According to Transparency Market Research, the global sales performance management market grew 17.1% annually from $2.3 billion in 2017 to $8.1 billion by the end of 2025. Utah-based InsideSales.com is a Billion Dollar Unicorn in the sales performance enhancement space. It has been toying with the idea of an IPO for a while. Maybe 2018 is the year that it lists.
InsideSales.com's Financials
InsideSales.com was founded by David Elkington, Ken Krogue, and Rob Christensen as an outsourced web application development firm to build HR, inventory, and accounting systems based on consumer demand. Driven by the market's demands though, the company pivoted to develop a web-based sales management solution. Its offerings leverage predictive analysis, data visualization, communication, and gamification technologies to deliver a comprehensive sales team performance enhancement solution.
InsideSales is privately held and does not disclose its financials. Three years ago, when I had met with co-founder Dave, he had mentioned that revenues for the company had doubled steadily since 2004. Recent reports suggest that the company was generating $25 million in revenues in 2013. By that logic, it should have crossed the $100 million revenue mark in 2015.
InsideSales has raised $251.2 million in funding from investments from QuestMark Partners, Ireland Strategic Investment Fund, Salesforce Ventures, HWVP, Kleiner Perkins Caufield & Byers, Microsoft, Polaris Partners, U.S. Venture Partners, Zetta Venture Partners, Acadia Woods Partners, and EPIC Ventures. Its last round was held in January 2017 when it raised $50 million from Polaris Partners, Microsoft, and Ireland Strategic Investment Fundofferings leverage predictive analysis, data visualization, communication, and gamification technologies to deliver a comprehensive sales team performance enhancement solution.
InsideSales.com's Growing Partnerships
InsideSales has been entering into strategic tie-ups with several key technology players to grow its market reach. Last year, it expanded its partnership with Microsoft to provide call recording storage for Predictive PowerDialer. The partnership will allow InsideSales's customers to leverage Azure's cloud services to retain recorded copies of sales conversations. These recordings can be used for coaching or compliance purposes and can be reviewed through its seamless integration with Microsoft Azure.
