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Optimizely Announces Series D Funding Led by Goldman Sachs, Catapulting Digital Experience Optimization Into the Mainstream

Optimizely secures $50 million from Goldman Sachs and Accenture Ventures, bolstered by additional $55 million financing from Bridge Bank

Optimizely, the world’s leader in digital experience optimization, announced it has closed US$105 million in financing, including US$50 million in Series D funding. The funding, led by Goldman Sachs Private Capital Investing, also included Accenture Ventures. This brings the company’s total funding to US$200 million. Additionally, Michael Kondoleon of Goldman Sachs will join Optimizely’s Board of Directors as a Board Member.

Digital Experience Optimization Hits the Mainstream

Industry-leading organizations are embracing digital experience optimization as more than a quarter of the Fortune 100 have chosen Optimizely’s experimentation and personalization platform. The category has exploded, and Optimizely customers like Gap, Visa, StubHub, as well as digital leaders like Metromile, Lending Club, and Sonos, are making experimentation a mainstream business best practice.

In the last two years, Optimizely’s customers have tripled their investments in digital experience optimization with the company’s highly scalable infrastructure now handling over 6 billion events a day. Optimizely has consistently deployed breakthrough products and the company’s machine learning capabilities have been shown to double website visitor conversion rates. Recent platform additions also ensure that Optimizely serves the needs of the developer community through feature management, feature flagging, and testing in production to ensure organizations can safely launch a new product, feature, or experience.

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“Optimizely is recognized as a leader in the experimentation space and the solution of choice for numerous global brands. We’re pleased to have Accenture onboard as a co-investor in the Series D. We see a substantial market opportunity ahead for Optimizely, and we are excited to help fuel their continued growth,” said Michael Kondoleon, vice president at Goldman Sachs Private Capital Investing.

Optimizely also extended its line of credit with Bridge Bank in this latest investment round. Combined with the additional funding from Goldman Sachs and Accenture Ventures, this investment signals a tipping point for the category of digital experience optimization, with Optimizely the clear innovator and category leader.

“Bridge Bank is proud to continue working with Optimizely, a global leader at the forefront of the digital experience optimization market,” said Mike Lederman, senior vice president and western region director of Bridge Bank’s technology banking group. “Optimizely is on a path of substantial growth and the additional capital will help them continue to build market-leading products that are used by an increasing number of top global brands.”

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Accenture Interactive Doubles Down on Experience Optimization Offering with Strategic Investment in Optimizely

Accenture Interactive and Optimizely have been teaming together since 2013 to help some of the leading brands transform customer experiences to drive superior business outcomes. “Today’s business leaders are aware of the importance of experience but nevertheless struggle to continuously optimize and personalize their channels consistent with their customers’ expectations,” said Matty Wishnow, managing director of experience design & optimization at Accenture Interactive. “We know well that experimentation is the quickest, most confident path to better user experiences and returns on investment. Optimizely has a platform that truly transforms how experiences work for both the business and the customer.”

With this new investment, Accenture Interactive and Optimizely will work more closely together to deliver high-value services along with Optimizely’s best in class software platform.

“We’re thrilled to have the backing of one of the most respected financial institutions in the world. Goldman Sachs’ investment in Optimizely is a clear indication that the digital experience optimization market is growing rapidly and that Optimizely is the leader in this space,” said Jay Larson, CEO of Optimizely. “As more business is done online, companies understand that optimizing the digital experiences they deliver to their customers is the difference between winning and losing in their respective markets. Building experimentation into your company culture requires the best platform and the best services. The combination of Optimizely and Accenture can deliver game-changing value to companies that are serious about winning in today’s digital economy.”

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Vidyard Releases 2019 Video in Business Benchmark Report; Uncovers Latest Trends on Video Creation, Publishing, Engagement and Analytics Across B2B Markets

Findings show that businesses are producing more videos than ever, average video length is down 33% while average viewer retention rate is up 13%, and more businesses are augmenting their video strategies with in-house content creation and advanced video analytics

Vidyard, the leading video platform for businesses, has released its third annual Video in Business Benchmark Report revealing the latest trends and benchmarks in video content creation, publishing, viewer engagement, and analytics by business-to-business (B2B) organizations. By analyzing first-party data from more than 324,000 videos published over a 12-month period, Vidyard uncovers vital insights on how businesses are using online video content to support their marketing, sales and customer experience programs.

