Visier  

Vancouver,  BC 
Canada
http://www.visier.com

• Booth: 4514, M19, M20

Visier’s purpose is to help people see the truth and create a better future—now.

Visier was founded to focus on what matters to business people: answering the right questions, even the ones a person might not know to ask. Questions that shape business strategy, provide the impetus for taking action, and drive better business results. Visier delivers fast, clear people insights by using all the available people data—regardless of source. With best-practice expertise built-in, decision-makers can confidently take action. Thanks to our amazing customers, Visier is the market leader in Workforce Analytics with 5,000 customers in 75 countries around the world.

For more information, visit visier.com.

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 Press Releases

• Visier Data Uncovers Employee Resignations are on the Rise (Jul 02, 2021)

  VANCOUVER, BC – June 11, 2021 — Visier, the globally recognized leader in people analytics and planning, today unveiled new data findings that signal a significant shift in employee behavior leading into the summer months. According to the data, not even a pandemic could keep people from leaving, and for a major chunk of the market, resignations have actually increased. 

  Dubbed the “Resignation Wave,” the Visier study found that during the summer months, organizations have consistently seen year-high resignation rates peaking between the months of June to September. Even during the height of the pandemic in 2020, employees continued to shift job roles during the same periods. Current 2021 data shows the resignation trend is rising earlier than previous years, indicating there has been a build-up of overdue resignations, signaling a higher than average year for resignations across all industries.

  Resignations are particularly acute for technology and healthcare, with the increased stress of burnout and overtime impacting those sectors over the past year and a half.

  Visier’s data is validated by the most recent BLS Job Openings and Labor Turnover Summary, which  for the month of April showed a 20 year high in quit rates.

  This data is inline with previous Visier reports which indicated women in the workforce are exiting at alarming rates, with 30% of women considering leaving the workforce, and over 40% of female managers considering an exit.

  “Organizations need to take a hard look at their retention strategies coming out of last year,” said Ian Cook, VP People Analytics at Visier. “Employers may have an unfounded belief that the pandemic caused employees to reconsider leaving their jobs due to market uncertainty, which is clearly not the case. If employees were comfortable exiting during the height of the pandemic, this year could prove to be a year of unprecedented change.”

  For more information about Visier’s leading people analytics solution, visit www.visier.com. 

• Visier Announces $125M Series E Funding to Support Monumental People Analytics Surge (Jul 02, 2021)

  VANCOUVER, BC — June 29, 2021 — Visier, the globally recognized leader in people analytics and planning, announced it has raised $125M in Series E funding led by Goldman Sachs Asset Management (Goldman Sachs) at a valuation exceeding $1B USD. This investment signals a historic moment in the growth of the people analytics market, with Visier becoming the first independent vendor in the space to reach a $1 billion valuation.  

  “There is unprecedented demand for companies to better understand the people within their organizations,” said Ryan Wong, CEO of Visier. “From HR leaders to people managers and executives, having insight into a workforce is critical for delivering the right outcomes for the business, the employee, the customer, and a fair and just society.” 

  “The partnership with Goldman Sachs on the next phase of Visier’s growth underscores the fact that people analytics has become mainstream business practice,” said John Schwarz, Co-Founder and Chairman of Visier. “This investment is key to establishing Visier as the independent global cloud platform for people related business insights.”

  Companies are in the midst of a swift and massive transformation due to the increased demand placed on organizations to better know, care for, and support their employees, while also driving the best possible performance for the business. From SEC regulations requiring more data and transparency on diversity, equity and inclusion to the rapid shift to a remote workforce brought on by the pandemic, the need for people analytics has never been more pressing. 

  “Access to information about employees and the health of an organization has never been more critical,” said Holger Staude, managing director within Goldman Sachs Asset Management. “We’re excited to partner with Visier at this pivotal moment and support the company’s continued growth.”

  To spearhead this new era of people analytics, Visier will use the funding to extend and accelerate product development and international go to market expansion. 

  This funding announcement comes after a landmark quarter for Visier. The company recently announced passing the 8,000 customer mark, along with signing embedded partnership agreements with Cegid, PeopleFluent and Degreed. As of 2021, Visier processes over 12 million employee records in 75 countries around the world, with enterprise customers that include Adobe, BASF, Bridgestone, Electronic Arts, McKesson, Merck KGaA, Uber and more.

  Visier has previously raised $94.5M USD in four funding rounds, bringing the company’s total funding to $219.5M. Goldman Sachs joins existing investors Sorenson Capital, Foundation Capital, Summit Partners, and Adams Street Partners.

  With this investment, Visier joins an elite list of HR technology providers to have raised more than $100M in a single funding round; the Vancouver-based company also joins the exclusive ranks of Canadian unicorns like Clio, Wealthsimple, Thinkific, Trulioo and more.

  LionTree Advisors served as financial advisor and Morgan, Lewis & Bockius LLP served as legal advisor to Visier. Sidley Austin LLP served as legal advisor to Goldman Sachs.

  More information about Visier can be found at www.visier.com. 

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