Company Research Report: Performio

Company Overview

• Name: Performio

• Mission of the Company: Performio aims to drive performance by empowering leaders to inspire and motivate their people to achieve their highest potential. They prioritize performance as the foundation of their company culture, product, and content.

• Founded: Performio has been operational for over 20 years. Specific founding details, such as the exact year and founder(s), are not available.

• Key People:

• Grant Weinstein: Head of Sales, APAC (as of March 2023)

• Sean Reiter: Chief Marketing Officer (appointed December 2022)

• Headquarters: No specific headquarters location is given, but Performio has global offices in Melbourne, Australia, and India.

• Number of Employees: No information is available.

• Revenue of the Company: No information is available.

• What is the company known for: Known for its sales performance management software that automates sales compensation calculations and provides transparency for sales representatives.

Products

• Incentive Compensation:

• Simplifies the administration of complex compensation plans.

• Reduces errors, provides transparency, and eases reporting.

• Plan Management:

• Users can apply plans, commissions, and crediting rules for payouts.

• Analytics Studio:

• Advanced reporting capabilities for deeper insights.

• Sales Performance Management:

• Tool for managing and optimizing sales performance.

• Data Management:

• Import, organize, and validate sales and compensation data.

• Data Integrations:

• Seamless integration with various data sources.

• Reporting:

• Automated tools for data visualization and analytics.

Each product is built around a component-based plan builder combined with a flexible data model, promoting efficiency and flexibility.

Recent Developments

• October 22, 2024: Introduction of the Plan Builder.

• March 29, 2023: Grant Weinstein's appointment as Head of Sales, APAC, strengthening the global sales leadership team.

• February 22, 2023: Launch of Business Intelligence and Advanced Reporting capabilities with the Analytics Studio.

• December 14, 2022: Appointment of Sean Reiter as Chief Marketing Officer to support growth acceleration.

• November 30, 2022: Expansion with a new London office and launch of a German Datacenter to support growth.

• June 15, 2022: Acquired a $75 million growth investment led by JMI Equity.

• May 24, 2022: Expansion of executive bench with new CRO and CTO hires.

• February 25, 2022: Announced record company and product growth in 2021.

Summary

Performio is a notable player in the sales performance management software space, catering to global enterprises such as Veeva, GrubHub, Johnson & Johnson, and Vodafone. Their solution is known for enhancing efficiency and providing transparency in sales compensation management. With ongoing product developments and strategic leadership appointments, Performio continues to be a vital tool for businesses aiming to streamline their sales compensation processes and improve sales performance outcomes.