Vlocity's annual revenues are $100-$500 million (see exact revenue data) and has 100-500 employees. By Martin Giles Forbes Staff Sep 11, 2019 Instead of focusing narrowly, like Veeva did, or on more than 20 industries, like he had done with Siebel, Schmaier decided that Vlocity would customize Salesforce for a diverse but focused collection of some of the biggest industries around, including telecommunications, insurance, and healthcare.He may not have intended to start a company originally, but his bet has paid off. Estimated Revenue & Financials. Vlocity's revenue is the ranked 4th among it's top 10 competitors.

We are one of a very small number of companies going after this new and increasingly important category of cloud software called the “industry cloud.” This is a natural and we believe inevitable evolution of cloud software where industry-specific capabilities are included in the software “out of the box.”The Vlocity value proposition is “The best customer experiences are industry-specific.” We take the world’s #1 and best CRM and Salesforce, and add the last mile capabilities for different industries. Wolverton touches on the inherent risks and rewards of being one of the most successful companies in the Salesforce Cloud ecosystem.Vlocity is finding success customizing Salesforce's service for companies in telecommunications and other industries, CEO David Schmaier said.When David Schmaier attended Salesforce's Dreamforce conference in fall 2013, he was hoping to find a startup to buy — not to found a company himself.At the time, Schmaier was on the board of a private equity firm, but he had a long history in the enterprise software industry, and specifically in the customer relationship management part of it, which forms Salesforce's core market. Vlocity is a leading provider of industry-specific cloud and mobile software built in partnership with Salesforce. It's already hit $100 million in annual revenue. In 2007, some of his former colleagues had formed He realized "that there really was no company to buy, that you really had to start it yourself," Schmaier told Business Insider in a recent interview.Having done CRM customization before, he was convinced he was the best person to start a company that would focus on it for the future.So Schmaier got together with some of his former colleagues from Siebel and founded Vlocity.
For insurance companies, Vlocity offers modules that allow them to add items such as customers' policies and coverages.Vlocity offers a standard set of modules across industries. While this sounds like science fiction, it is all 100 percent true. It's already hit $100 million in annual revenue. Instead of building our own platform, which would take years and cost tens or hundreds of millions of dollars, we use the world’s most trusted, secure, scalable CRM platform that millions of people log on to every day. We don’t need to run Super Bowl or Third, all of our employees truly act as shareholders, and for me, frugality is innate. Most of our prospects already use Salesforce.Second, you don’t need massive sales and marketing budgets to address the verticals. That’s why Vlocity will be successful over the long term. Choose your Industry or Product Interest "Built natively on the Salesforce platform, Vlocity, a Salesforce Company, is a leading provider of industry-specific cloud and mobile software for the world’s top communications, media and entertainment, energy, utilities, insurance, health, and government organizations. That’s the core process engine that enables guided selling for a telecommunications company to sell the “quad-play” (voice, TV, mobile and broadband) or an insurance company to sell life insurance or a health policy.There are very different processes for each industry, but we use the same engine to deliver this capability. We have a capability, for example, called OmniScript that is an omnichannel business process engine in the cloud. This is faster than any other Salesforce partner (and virtually all cloud software companies) — so I’d say that we are pretty darn efficient.There are three main reasons we are so capital efficient.One, we’re built on the Salesforce cloud platform and core applications, and the economic advantages of that are huge. Our strategy was to acquire industry-specific software companies. Vlocity possesses deep expertise in vertical industries enables organizations to digitally transform while delivering seamless, industry-specific processes and data models across any channel, helping to increase sales, service and marketing agility, operational efficiency, digital adoption and simplicity.

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