Findings from the new report show that the average length of videos is trending shorter and shorter while audiences are opting to engage in videos longer. Organizations in high-tech, professional services and media, entertainment and communications are most prolific with video while businesses with more than 5,000 employees and less than 200 employees lead the way in video publishing. The most recent year also showed a sizeable increase in the number of companies moving toward using a mix of internal and external video production resources to meet the shifting expectations of buyers, and the number of companies using intermediate or advanced video analytics has significantly increased.

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TL;DR– Your Key Takeaways from the 2019 Video in Business Benchmark Report

  • Average business video length is trending shorter year-over-year: In 2018, the average length was 4.07 minutes long, 33% shorter than 2017’s 6.07 minutes.
  • Business audiences are staying tuned longer: 52% of viewers watched all the way through to the end of the video across all viewing sessions. This is up from 46% who would do the same in 2017. 68% of viewers watch a video to the end if it’s less than 60 seconds.
  • Mid-week is the most popular time for business video views, with Thursday seeing the most views overall. Viewing peaks in the morning, regardless of the day of the week, typically between 9 and 11 a.m. PST (12 to 2 p.m. EST).
  • Desktop viewing still dominant for business video engagement: The majority of video views still take place on desktop (87%), but mobile views continue to increase. This year, 13% of business video views happened on mobile, a small increase from the previous year’s 11%.
  • Smaller companies accelerate video content creation: Businesses with 31-200 employees published a staggering 510 new videos on average in 2018, second only to large businesses with more than 5,000 employees. More small and medium-sized companies reported using both internal and external video production resources to help them scale video creation while also producing higher quality content. 52% are using both vs. 37% in 2017.
  • Video analytics see increased adoption in business: In 2018, 85% of companies reported using some form of video analytics. The use of intermediate or advanced video analytics has increased significantly, by 19% over the previous year.

According to The Forrester Tech Tide: Video Technologies For Customer And Employee Experience, Q1 2019, companies use video to engage their employees, serve their customers, and entice their prospects. Video conveys emotions and information, unlike any other medium. The report goes on to note that financial services companies cut support time with video and that enterprises enable faster and more effective collaboration with video. More than just an entertainment medium, video powers a business’ ability to inspire, collaborate and communicate.

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Video Creation and Publishing: Your Size Doesn’t Matter

Many industries are relying on video content to power marketing, sales, communications, and support. On average, the report found that the high tech, professional services, and media, entertainment and communications industries created more videos than other fields. Types of videos range from promotional content to educational videos to content for sales enablement.

Unsurprisingly, companies with more employees produce more videos on average. The largest enterprises (5,000 employees or greater) created an average of 538 videos throughout the year. However, these organizations are closely followed by the opposite finding: smaller businesses with between 31 and 200 employees who produced an average of 510 videos, suggesting that they’re taking a scrappier approach to their video production strategy, and see video as an important way to compete with larger businesses.

Resourcing Your Team: Production of Video Content

More companies are hiring employees to create video content or helping their existing staff get skilled up in video production. This year, there was an increase in small and medium-sized companies moving towards using a mix of internal and external resources for video production than the previous year (52% using both, versus 37% in 2017). Meanwhile, enterprise organizations are relying more on their employees to create video content, with 38% of that content being produced internally, and another 38% using a mix of internal resources alongside agencies, contract employees, and freelancers.

When it Comes to Video Length, Shorter is Better. Or is it?

In 2018, the average video length was 4.07 minutes long, 33% shorter than 2017’s 6.07 minutes. This trend continues back to 2016 when the average length was 13.14 minutes! This may suggest that businesses are recognizing that shorter videos help to maximize engagement, or perhaps it’s a reflection of the types of content they are now producing.

When it comes to viewer engagement, unsurprisingly, videos that are less than 60 seconds have the highest completion rate. However, videos that are between 2-4 minutes had a higher completion rate than videos that are between 1-2 minutes in length, suggesting that longer-form videos meant to educate buyers can still command attention!

The most common types of videos are webinars, demos, and social media videos. Explainer videos, product videos, and customer videos are also popular formats. More than ever, businesses are using video throughout the customer journey. They recognize the power of video to explain to potential customers what they do, what they offer, and how it helps them. The popularity of webinars suggests that there’s also a thirst among brands’ audiences for longer-form educational content.

