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VoloMetrix

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VoloMetrix, Inc.
Founded2011
HeadquartersSeattle, Washington, US
ChairmanChris Brahm
CEORyan Fuller
ProductsSoftware as a service
ParentMicrosoft Corporation[1]
URLwww.VoloMetrix.com

VoloMetrix, Inc. is an American enterprise software start-up based in Seattle, Washington. VoloMetrix offers a people analytics solution that combines data from collaboration platforms to create data visualizations and dashboards. At the end of April 2013, the company raised $3.3M in series A funding from Shasta Ventures.[2] In October 2014, VoloMetrix announced a series B funding round with Shasta Ventures and Split Rock Partners that raised $12M.[3] In September 2015 it was officially announced that Microsoft had acquired the company for a yet undisclosed amount. The acquisition was made to improve existing Microsoft offerings such as Microsoft Office 365 and Microsoft Delve.[4]

Company Team

The company was founded in 2011 by Ryan Fuller, the company's CEO, and Chris Brahm, a Senior Partner and Director at Bain & Company. The VoloMetrix leadership team team includes Natalie McCullough (Chief Revenue Officer), Nimrod Vered (VP of Engineering), Chantrelle Nielsen (VP of Product), Ahmed Quadri (VP of Customer Solutions), Eileen Conway (VP of Marketing), and Peter Cullen (Chief Privacy Officer). Jim Simons, Managing Director of Split Rock Partners, joined the VoloMetrix Board of Directors following the series B funding round.

Technology

VoloMetrix extracts and analyzes anonymous data from company email, calendar, social platforms and line-of-business applications. They enable executives, managers and individuals in any organization to clearly understand where their teams are focused and how they can work together most effectively through easy-to-use, interactive dashboards.[5] The application and integrated professional services work together to diagnose and resolve company-wide issues such as tracking bottlenecks,[6] and providing a more dynamic view of the organization than a classic org chart can provide.[7] VoloMetrix solutions can be used to change the way functions across the organization manage their business, including HR, Finance,[8] and IT.[9][10] Companies can fuel innovation and accelerate profitable growth by treating time as a scarce resource and being mindful about how they invest it.[11]

Patent

In August 2014, VoloMetrix publicly announced that it had filed a patent for its proprietary technology and associated metrics.[12] VoloMetrix's key organizational metrics include Organizational Load Index (OLI), Fragmentation, Network Efficiency Index, and other measures aimed at improving employee performance.

Organizational Insights

VoloMetrix has gained attention from academic and corporate research projects focused on the significance of time use and internal networks within organizations. Features in The Economist,[13] Harvard Business Review,[14] and The Wall Street Journal[15] have highlighted VoloMetrix's use of big data and people analytics applications to identify meaningful trends within large firms. Widely referenced metrics provided by VoloMetrix include:

  • Organizational Load Index: number of hours a person consumes from the rest of the organization based on meetings they organize and emails they send
  • 1:1 Manager Interactions: number of hours per week spent in meetings involving only an individual and the individual's direct supervisor during a given time period
  • Time in Meetings: number of hours per week spent in meetings during a given time period

References

  1. ^ Day, Matt (3 September 2015). "Microsoft buys employee monitoring software company VoloMetrix". Seattle Times.
  2. ^ "Enterprise Performance Analytics Startup VoloMetrix Raises $3.3M From Shasta Ventures". TechCrunch. 2013-04-24.
  3. ^ "VoloMetrix Raises $12 Million in Series B Funding to Accelerate Growth". CNN Money. 2014-10-13.
  4. ^ Foley, Mary Jo (3 September 2015). "Microsoft to acquire organizational analytics provider VoloMetrix. Microsoft is buying Seattle-based organizational analytics vendor VoloMetrix and intends to integrate its technology with Delve Organizational Analytics". ZDNet.
  5. ^ Alan Pelz-Sharpe (2013-12-05). "Startup VoloMetrix exposes social inefficiencies within the enterprise". 451 Research.
  6. ^ Mike Vizard (2013-08-23). "An App to Track Bottlenecks". SaaS in the Enterprise.
  7. ^ Judith Lamont (2013-05-28). "On the cutting edge of social networking". KM World.
  8. ^ Ritobaan Roy (2013-02-08). "Do Your Employees Talk to Each Other?". CFO Insight.
  9. ^ "Elevating the CIO: How analytics will boost enterprise IT". TechCrunch. 2014-02-06.
  10. ^ Sharon Florentine (2013-08-30). "How Social Analytics Can Improve Enterprise IT Efficiency". CIO.com.
  11. ^ Michael Mankins, Chris Brahm, Gregory Caimi (2014-05-01). "Your Scarcest Resource". HBR.{{cite web}}: CS1 maint: multiple names: authors list (link)
  12. ^ "VoloMetrix Files Patent for Ground-Breaking Predictive People Analytics Software". Market Wired. 2014-08-27.
  13. ^ "Decluttering the company". The Economist. 2014-08-14.
  14. ^ Ryan Fuller (2014-08-20). "3 Behaviors That Drive Successful Salespeople". Harvard Business Review.
  15. ^ Sue Shellenbarger (2014-10-15). "New Office Flashpoint: Who Gets the Conference Room?". The Wall Street Journal.
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