Grovo Experiences Record Growth as Organizations Seek to Transform Workplace Learning

 
The good word about Grovo
 

 

Company reports 3x ARR growth over 18 months as Grovo platform achieves 17 million learning moments

Wednesday, December 7, 2016 - NEW YORK - Grovo, an innovator in workplace learning, proudly announces that the company has achieved significant growth and momentum in the core business areas of customer acquisition and retention, revenue growth, and continued product innovation through industry leadership. As platforms such as Snapchat, Instagram, Facebook, etc., redefine how people consume and interact with information, Grovo continues to provide learning & development professionals with cutting-edge microlearning technology, content, and strategy that captures learner attention and impacts performance.

“Since Grovo’s inception, driving innovation in the way people learn has been core to our DNA,” said Jeff Fernandez, Cofounder and CEO, Grovo. “As the pioneer in microlearning, we’ve continued to push the industry forward with new media, intuitive technology and a continually-evolving method that is designed to make learning stick. Our growth signifies that Grovo’s mission to transform workplace learning is resonating with organizations, and we’re excited to continue to deliver millions of ‘aha’ moments that create meaningful change within their people.”

Achievements in Sales, Revenue, and Customer Acquisition
Grovo has achieved 3x ARR growth over the past 18 months. As a result, the Grovo platform has reached 17 million learning moments since its inception, with more lessons delivered in the past year alone than in the previous five years combined. With this momentum, the company has further strengthened its customer base, including significant growth in hospitality and advertising/media verticals. Notable new customers include:

  • InterContinental Hotel Group
  • Time Warner/Spectrum Reach
  • Madison Square Garden
  • FCB Global
  • VaynerMedia

"With Grovo, the impact on engagement is amazing. Our training managers are excited to create their own courses depending on their goals, and learners are excited about the bite-sized microlearning —they’re more apt to go through it,” said Chris Zoloth, Director Customer Experience Optimization, IHG. “We see people making time to learn. It’s changed the way we think about getting our people trained.”

New Executive Talent Supports Innovation and Growth 
Grovo is thrilled to announce that Maksim Ovsyannikov has joined Grovo as Vice President of Product, a newly-created role, to create transformational products that accelerate the company’s trajectory. Maksim has more than 17 years of product leadership experience building breakthrough products and talented teams at world-class enterprise technology companies, including Totango, Salesforce, Zendesk, and Saba. Maksim will be leading Grovo's product, design, and content strategy into the future.

"The market for enterprise learning software is undergoing a radical shift, and thanks to its continuous focus on innovation, Grovo is positioned to revolutionize the role technology plays in talent development,” said Maksim Ovsyannikov, VP of Product, Grovo. “I am delighted to join Grovo at such a pivotal point in its journey and build simple, powerful learning technology that gives every company the ability to transform its people and its business.”

Industry Recognition
Grovo has been recognized across the industry with more than a dozen awards in 2016 for both its workplace and business practices, including:

  • Named #2 on Fortune’s Best Medium Workplaces list
  • Received Stevie Award for Front-Line Customer Service Team of the Year
  • Recognized by HR.com as a LEAD2016 Leadership Execellence Award Winner

Looking Ahead 
Grovo has announced plans to expand to the West Coast in 2017 with an office slated to open in San Francisco.

For more information, please visit: www.grovo.com.

About Grovo
Grovo is reimagining learning for the enterprise. The workplace learning company combines beautiful technology, engaging content, and hands-on advisory support to deliver a better way to learn at work. The heart of Grovo’s approach is microlearning -- bite-sized video lessons, exercises and real-world practice delivered in the right way, at the right time. Founded in 2010, Grovo has delivered more than 17 million learning moments at world-class organizations like Chevron, Capital One, WeWork, The Ritz-Carlton Company, and DDB. Its own culture of learning has earned the company recognition as a "Best Place to Work" by Fortune Magazine, Entrepreneur Magazine, Crain’s, and Internet Week. Headquartered in NYC, Grovo has raised venture financing from some of the world’s best investors, including Accel Partners. Learn more at www.grovo.com.