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Video Publishing and Promotion: Your Times and Dates Matter For Maximum Engagement

Business-created video content is viewed more mid-week, and weekdays continue to be more popular than weekends. Audiences watched more business video content Thursdays than any other day of the week (22%). In close succession, Wednesday (18%) and Tuesday (17%), with Monday and Friday tied at 15%. Saturday and Sunday trail behind significantly, holding only 7% and 6% of viewers respectively. Video views peak between 9 and 11 a.m. PST (12 to 2 p.m. EST) on weekdays.

Video Analytics: Understanding Your Video Performance and Impact

Video analytics help companies better understand the performance of their video content, beyond just view counts. As companies produce more and more video content, it’s important for them to understand who is consuming it and how it is impacting revenue, rather than just how many views each video received. In 2018, 85% of companies reported that they’re using some form of video analytics. More organizations than ever before (43%) are taking advantage of the insights available through intermediate and advanced video analytics—a 19% increase over the previous year.

The 2019 Video in Business Benchmark Report was created and produced by Vidyard. These findings are based on the analysis of first-party data collected from more than 324,000 videos published by Vidyard customers over a 12-month period, from January 1, 2018 to December 31, 2018. It also includes anonymized aggregate viewership and engagement data from all video streams during that period. The results have also been compared to consistent data sets from the previous year’s benchmark report to offer insight into year-over-year trends. No personal information of viewers was used in compiling the Report.

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HotelRunner Increases Distribution Reach for Hotel Partners With Hotelbeds Agreement

Hotelbeds, the world’s leading bedbank, has announced a preferred partnership agreement with ​HotelRunner,​ a sales channel management platform and B2B network for OTAs and hotels.

With this agreement HotelRunner increases its connectivity partnership program by helping its 35,000 hotel, hostel and vacation rental partners reach the over 60,000 travel trade buyers that use the Hotelbeds booking platform – including tour operators, travel agencies, airlines and points redemption schemes in over 185 source markets.

As a result of gaining access to Hotelbeds’ travel trade buyers the accommodation partners of HotelRunner will benefit from incremental reservations from non-domestic markets via  Hotelbeds global distribution channels that generate high-value bookings with guests that, on average, book earlier, cancel less, stay for longer and spend twice as much in destination.

With this partnership, HotelRunner will assist Hotelbeds to access significant additional hotel partners globally, with wider coverage in Turkey, Africa, LATAM and South East Asia.

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Adam Krzciuk Kuna, Head of Supplier Connectivity Partnerships at Hotelbeds said: “We are really happy to partner with HotelRunner and feel that that this agreement is a real win-win, whereby its hotel partners that don’t currently work with Hotelbeds can benefit from our strong distribution power and at the same time we at Hotelbeds can grow the portfolio of hotels that we offer to our travel agents, tour operators, airlines, points redemption schemes and other clients.

“Channel managers are more important to us than ever before and we recognize their great importance to our business; last year we launched a new preferred partnership program for channel managers and HotelRunner is one of the first key participants.”

Ali Beklen, Founder & Managing Partner at HotelRunner added: “HotelRunner has been working with Hotelbeds already for five years and now we are taking our partnership to a strategic level as a response to their new preferred partnership program.

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“Using our proven experience in acquiring new accommodation partners and applying the best practices of both companies to the process of accommodation on-boarding and engagement, we’ll work together to on-board thousands of new properties from all over the world, improving our hotels’ connectivity experience whilst also offering them access to non-competing reservations from hard-to-reach booking channels that offer quality guests that overall are more profitable for the hotels.”

Through its powerful and easy-to-use suite of tools, HotelRunner gives all properties, regardless of size, access to the best hospitality management technology. This means hoteliers and hosts can grow reservations and automate their workflows with confidence and ease.

The company has offices in the United States, United Kingdom and Turkey, and has properties in 193 countries ranging from daily short-term rentals to bed and breakfasts, boutique hotels and enterprise hotels and chains.

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Top of Mind Networks Adds BombBomb Integration to Surefire CRM

Top of Mind Networks, a leader in customer relationship management and marketing automation software for the mortgage lender and real estate industries, is pleased to announce that it has integrated with BombBomb, a personalized video tool.

