Vlocity

insurtechothers

FOUNDING YEAR: 2014
LOCATION: United States
Last Update: 18/10/2019

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About

Vlocity is a leading provider of industry-specific cloud and mobile software, driving digital transformation for the worlds largest companies. A three-time Forbes Cloud 100 winner (2017, 2018, 2019), Vlocity is an industry cloudpioneer built in partnership with Salesforce, the worlds #1 CRM provider. Vlocity increases sales, service and marketing agility, operational efficiency, digital adoption and simplicity at a faster time to value across the enterprise. Committed to innovation, customer success and a values-led culture, Vlocity serves customers including the worlds leading companies in Communications, Media & Entertainment, Energy & Utilities, Insurance, Health, and Government industries. Vlocity is headquartered in San Francisco, with offices throughout North America, Europe, Asia, and Latin America.

MEDICI Analysis

Vlocity is a industry cloud based software company with deep domain expertise in vertical applications, empowers companies to deliver a unified and industry-specific customer experience. Vlocity Industry Cloud Apps leverage the omni-channel capabilities of the salesforce customer success platform to enable companies to achieve faster business agility and time to value from the cloud.

Focus

PRODUCTS & SERVICES

Omnichannel cloud software for customer-centric industries like insurance.

REVENUE MODEL

Assumes the company follows SaaS based revenue model.

MAIN CLIENTS

Main customers Sky Italia

Cellcom

Fastweb

New York Life and the City of Toronto

etc.

EXISTING PARTNERSHIPS

The company has integration partners

consulting partners

and technology partners. Major partners are Accenture

MATRIXX

IBM

KPMG

Atos

Tech Mahindra

NYC

Oldmutual

DOS

Newyork

Telford

Simmin

Delta Dental

Sky

Telus

etc.

COMMENT

Vlocity delivers cloud and mobile software that embed industry-specific functionality and processes for customer-centric industries.

Traction

VALUATION / MARKET CAP:

$333.33 M in 2016

TRACTION COMMENT:

Vlocity launched omnichannel retail apps for communications service providers in April 2017.

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