talent and learning management system.
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