“As the industry’s leading CRM, we aim to continually add integrations with partners that make sense for our user base and help them increase their business.”

“We are excited to be able to integrate BombBomb technology into our Surefire system for clients. The ability to add an individually targeted video to follow-up emails is important in today’s world where consumers are looking for personalized messages,” says Erik Enright, CTO. “As the industry’s leading CRM, we aim to continually add integrations with partners that make sense for our user base and help them increase their business.”

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The integration of BombBomb with Surefire means that Surefire users can:

  • Easily deploy BombBomb videos to contacts inside of Surefire.
  • Record videos within the Surefire platform by pressing one button.
  • Quickly choose from their personal library of videos to send them multiple times.

BombBomb videos allow mortgage professionals to create a one-to-one human experience. Video email builds trust, converts leads and wins referrals because senders rehumanize their communication and thus their brand. Sending an email with an embedded video gets professionals face-to-face with the people who matter the most – customers.

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Top of Mind continues to lead the way in developing new tools to address the needs of the loan origination ecosystem. The company’s product capabilities, particularly with the newest version of its Surefire platform, allow its clients to run, track and improve campaigns, so that its originators can focus on doing what they do best – selling.

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Adaptive Ad Systems Completes Installation of New Ad-Insertion Equipment on National Cable TV Systems Adds 40,000 Additional Subscribers

Adaptive Ad Systems, Inc., a company that provides Dynamic Digital Ad Insertion (DDAI) via its streaming media hardware and proprietary processing software for the US cable TV and Satellite markets, announced that it has completed a significant number of new installations of its proprietary ad-insertion equipment on cable television systems adding over 40,000 additional subscribers to its network.

J. Michael Heil, CEO of Adaptive Ad Systems states: “As we continue to improve our digital ad insertion technology and expand our market in the National Cable TV markets, we keep accelerating the installation of our proprietary Adaptive hardware and software systems for new cable television head-ends on a consistent basis. These new installations are the basis for our increasing subscriber base and not only add to our gross revenue and net profit, but also further strengthen our position to negotiate and obtain more favorable advertising rates with our advertisers for the benefit of our clients.”

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The Adaptive System

Adaptive allows advertisers across the US to purchase ads that will be inserted into a linked group of the Adaptive digital TV advertising System, adding many times the impressions of the small individual systems. Adaptive Ad Systems manages all ad-related activities, provides all technical support, sales, scheduling and billing, and has established an innovative revenue share agreement with each individual system, in proportion to its number of subscribers.

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Adaptive Ad Systems Inc. is a digital media and video communications Company that together with its subsidiary manufactures, develops and deploys dynamic digital ad insertion (DDAI) and video streaming media hardware and proprietary processing software for the Cable TV, Satellite and IPTV markets. Adaptive’s primary focus is the 2nd and 3rd US markets. Its digital ad insertion technology and unique profit-sharing model overcomes the barriers that typically prevent the insertion of National and Local cable TV advertising on major cable TV Networks. Adaptive exclusively sells all available advertising space in each market it has contracted, while maintaining complete technology ownership. Adaptive has implemented a unique and advantageous profit-sharing model with its Cable TV Partners. The Company’s technology and business model allows to dynamically and economically serve currently over 200 designated marketing areas in approximately 34 states in the United States. Adaptive also provides broadband and cable TV services in some niche markets.

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Leading Associations Turn to ON24 for Member Engagement and Revenue Growth

AARP, ISM, ANA and more choose ON24 to educate members and drive sponsorships through webinar-based programs

With 51% of associations reporting flat or declining membership and nearly 40% saying a lack of engagement is the reason members don’t renew, national associations like AARP, The American Nurse Association (ANA), Institute of Supply Management, and ESMO, are turning to ON24, the marketing technology leader helping associations create live, always-on and personalized digital experiences to facilitate awareness, provide value to members, and increase revenue streams.

Associations have traditionally relied on in-person chapter events and regional conferences for member engagement. In the digital age, associations are evolving to use webinar programs powered by the ON24 Platform for their programming, certifications, and training needs. Webinars give associations the ability to engage global audiences and provide members with valuable content. Additionally, webinars optimize resources, by saving associations time and money while attracting more sponsorship and revenue opportunities.

