Visier Strengths, Domain Expertise, and Key Differentiators
Visier is a cloud-based analytics application that delivers fast, clear people insight. Visier's key differentiators lie in its commitment to AI and ML, evident in the introduction of 'Vee' and their partnership with Yva.ai. Their extensive product portfolio covers a wide range of HR challenges, making them a holistic platform for organizations. The ability to deliver actionable insights positions them as a vital player in HR analytics. Furthermore, their global presence with headquarters in Vancouver and worldwide offices sets them apart in a data-driven world.
Visier Recent Developments
Visier has been consistently in the spotlight with its innovative offerings. The introduction of 'Vee,' a Generative AI-based digital assistant, demonstrates their commitment to integrating AI and natural language processing into HR solutions, providing users with a seamless experience. Additionally, Visier's expansion into benchmark data and tooling through Alpine, and their Smart Compensation solution, reflect their dedication to data-driven decision-making in HR, optimizing compensation planning and execution.
Launched in 2022, Visier's Workplace Dynamics provides a holistic view of employee collaboration and team dynamics, harnessing both active and passive feedback. By collecting data from collaboration tools like email, chat, and calendars, and complementing it with targeted weekly surveys, Workplace Dynamics equips organizations with unprecedented insights into individual and team productivity, performance, well-being, and burnout, revolutionizing the way businesses enhance employee engagement and success.
Visier NOW, launched in August 2021, continues to grow and expand, offering purpose-built solutions to address various business challenges. Furthermore, strategic partnerships and acquisitions, such as the one with UKG, Degreed, and Boostrs, have widened Visier's reach and capabilities.
In terms of funding, Visier raised $125M USD in a Series E financing round from Goldman Sachs in July 2021, attaining a valuation exceeding $1B USD. This investment marked a historic moment in the people analytics market.
Visier Mergers and acquisitions (M&A) Activities
Visier's acquisition of Boostrs, a skills mapping engine, significantly bolstered its capabilities, enabling comprehensive insights across the talent lifecycle. This strategic move aligns with the growing trend of data-driven decision-making in HR. The acquisition of Yva.ai in May 2022 further emphasizes Visier's commitment to AI and data-driven capabilities, solidifying its position in the HR Analytics tech landscape.
Visier Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Visier 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 Visier 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 Visier People, Visier Now, Visier Vee, Alpine by Visier, Visier SmarComp customers.
Visier Overview
Ownership: - Sorenson Capital, Foundation Capital, Summit Partners and Adams Street Partners
Number of Employees: 600
Functional Market: Workforce Analytics,
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, Oil and Gas, Chemicals, Professional Services, Retail, Transportation, Utilities,
Visier Key Cloud and HCM Applications
Visier People, Visier Now, Visier Vee, Alpine by Visier, Visier SmarComp
Visier 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.
Visier Revenue Breakdown by Type:
Visier 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 | |
Visier HCM Applications Revenues By Verticals, $M:
Visier 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 |
Visier Direct vs Indirect sales
| Region | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
Visier Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified Visier Customers
No. of Visier Customers: 42000
No. of Visier HCM Applications Customers: 42000
No. of Visier Cloud HCM Customers: 42000
No. of Visier Cloud HCM Subscribers: 20000000
Visier boasts a customer base of over 42,000 organizations across 75 countries. Their embedded business segment has witnessed substantial growth, reflecting the value they offer. Notably, Visier assists major brands in addressing critical HR challenges, including employee retention, workforce diversity, and business outcomes. Their client roster includes industry giants like BASF, Bridgestone, Electronic Arts, McKesson, and MerckKGaA, signifying their credibility in delivering effective HR solutions. What sets Visier apart is its global presence, with headquarters in Vancouver and a worldwide network of offices and team members. In a data-driven world, Visier's ability to provide actionable insights positions them as a vital player in the HR Analytics tech landscape.
Visier Market Opportunities, M&A and Geo Expansions
Visier's opportunities lie in the market's shift towards data-driven decision-making in HR, including compensation management. Their expansion into benchmark data and tooling and the acquisition of Boostrs and Yva.ai position them to capitalize on this trend. The potential for growth in new regions and the ability to address various HR challenges provide significant opportunities for Visier.
Visier Risks and Challenges
Visier faces internal and external risks. Meeting high expectations and scaling their offerings to cover the full spectrum of HCM analytics challenges are daunting tasks. Additionally, go-to-market challenges may arise as they continue to expand their product offerings.
Visier Ecosystem, Partners, Resellers and SI
Visier has established several crucial partnerships and collaborations:
Visier's most recent partnership is with Betterworks, a leading provider of modern performance management solutions. They aim to offer HR leaders valuable insights into employee success. Visier's analytical tools will be integrated into the Betterworks platform, known as "Betterworks Advanced Analytics."
In 2022, Visier expanded its reach by teaming up with TriNet Zenefits, significantly increasing their customer base.
In the same quarter , Visier partnered with iCIMS, a company specializing in talent management. They've launched "iCIMS Advanced Analytics," a talent intelligence solution using Visier's analytical capabilities.
Previously Visier has teamed up with Degreed, a platform focused on upskilling the workforce. This collaboration aims to provide insights into workforce skills and future skill requirements. Visier's analytics engine will be integrated into Degreed's learning platform.
Visier has become part of Ceridian's DSPP, allowing integration with Ceridian's Dayforce, a cloud-based HCM software platform.
Sales Channels: While Visier primarily sells its solutions directly to customers, they also engage in referral partnerships with firms like AON, Tata, Mercer, and others. They offer OEM solutions, directly embedding their analytics dashboard into platforms such as Insperity and Paycor.
In 2019, Visier joined Ceridian’s Dayforce Software Partner Program (DSPP). The new partnership gives Visier the ability to integrate with Dayforce, Ceridian’s modern cloud HCM software platform, making it easier for mutual customers to exchange data seamlessly.
Visier sells direct mostly, but also has Referral partnerships, through firms like AON, Tata, Mercer and more - OEM, directly embedding Visier's analytics dashboard into Insperity, Paycor, etc. This is the most significant change, as it opens up customers using Visier's technology from hundreds to thousands.
Visier Cloud Platform (PaaS) and Infrastructure (IaaS) Details
Subscribe to read more about:
- Visier Public Cloud and Infrastructure (IaaS)
- Visier Platform (PaaS)
- Visier Application Delivery
- Visier 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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