Gloat Strengths, Domain Expertise, and Key Differentiators
Gloat is an Internal Talent Marketplace that enables enterprises to harness the hidden potential of talent throughout the organization by matching people's skills and aspirations to internal career opportunities that are right for them and provides mission-critical organizational agility, visibility, and insights. The urgent need to respond to change amidst the Covid pandemic was an accelerant for many organizations to embrace a more agile operating model with the Talent Marketplace. Gloat’s customer base grew 4x, the ARR grew 5x, employee count tripled, and Gloat’s user base expanded to more than 120 countries.
Gloat's strengths lie in its innovative AI and ML features that power the Talent Marketplace. By matching employees' skills and aspirations to internal career opportunities, Gloat ensures organizational agility, visibility, and insights. This approach helps organizations tap into their hidden talent potential, ultimately fostering personal development and growth.
Gloat Recent Developments
Gloat's recent announcement of "My Team" and "Skills Landscape" marks a significant milestone in redefining talent management. My Team allows real-time feedback for employees, putting an end to traditional annual performance reviews, while Skills Landscape provides skill-based guidance, aligning employee growth with the organization's needs. These innovations are set to revolutionize the way companies nurture and manage talent.
Gloat's strategic hirings are indicative of the company's commitment to innovation and excellence. The recruitment of Jeff Schwartz, the founding partner of Deloitte's Future of Work Practice, as VP of Insights and Impact, showcases Gloat's dedication to driving growth through industry expertise. Additionally, the appointment of Aaron Au, the Co-Founder & Former CTO of SAP SuccessFactors, as Chief Strategy Officer, brings extensive HCM industry knowledge to the team.
Gloat Mergers and acquisitions (M&A) Activities
In terms of financial performance, Gloat's rapid growth is evident. In June 2021, they secured a $57 million Series C funding round, followed by a substantial $90 million Series D round in June 2022, led by Generation Investment Management and featuring participation from renowned investors like Accel, Eight Roads Ventures, Intel Capital, and Lumir Ventures. These substantial investments position Gloat as a formidable force in the AI-driven workforce agility space.
Gloat Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Gloat 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 Gloat 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 Gloat InnerMobility, The Talent Marketplace platform, customers.
Gloat Overview
Ownership: - x
Number of Employees: 277
Functional Market: Onboarding, Recruiting, Succession Planning,
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, Special Cause Nonprofit, Oil and Gas, Chemicals, Professional Services, Retail, Transportation, Utilities,
Gloat Key Cloud and HCM Applications
Gloat InnerMobility, The Talent Marketplace platform,
Gloat 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.
Gloat Revenue Breakdown by Type:
Gloat 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 | |
Gloat HCM Applications Revenues By Verticals, $M:
Gloat 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 |
Gloat Direct vs Indirect sales
| Region | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
Gloat Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified Gloat Customers
No. of Gloat Customers: 2400
No. of Gloat HCM Applications Customers: 2400
No. of Gloat Cloud HCM Customers: 2400
No. of Gloat Cloud HCM Subscribers: 1100000
Leading global enterprises like Unilever, Schneider Electric, Seagate, Nestlé, Novartis, MetLife, HSBC, Standard Chartered Bank, and ABInBev have embraced Gloat's platform. Their rapid growth is indicative of the value that Gloat brings to diverse industries and regions.
Gloat Market Opportunities, M&A and Geo Expansions
The adoption of Gloat's Talent Marketplace became an imperative for many organizations in response to the Covid-19 pandemic. As the world continues to change rapidly, there is a growing opportunity for Gloat to expand its footprint both horizontally and vertically. The integration of Cloud, IoT, AI, and ML technologies in workforce agility solutions will be vital in addressing the evolving needs of organizations.
Gloat Risks and Challenges
One potential risk Gloat faces is that its Internal Talent Marketplace is primarily built for larger companies. Convincing large enterprises to make significant structural changes may pose a challenge. However, as Gloat's technology matures and demonstrates its value, it can potentially mitigate this risk.
Gloat Ecosystem, Partners, Resellers and SI
Gloat's Anything Workforce Ecosystem is a significant step towards enabling complete workforce agility for enterprises. Partnering with companies like Visier, Workhuman, Beamery, and Deloitte broadens Gloat's reach across HR technology and consulting, enhancing its offering. This ecosystem approach creates network effects, making it easier for organizations to adapt to changing workforce dynamics.
Gloat Cloud Platform (PaaS) and Infrastructure (IaaS) Details
Subscribe to read more about:
- Gloat Public Cloud and Infrastructure (IaaS)
- Gloat Platform (PaaS)
- Gloat Application Delivery
- Gloat 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