“Associations depend on ON24 to help connect with and provide value to their unique memberships,” says Joe Hyland, CMO, ON24. “We’re proud to help associations better understand their audience and members, to create high value content, provide insights for potential sponsors, adapt to new industry trends and more. It’s a true win-win: members get more insightful, relevant content, while associations better understand their key stakeholders.”

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Leading associations accelerate their growth and reach through ON24, achieving the following outcomes and results:

  • Creating Scale, Optimizing Efficiency: For its flagship webinar during National Nurses Week, the American Nurses Association’s achieved more than 11,000 registrations through ON24 — an increase of more than 40% over the previous year. The webinar featured a live video broadcast to more than 6,000 viewers in 4,500 locations. It reduced time spent by staff on the event creation by 65% over previous webinar providers.
  • Driving Attendees and Conversions: AARP set an all-time high for registrants thanks to ON24, with nearly 14,000 people signed up for its The Health Care Law: What It Means for People with Medicare” webcast. The event also experienced a greater than 50% registrant to attendee conversion rate.
  • Saving time and money: ESMO achieved an estimated 25% savings over its previous webinar solution. Along with a lower-priced webinar platform, there were additional labor and time savings from not having to deal with accessibility and technical issues.

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Building community with stakeholders is crucial for these organizations, and webinars serve as a key touchpoint for association memberships.

“My members can’t stop complimenting us on how much they love attending our new webinars and classes,” says Tom Martin, Director, Learning Solutions, Institute for Supply Management, which has 50,000 members across 100 countries. “ON24 has been key to making our members fall in love with us all over again.”

ON24 sees the benefits of its platform as well. Thanks to a webinar-first marketing program, the company announced it’s rapidly approaching $100 million in ARR and it now serves more than 2,000 customers worldwide, including 40 of the Fortune 100. The company reached more than 1 billion engagement minutes in 2018 and is a truly global solution across industries. ON24 now serves 9 out of the top 10 technology companies, 7 out of the 10 asset management firms, 6 out of the top 10 accounting firms, and 8 out of the top 10 pharmaceutical companies.

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Insite Software Announces Major New Enhancements for InsiteCommerce

Leader in B2B commerce software releases InsiteCommerce 4.5.0 with additional functionality for email, list share, search, security and more

Insite Software, a leading provider of powerful digital commerce solutions architected for manufacturers and distributors, announced it has launched InsiteCommerce 4.5.0, the latest version of Insite’s industry-first eCommerce platform. InsiteCommerce 4.5.0 includes several major new updates based on both customer feedback and Insite B2B commerce innovation. In addition to improving Insite’s already powerful search capabilities, version 4.5.0 provides new functionality that enables email list reminders, provides multiple customer list share features, enhances security for commerce sites and delivers integration with inRiver cloud products.

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“Insite has stayed in front of the B2B commerce industry by prioritizing new features and functionality based on customer feedback combined with the deep expertise of Insite’s development team,” said Steve Shaffer, Chief Executive Officer of Insite Software. “We’re dedicated to listening to our customers’ needs and wants and responding with continuous improvement of our eCommerce solutions. InsiteCommerce 4.5.0 is a reflection of that powerful approach.”

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InsiteCommerce 4.5.0 includes new features within six major areas of the solution including:

  • Email List Reminder functionality allows customers to set email reminders to reorder items on a recurring basis and at regular intervals from a specific list. Insite’s robust list management capabilities already increase efficiencies for buyers and sellers. This new functionality is designed to boost productivity even further with daily jobs that generate emails based on the schedule defined by a storefront user.
  • With List Share for Multiple Customers, Insite’s list functionality has been enhanced to serve the needs of customers who share lists with large groups of customers. The tool now allows users to create, manage and share lists with multiple customers from the Admin Console. This provides manufacturers and distributors with the capability to promote specific products, highlight recommended or approved products, or streamline access to their most in demand products.
  • InsiteCommerce 4.5.0 provides Search Enhancements that make search results even more relevant to their customers.  There are additional options that enable business users to configure search logic to better match customers’ expectations. Users have more control to improve multi-word and phrase search logic, improve part number matching when part numbers have special characters or include manufacturer part numbers, and prevent ‘did you mean’ logic from being applied to part numbers.
  • The Insite platform now provides new security capability in terms of Bad Actor Prevention, giving customers the ability to decide who can be on their site while preventing visitors from scraping information from the site for other purposes.
  • Shop by Brand Enhancements allow users to configure search, boost and bury by brands and product lines, offers a new brand gallery widget, improves SEO for brand pages and provides stronger ability to highlight specific brands. This update gives distribution customers the ability to easily raise the visibility of certain brands, a desirable feature for promotion and partnership purposes.
  • InsiteCommerce 4.5.0 now seamlessly talks to inRiver cloud implementations with its updated inRiver Connector. This connector allows all product, item, resource and channel information to be synchronized directly from inRiver to the InsiteCommerce platform. Insite’s integration with inRiver leverages the rich data that a PIM can provide and allows manufacturers and distributors to seamlessly update product content with the flexibility to deploy inRiver either on premise or in the cloud.

