Plum Acknowledged as a Key HR Software Provider by APPS RUN THE WORLD in the HCM Top 500 Market Report

151 Charles St. W. Suite 100

Kitchener, ON, N2G 1H6, Canada

1 610-344-6622

https://www.plum.io/

428 Plum

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/Year20222023YoY 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.

Plum Revenue Breakdown by Type:

TypeLicenseServicesHardwareS&MSaaSPaaSIaaSOtherTotal
% of Total Revenues Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe 100%
Revenues, $M Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe

Plum Total and HCM Applications Revenues by Region:

Region% of Total Revenues2023 Total Revenues, $M2023 HCM Applications Revenues, $M
Americas Subscribe Subscribe Subscribe
EMEA Subscribe Subscribe Subscribe
APAC Subscribe Subscribe Subscribe
Total Subscribe Subscribe Subscribe

Plum Direct vs Indirect sales

RegionDirect SalesIndirect SalesTotal
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

Subscribe to read more about:

  • 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/About Us
https://www.appsruntheworld.com/taxonomy
https://www.appsruntheworld.com/FAQ



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