HiBob Strengths, Domain Expertise, and Key Differentiators
Bob is dedicated to revolutionizing the way organizations function in today's dynamic work environment through its HR platform. Pioneering the future of the workplace, Bob provides robust and agile technology that consolidates the intricacies of HR processes into an innovative and user-friendly tool, reaching every employee throughout the entire business.
HiBob Recent Developments
In March 2023, Sarah Reynolds joined the HR tech disruptor with the aim of expanding mid-market business through compelling storytelling and excellence in go-to-market strategies. Sarah brings a proven track record of delivering transformative results. Before joining HiBob, she served as the Chief Marketing Officer at Udacity, overseeing global brand management, marketing, and communications across the company's consumer, enterprise, and government go-to-market initiatives.
In April 2022 HiBob unveiled its 1-on-1 meeting feature, a manager empowerment tool that allows modern, mid-sized, multinational companies to consolidate manager-employee meetings into their Bob HR tech platform. In an age where employee experience is more important than ever, the Bob HR tech platform helps companies foster more meaningful relationships and keep employees satisfied. Through this new feature, teams can keep an open line of communication for a stronger culture based on transparency, openness, and collaboration. The new 1-on-1 feature contains five out-of-the-box meeting templates for onboarding, goal setting, performance review, career growth, and regular check-ins. Other templates can be created and customized or talking points can be added manually to a meeting. This new functionality not only helps employees meet company and career goals but also creates stronger working relationships in a time when communication is key in remote or hybrid workplaces.
HiBob Mergers and acquisitions (M&A) Activities
In September 2022, the HR management platform HiBob successfully completed the acquisition of Bugle, a Portuguese company established in 2014. Bugle, consisting of approximately 20 skilled professionals, has become an integral part of HiBob's team, forming the core of its engineering-focused operation based in Lisbon. This strategic move is anticipated to generate 70 new job opportunities for technology professionals in the region over time. The overall investment for the acquisition and the establishment of the new Research and Development (R&D) center is estimated at approximately $30 million. This expansion into Western Europe aligns with HiBob's recent establishment of a Berlin office to cater to the DACH region. Entrepreneur and economist João Ferro Rodrigues, the founder and former leader of Bugle, assumes the role of Managing Director, overseeing operations in this new phase of HiBob's growth.
HiBob Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying HiBob 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 HiBob 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 HiBob Compensation, HiBob HR, HiBob Onboarding, HiBob Payroll, HiBob People Analytics, HiBob Performance, HiBob Surveys,HiBob Time and Attendance, HiBob Time Off, HiBob Workforce Planning, customers.
HiBob Overview
Ownership: - x
Number of Employees: 1000
Functional Market: Absence and Leave Management, Workforce Analytics, Time and Attendance, Core HR, Payroll, Onboarding, Performance Management, Compensation,
Key Verticals: Banking and Financial Services, Communications, Construction, Real Estate, Consumer Packaged Goods, Distribution, Healthcare, Life Sciences, Manufacturing, Media, Professional Services, Retail,
HiBob Key Cloud and HCM Applications
HiBob Compensation, HiBob HR, HiBob Onboarding, HiBob Payroll, HiBob People Analytics, HiBob Performance, HiBob Surveys,HiBob Time and Attendance, HiBob Time Off, HiBob Workforce Planning,
HiBob 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.
HiBob Revenue Breakdown by Type:
HiBob 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 | |
HiBob HCM Applications Revenues By Verticals, $M:
HiBob 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 |
HiBob Direct vs Indirect sales
| Region | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
HiBob Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified HiBob Customers
No. of HiBob Customers: 3500
No. of HiBob HCM Applications Customers: 3500
No. of HiBob Cloud HCM Customers: 3500
No. of HiBob Cloud HCM Subscribers: x
In October 2021, during the Series C funding round, HiBob was a company comprising 300 employees and slightly over 1,500 customers. Fast forward to 2023, just under a year later, and HiBob has experienced remarkable growth, boasting a workforce of 1,000 employees and a customer base exceeding 3,500. The company has strategically inaugurated an office in Berlin to cater to the DACH region, effectively expanded into additional office spaces in both London and New York. Looking ahead, HiBob has ambitious plans to further extend its presence in the United States and Europe before the year concludes.
HiBob boasts an impressive clientele that includes renowned names such as VaynerMedia, Elation Health, Auror, Vita Mojo, BigID, Logz.io, Skroutz, DefinedCrowd, SmartRecruiters, AlgoSec, Kustomer, Nuvei, Fiverr, Uala, and numerous other esteemed companies.
HiBob Market Opportunities, M&A and Geo Expansions
In September 2023, HiBob successfully secured $150 million in a funding round led by Farallon Capital, with participation from Alpha Wave Global and existing investors. In the ever-evolving landscape of work, companies are increasingly in need of strategic adaptability to address evolving organizational needs. Business leaders confront a dynamic array of challenges, including managing global teams, navigating remote and hybrid work structures, and enhancing talent retention. This necessitates the adoption of a new HR technology stack that empowers organizational flexibility and agility, paving the way for sustainable growth.
HiBob Risks and Challenges
Aligning corporate strategy and goals across diverse global offices presents a complex challenge.
HiBob Ecosystem, Partners, Resellers and SI
In May 2022, HiBob entered into a strategic partnership with Deputy, a workforce management and shift scheduling platform. The collaboration involves integrating the two HR software platforms to enhance efficiency for companies and their employees. This integration aims to reduce time spent on duplicative manual data entry for HR managers and team leaders. Both tools are focused on simplifying employee administration and fostering a more collaborative work environment.
In June 2021, HiBob, the company behind the HCM platform "bob," acquired Cassiopeia, a startup specializing in AI-based workplace relationship analytics. This strategic move enhances HiBob's analytics capabilities, particularly for hybrid and remote work models. The integrated technology aims to identify and analyze communication patterns in distributed teams, providing actionable insights for improved collaboration. This acquisition aligns with HiBob's commitment to offer innovative tools and solutions, supporting diverse work modules and ensuring a positive employee experience in the modern workplace as the company expands its U.S. presence.
HiBob Cloud Platform (PaaS) and Infrastructure (IaaS) Details
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- HiBob Public Cloud and Infrastructure (IaaS)
- HiBob Platform (PaaS)
- HiBob Application Delivery
- HiBob 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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