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Ada Introduces ‘Automation to Agent’ Customer Experience

Initial pilot deployments resulted in unprecedented time savings for live agents

Ada, the market leader in Automated Customer Experience (ACX), announced the launch of Ada Glass, which provides seamless customer handoff from Ada’s AI-powered chatbot to live chat platform partners including Zendesk, SalesForce, and Nuance. A new feature of Ada’s ACX platform, Ada Glass enables enterprises to instantly connect customers with live support agents directly within Ada’s chatbot interface.

Ada Glass allows customer service teams to escalate a customer to the most suitable agent, based on their specific needs and interests. Most notably, with Ada Glass, businesses can focus on high-value customers by prioritizing their service issues and connecting them with the most seasoned agents for immediate assistance.

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With Ada Glass, when agents are busy, the customer can interact with the chatbot while waiting in a queue for support. After business hours, the customer receives a personalized message to schedule the next available appointment with a live agent.

“After introducing Ada Glass to our existing support experience, we’ve been able to reduce our inquiry volume by 90%,” said Bas Lucieer, ACX and Business Intelligence Engineer at LiteBit.eu. “When an agent is required, we now trust Ada to provide them with a seamless transition from chatbot to human – creating the best of both worlds for both our customers and agents.”

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During initial Ada Glass pilot implementations, it delivered unmatched benefits to global businesses:

  • The ‘plug and play’ design allows for fast integration with live chat solutions, without the need for any coding
  • Easily flow between automated and live support means users benefit from Ada’s multilingual self-service as agents enter and exit the chatbot conversation
  • By capturing customer information and context from the chatbot conversation, Ada Glass minimizes the need for repetitive questions or admin-heavy tasks so agents can provide immediate support.

“CX leaders across industries are investing in AI-powered chatbots to improve the customer experience. However, without considering how automation blends with live agent support, the value of the investment is not maximized,” said Mike Murchison, CEO and co-founder of Ada. “The strategic approach we have taken to build Ada Glass with a one-of-a-kind handoff ensures a completely effortless experience for both the agent and the customer.”

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SalesTech Star Interview with Jason Holmes, COO at Showpad

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Tell us about journey into Marketing and Sales Technology. How did you arrive at Showpad?

Before I came to Showpad, I served as the VP of Global Professional Services at Adobe, followed by a five-year run at Marketo, where I last served as Chief Operating Officer. I came to Showpad in August of 2017, back when the company first established its U.S. headquarters in Chicago. I was actually the first Showpad employee in Chicago.

I saw a ton of potential in Showpad before joining the team. I like working in Sales and Marketing technology. In fact, I’ve worked in these categories my entire career. And I saw a huge market potential for Sales Enablement. The category is moving quickly, growing rapidly from a ‘nice-to-have’ tool for organizations to a ‘need-to-have’ solution. I realized this potential for growth, and that sold me on making a career jump. I’m excited about the Sales Enablement category and work for a great company where the culture is driven by people who are passionate about what they do, including the founders. Given how quickly the industry is growing, I’m motivated by what the future holds for Showpad.

What is Showpad and how do you differentiate it from other Sales Enablement platforms?

Showpad is a Sales Enablement platform that increases sales productivity and maximizes marketing’s impact. Our platform combines smart content, training and coaching recommendations for sales reps so they can both improve performance and deliver the right materials to prospects at the right time. The platform is powered by AI, which not only provides sellers with contextual content that buyers actually care about, but offers scalable training and coaching materials based on seller performance. This saves managers time meeting with every rep and helps sellers improve continuously over time.

