Plum Strengths, Domain Expertise, and Key Differentiators
Plum achieved a remarkable 100 percent year-over-year revenue growth in 2022, capitalizing on the increased corporate investment in HR technology aimed at safeguarding their operations in the face of labor shortages and a competitive job market.
Established in 2012, Plum provides talent assessment software meticulously crafted to assist organizations in the recruitment, development, and retention of their workforce. Leveraging psychometric data and artificial intelligence (AI), the startup's platform empowers companies to align individuals with suitable roles, measure job compatibility, enhance hiring quality, uncover potential, deliver tailored career guidance, and fortify their teams.
Plum Recent Developments
In support of the company’s expansion, Plum made several organizational updates in 2022, changing its pricing model, revamping marketing activities, aligning with new industry partners, and adding team members to sales and customer experience.
Plum Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Plum 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 Plum 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 Plum Platform customers.
Plum Overview
Ownership: - Pearson Ventures, JFF Ventures, Strada Education Network, Export Development Canada (EDC), Real Ventures, BDC Capital’s Women in Technology Venture Fund, Boston-based EduLab Capital Partners, Chicago’s Impact Engine
Number of Employees: 60
Functional Market: Onboarding, Recruiting, Performance Management, Learning and Development, Succession Planning,
Key Verticals: Automotive, Banking and Financial Services, Communications, Construction, Real Estate, Consumer Packaged Goods, Distribution, K12, Higher Education, Healthcare, Life Insurance, P&C Insurance, Specialty Insurance, Leisure and Recreation, Hospitality, Life Sciences, Manufacturing, Media, Faith-Based Nonprofit, Youth and Elderly Care, Special Cause Nonprofit, Oil and Gas, Chemicals, Professional Services, Retail, Transportation, Utilities,
Plum Key Cloud and HCM Applications
Plum Platform
Plum 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.
Plum Revenue Breakdown by Type:
Plum 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 | |
Plum HCM Applications Revenues By Verticals, $M:
Plum 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 |
Plum Direct vs Indirect sales
Region | Direct Sales | Indirect Sales | Total |
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Type % | Subscribe | Subscribe | Subscribe |
Revenues, $M | Subscribe | Subscribe | Subscribe |
Plum Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified Plum Customers
No. of Plum Customers: 110
No. of Plum HCM Applications Customers: 110
No. of Plum Cloud HCM Customers: x
No. of Plum Cloud HCM Subscribers: x
Companies turning to Plum to power their talent acquisition and talent management strategies include BMO, Hatch, Syneos, and Schlesinger Group. Additionally, Plum has garnered a clientele that encompasses major names such as Scotiabank, Citibank, and Whirlpool.
Plum Market Opportunities, M&A and Geo Expansions
In 2023, Plum has secured more than $6 million USD in growth funding, with the aim of assisting large enterprises in optimizing personnel placement. This latest funding round elevates Plum's total funding to $14.5 million USD. Plum intends to allocate a portion of its fresh capital toward product development, with the majority of the funds directed toward sales and marketing efforts. This strategic move aligns with the startup's goal of expanding its customer base among enterprises throughout North America.
Plum Risks and Challenges
Potential risk associated with Plum is the reliance on the accuracy and effectiveness of its psychometric assessments. If these assessments and algorithms produce inaccurate or biased results, it could lead to poor hiring decisions, reduced employee satisfaction, and potential legal challenges.
Plum Ecosystem, Partners, Resellers and SI
Plum has pre-built integrations into SAP SuccessFactors and Greenhouse, but with an open API, Plum can integrate with any platform. Plum's vast partner network includes companies like AMS, Humanly, HireEZ, WilsonHCG, Shaker, and many more.
Plum Cloud Platform (PaaS) and Infrastructure (IaaS) Details
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- Plum Public Cloud and Infrastructure (IaaS)
- Plum Platform (PaaS)
- Plum Application Delivery
- Plum 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