Reflektive Strengths, Domain Expertise, and Key Differentiators
Reflektive is a real-time performance management company that empowers HR leaders, managers and employees for more agile roles to drive individual and team performance. Real-Time Feedback and Requests, Goal Management, Performance Reviews, and Check-Ins applications in the cloud simplify ongoing performance improvement, giving people more control to achieve goals and advance in their careers.
For HR teams, these tools reduce their administrative burden allowing them to take a more strategic role in the organization. Rather than spending most of their time collecting performance feedback, following-up on goal progress and performance reviews, and other administrative tasks, HR leaders can instead focus on leveraging the platform to make strategic decisions that help their organizations achieve business goals.
Reflektive Recent Developments
In January 2019, Reflektive expanded its platform into a people management suite, integrating its Performance and Intelligence solutions with a new Engagement product as a single, cohesive ecosystem.Reflektive is a leader in providing innovative, real-time performance management solutions for HR leaders and their agile organizations. Reflektive’s new Engagement product allows companies to measure employee engagement with company-wide surveys and targeted polls using pre-built survey templates. The Engagement product helps HR leaders instantly identify key drivers and detractors of engagement and track trends across the company and throughout the employee lifecycle.
Reflektive Mergers and acquisitions (M&A) Activities
In January 2021, Learning Technologies Group plc acquired Reflektive for 14 million dollars. Learning Technologies Group is a workplace learning and talent industry. The Group offers end-to-end learning and talent management solutions ranging from strategic consultancy, through a range of content and platform solutions to analytical insights that enable corporate and government clients to close the gap between current and future workforce capability. Reflektive will join the company’s PeopleFluent business, integrating its solution with the existing PeopleFluent talent management portfolio and bringing over 450 new corporate customers.
In June 2018, Reflektive acquired Shape Analytics, real-time intelligence and predictive analytics solution for workforce data. Reflektive will embed the new capability into its platform as Reflektive Analytics, bringing simple, drag-and-drop, customizable people analytics to every employee.
Reflektive Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Reflektive 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 Reflektive 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 Reflektive People Management Suite customers.
Ownership: - Learning Technologies Group plc
Number of Employees: 250
Functional Market: Performance and Goal Management,
Key Verticals: Aerospace and Defense, Automotive, Banking and Financial Services, Communications, Construction and Real Estate, Consumer Packaged Goods, Distribution, Education, Government, Healthcare, Insurance, Leisure and Hospitality, Life Sciences, Manufacturing, Media, Non Profit, Oil, Gas and Chemicals, Professional Services, Retail, Transportation, Utilites,
Reflektive Key Cloud and HCM Applications
Reflektive People Management Suite
Reflektive HCM and Cloud HCM Applications Revenues, $M:
|Type/Year||2019||2020||YoY Growth, %|
|Total Revenues, $M||Subscribe||Subscribe||Subscribe|
|HCM Applications Revenues, $M||Subscribe||Subscribe||Subscribe|
|Cloud 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.
Reflektive Revenue Breakdown by Type:
|Type||License||Prof. Services||Hardware||Support & Maintenance||SaaS||PaaS||IaaS||Other (Non Enterprise Application Revenues)||Total|
|% of Total Revenues||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||100%|
Reflektive HCM Applications Revenues By Sub-Functional Markets, $M:
Split by Sub-Functional Markets
2020 HCM Revenues, By Sub-Functional Markets, $M
Reflektive HCM Applications Revenues By Verticals, $M:
Reflektive Total and HCM Applications Revenues by Region:
|Region||% of Total Revenues||2020 Total Revenues, $M||2020 HCM Applications Revenues, $M|
Reflektive Direct vs Indirect sales
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Reflektive Customers - Breakdown by Geo, Size, Vertical and Product
No. of Reflektive Customers: 500
No. of Reflektive HCM Applications Customers: 500
No. of Reflektive Cloud HCM Customers: 500
No. of Reflektive Cloud HCM Subscribers: x
More than 500 customers worldwide including Comcast, Allbirds, PagerDuty, MEC Global, Pinterest, Privia Health, Instacart, TED, Dollar Shave Club, Protective Life, and Nutanix — trust Reflektive to modernize people and performance management.
Reflektive Market Opportunities, M&A and Geo Expansions
In Februaty 2018, Reflektive has raised $60 million in Series C funding. The round was led by TPG Growth, the global middle market and growth equity platform of alternative asset firm TPG. Existing investors Andreessen Horowitz and Lightspeed Venture Partners also participated in the round.
In January 2017, Reflektive raised $25 million in Series B with Lightspeed Venture Partners and Andreessen Horowitz. The same year, Reflektive raised $60 million in Series C funding. The round was led by TPG Growth. Reflektive's business grew 8,240 percent from 2014 to 2017 as companies increasingly use its platform to create a culture of feedback, based on percentage fiscal year revenue growth from 2014 to 2017. In 2015, Reflektive raised $3.6 million in seed funding led by Andreessen Horowitz, followed by a $13 million Series A led by Lightspeed Venture Partners.
Reflektive Risks and Challenges
The move toward continuous feedback and lightweight performance check-in processes requires teams to utilize micro-services that enable project management and team collaboration in real-time. Many organizations are moving to this model with change management and systems integration.
Reflektive Ecosystem, Partners, Resellers and SI
Reflektive has launched its new partner program, with NeuroLeadership Institute (NLI) among its inaugural partners. The partner program is designed to boost customer value and ROI via a combination of best-in-breed HR Tech and people management best practices. NLI is known as a research firm that deploys scientific insights for smarter methodologies and frameworks, helping companies fine-tune performance. Partners helping to expand, align, or enhance Reflektive's focus on performance management will carry a well-curated selection of solution developers in 3 key areas - namely, Tech Platforms, Strategic Consulting, and Services.
Reflektive has its own offices in Bangalore and San Francisco.
Reflektive Cloud Platform (PaaS) and Infrastructure (IaaS) Details
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- Reflektive Public Cloud and Infrastructure (IaaS)
- Reflektive Platform (PaaS)
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- Reflektive Private Cloud and Data Centers
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).
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