Showpad is the first and only integrated Sales Enablement platform to combine content, training and coaching in one solution. Other platforms don’t provide these capabilities in one place, which forces enterprises to work with multiple vendors for the tools they need. We’re the only platform offering a user experience that sales and marketing love to use, with fast deployment time, enterprise capabilities and a global reach. Often, organizations need to choose which functionality is most important – we provide them all so our customers don’t have to choose.

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How different is your role at Showpad compared to the ones you had at Marketo and Adobe?

At Adobe, we were much more focused on B2C marketing, and at Marketo, our priority was B2B. At Showpad, we’re focused on Marketing and Sales Engagement in the B2B space. The audience that I target at Showpad has shifted to now include both B2B marketers and sales teams, which has been an interesting and exciting adjustment as I’ve learned how to best approach these parties and tailor our offerings to meet their unique needs.

My role has also broadened quite a bit. At Adobe and at Marketo, I was focused on customer success, whereas at Showpad, I’m in charge of not only retaining customers, but acquiring the best ones. See more, win more, keep more – those are my priorities as President and COO. I’ve moved from customer success to making sure our entire model at Showpad and the Sales Enablement category as a whole are successful, as well as making sure that our teams are fully aligned to enable this success.

Tell us more about equating the state of the Sales Enablement industry with the traditional Maslow’s Hierarchy of Needs?

Think back to the early days of sales. Salespeople had books of clients they’d call on the phone or visit face-to-face. The image of the traveling salesman sticks out in my mind. This is the bottom level of the pyramid.

Organizations then realized they needed more organized ways of reaching prospects, and CRM solutions came about, which empowered organizations to focus more closely on customer retention. Given these solutions were primarily sales focused, Marketing Automation came on the scene as a means to streamline marketing processes and ensure that prospects were hit with the right engagements before even reaching the sales team.

At the top of the pyramid is Sales Enablement. Once organizations mastered the bottom levels of Sales and Marketing engagement, they realized a need for tools that fully aligned these teams’ efforts. Modern Sales Enablement solutions ensure marketing and sales align to create content that’s successful throughout the buyer’s journey and empowers salespeople to meet quota more frequently. We’ve reached the peak in the sales and marketing technology evolution.

How much have the Sales Enablement practices changed since the time you first started at Showpad?

Since I started at Showpad in 2017, the Sales Enablement category has moved from a ‘nice-to-have’ to a ‘must-have’ functionality for today’s organizations. Businesses are realizing the importance of relevant content, coaching and training in closing more deals, improving seller capabilities and enhancing the overall buyer experience. The category has moved to near essential status – it seems like everyone on the planet is buying Sales Enablement tech, which wasn’t the case when I started. It’s been exciting to play a key role in pushing the category forward and shaping the perception of Sales Enablement.

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Which technologies in Sales and Marketing help to achieve better Sales Enablement?

AI has completely evolved how sales teams approach prospect interactions today. Our platform uses AI to learn which content buyers engage with most frequently, which helps sellers better understand which content will help close deals in the future. With this knowledge, sellers are better equipped to  present relevant content to prospects that demonstrates our differentiated business value.

We’ve also seen Augmented Reality make its way into the Sales Enablement space. In fact, Showpad was the first in the industry to implement AR in the sales process, enabling sellers to present complex products in any space, at any time. This helps sellers in both remote and field sales scenarios better demonstrate to buyers how products can fit in their unique organizational settings.

Finally, the role of video in the sales process has evolved the industry tremendously. While it of course enables sellers to conduct more calls in remote settings, it gives managers the ability to coach employees from any location. Traditionally, sales reps received feedback in face-to-face, formal settings, meaning that managers often had to travel. To eliminate costs and resources associated with this lift, video was brought into the sales coaching process so managers can provide feedback in real time. This helps reps scale improvement over time.

What role does Customer Success play in retaining customer groups and consolidating revenue opportunities?

The role of the customer success team is to make value visible to decision makers. This can be a challenging undertaking, as decision makers are always really engaged in the solutions that they own. If you start here and show decision-makers how your solution can help them achieve success, they’ll become advocates who can spread the word and create more advocates, which feeds growth.

At Showpad, we approach customer success with this mindset. As a high-growth business, we’re constantly maturing processes, but making value visible to decision makers is our unifying mission.

