NEW YORK--(BUSINESS WIRE)--Grovo, a learning ecosystem for the 21st century workforce, today announced several notable new clients who have contributed to the company’s rapid expansion of annual recurring revenue – 7x growth over Q2 2014 - solidifying its reputation as a disruptive force in the $130 billion corporate training industry. Grovo added 200 clients to its roster in the first half of 2015 including Major League Baseball, Return Path, Compass, Chop’t Creative Salad Company, and the Kansas City Chiefs. The adoption of Grovo’s SaaS-based platform and microlearning content by these companies confirms that organizations are ready to embrace a dramatically rewired approach to learning and development.
“We’re excited to work hand-in-hand with these esteemed companies to engage their talent, drive performance gains, and create meaningful cultures of learning within their organizations,” said Grovo Cofounder and CEO Jeff Fernandez. “Our growth reflects that better learning in the workplace has never been more important, thanks to an influx of new technology, a highly competitive labor market, and an increasingly millennial workforce. Grovo meets these challenges head on, by reinventing how people learn at work.”
Grovo’s rapid growth has been driven by a three-pronged approach to deliver effective learning for the enterprise: a frictionless platform, bite-sized video content, and high-touch service focused on developing sustainable learning cultures.
As a testament to its growth, Grovo recently hit a milestone 3 million microlearning video lessons assigned by clients to employees through its platform. More than 2.5 million of those lessons were delivered in the first six months of 2015, signaling rapid adoption. Some of the most popular Grovo learning tracks in 2015 have included Using Google Drive & Apps, Email Communication & Efficiency, Boost Productivity at Work, Attention Management Fundamentals, and Transitioning to the Cloud.
“Today, people are primed to expect short bursts of entertainment and information, thanks to the rise of sites like YouTube and Buzzfeed,” said Alex Khurgin, Director of Learning at Grovo. “Grovo delivers educational content in a way that matches employees’ current workflow and expectations. It makes a huge impact on the learner experience, skill retention, and overall employee happiness.”
Grovo’s microlearning method -- 60-second videos followed by short quizzes -- is scientifically designed to engage today’s attention-starved, information-overloaded employees. The company’s in-house team of instructional designers, animators and producers has developed an on-demand library of over 5,000 microlearning lessons covering everything from digital skills like Salesforce and Slack to professional topics like leadership, innovation, and compliance.
As part of its focus on the enterprise, Grovo also announced it has appointed Silicon Valley veteran and enterprise sales expert Kirk Bowman to its Board of Directors. Currently a Venture Partner at Accel Partners, Bowman teaches at the Stanford Graduate School of Business and serves on the board of various other private companies including Atlassian, Code 42, Sookasa, Gainsight, and Semmle.
Grovo is a better way to learn at work. The SaaS-based learning ecosystem empowers companies with the technology and content to align, educate and inspire their teams. From onboarding to professional development, Grovo's 60-second microlearning videos teach everything 21st century employees need, delivered on a platform that learners and trainers love.
Founded in 2010, Grovo was recently recognized as the "Best Place to Work in NY Tech" by Internet Week. Its award-winning microlearning content has been recognized by Chief Learning Officer and Training Industry Magazine. The company has raised venture financing from Accel Partners, Greg Waldorf, Costanoa Venture Capital, SoftTech VC, Lerer Ventures and Red Swan Ventures. Learn more at www.grovo.com.