How do you achieve a culture-balance at Showpad? What percentage of this is driven by the application of technology, reporting tools and coaching?

We achieve a culture balance at Showpad by prioritizing our people, processes and technology. For me, the people are most important. In order for sales organizations to be successful, you have to hire the best people – both sales reps and sales leadership. We want our leaders within Showpad to be focused on hiring the best talent and continuously mentoring their teams. Personally, I focus 60% of my efforts on hiring the right people, 20% on our sales methodology and processes and 20% on technology enhancements.

Tell us how you achieve marketing-sales alignment at Showpad. How does it impact your targets?

Our sales and marketing leaders operate as essentially one team at Showpad – in fact, they sit next to each other, share a wall and probably spend more time with each other than their own teams individually. Achieving sales and marketing alignment is all about the relationship between the two teams’ leaders. My responsibility as COO is to make sure that they’re both arguing and agreeing but at the end of the day, aligning with each other. The problem that most organizations face is that there isn’t a single individual managing the coordination of these teams, which don’t get along naturally. If organizations can have someone at the top managing alignment and get sales and marketing back on track when the dissonance starts, then the relationship works wonderfully.

How do you leverage AI and automation for sales performance at Showpad?

We use every bit of automation and AI that’s available on the market today within Showpad, whether that’s AI-powered content recommendations to help salespeople more effectively deliver the right message to customers at the right time or training and coaching materials based on recent prospect interactions. At Showpad, we are completely bought into the idea of the modern seller, and that seller is powered by AI and automation. The traditional, manual methods of sales are a thing of the past.

How do you prepare for an AI-centric world as a Sales Technology leader?

At Showpad, we conduct internal R&D to determine the different and practical types of AI that will bring value to our customers over the next few years. A lot of this research is conducted through the constant stream of technology and tech-enhanced services that sell to us. We learn a lot from these companies on the bleeding edge about where we can go next with AI.

In some cases, we’re watching what the biggest tech players are doing and saying about AI. These companies are able to move markets, whether it’s through dialogue or what they’re actually doing with the tech. We’re keeping our eyes on the larger SaaS players, as their predictions often dictate the future and give us a roadmap of solutions we should be exploring to improve our individual customers’ experiences.

Which events and webinars do you most occasionally attend and why?

I get all of my industry information by reading.

Your advice to other CMOs and Sales professionals in the sales tech industry?

Focus on your salespeople. User experience is incredibly important, and investing in your sales team ensures that you provide the next-level, differentiated interactions buyers demand. The sales tech industry isn’t a winner-take-all situation. There’s room for more than one winner. What’s important is organizations prioritize making value visible to decision makers. This is the long-term win.

Recommended: SalesTech Interview With Craig McGlynn, VP Of Revenue At PartnerCentric

Thank You, Jason, for answering all our questions. We hope to see you again, soon.

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Showpad, the global leader in sales enablement, empowers sales and marketing teams to deliver better buyer experiences. The Showpad Sales Enablement Platform unifies sales content management, training, and coaching into a single user experience.

The most comprehensive data on successful sales interactions powers Artificial Intelligence to recommend the right content and training for every opportunity. With the industry’s only Sales Manager Hub, Showpad empowers sales leaders to turn middle performers into top sellers. Showpad services more than 1,200 customers across the globe including Johnson & Johnson, BASF, GE Healthcare, Fujifilm, Bridgestone, Dow and Honeywell. Founded in 2011, the company has headquarters in Ghent and Chicago with offices in Brussels, London, Munich, Wroclaw, San Francisco, and Portland.

Jason is responsible for leading and integrating Showpad’s global sales, marketing, customer success, and business development teams. As the leader of Showpad’s go-to-market teams, Jason takes pride in delivering solutions that help our customers’ marketing and sales teams grow revenue faster. As the father of an aspiring software engineer, he also has a personal passion for growing the tech community in his hometown of Chicago.

Prior to joining Showpad, Jason served as Chief Operating Officer at Marketo (pre-IPO through take-private), where he was charged with driving the company’s broad growth initiatives while unifying management of strategy, execution, and accountability across the entire organization. He also played a crucial role in the $1.8 billion take private acquisition of Marketo by Vista Equity Partners in August 2016. Before Marketo, Jason served in global executive roles at leading technology companies including Adobe, Omniture, and Oracle. He holds an MBA from Northern Illinois University.