Company’s Rapid Growth Driven by HR Leaders’ Critical Need for Holistic Performance Management Solutions
SAN FRANCISCO, November 30, 2021--(BUSINESS WIRE)--As companies face ongoing labor shortages and wrestle with the upsurge of the distributed workforce, they are turning to 15Five to help navigate the new world of work. 15Five, a holistic performance management platform, today announced significant momentum, with 90% year-over-year (YoY) revenue growth, key leadership hires to fuel ongoing momentum, the launch of ground-breaking solutions, and industry recognition that validates the company’s value to its customers.
"We are helping power the evolution of hybrid work and support HR leaders as they grapple with the Great Resignation," said David Hassell, 15Five CEO and co-founder. "Over the last couple of years, 15Five has evolved into a holistic solution for strategic HR leaders who are looking for more than software. They are seeking a trusted partner in organizational transformation to help them meet the unique needs of a new generation of employees in a work environment that looks nothing like it did two years ago."
15Five’s rapid growth and validation from its customers are proof points that its relentless pursuit of being a true partner to strategic HR is meeting a market need. More than 450,000 humans are now on their journey with 15Five to achieve their full potential at work. This year alone, 15Five acquired 1,200 new customers and received the prestigious APPEALIE SaaS Customer Success Award, based on customer feedback and data.
Abby Hamilton, Chief People Officer at LiveIntent, a people-based marketing technology platform, began using 15Five when she joined the company in early 2018 as VP of People Development. "We’re now pretty much using the product as a 360-degree performance management system where OKRs, reviews, and engagement data are all stored in one place, which is amazing," said Hamilton. "After putting in many of these processes, LiveIntent saw a 60% decrease in turnover year over year, and that continues to remain steady even in a year as tumultuous as 2021. I credit much of this low attrition to the performance management processes and systems we've implemented, including 15Five."
The company’s growth also demonstrates 15Five’s ability to build and deliver world-class HR technology-based solutions. Its most recent product investments support and evolve the needs of HR leaders and managers in a hybrid work world. These include the launch of Transform, a one-of-a-kind, in-house customized coaching and online educational offering for managers, and the HR Superstars community, a resource center for HR leaders where they can collaborate, network, problem solve, and gather support.
To help fuel this exceptional growth, 15Five added two key executive hires earlier this year, Jim Morrisoe as Chief Operating Officer and Julia Stead as Chief Marketing Officer, and has further deepened it’s executive leadership bench with the recent appointment of Sayle Hutchison as Chief Financial Officer. Hutchison has decades of experience leading finance teams at highly valued SaaS companies, including Microsoft and Outreach.io. Two additional new C-suite hires will be announced in early Q1 2022.
15Five offers a purpose-built suite of HR tech solutions that help HR leaders and teams create highly engaged, top-performing organizations. Its people-first design, based on proven research in positive psychology, delivers easy, actionable solutions focused on manager effectiveness, through a combination of industry-best software, education and services, and community.
For more information, visit 15Five.com.
Founded in 2011, 15Five equips HR leaders to play a strategic role in their company’s growth. HR leaders use 15Five to combine engagement, performance and OKRs on one platform so they can make insightful decisions and take strategic action. Unlike other "command and control" performance systems, 15Five uses the latest in people science to turn managers and employees into self-driven owners of performance and engagement. To further the impact of talent on company growth, 15Five also provides education, coaching and community for HR leaders, managers and employees. HR leaders at over 3,000 companies, including Credit Karma, Spotify and Pendo, rely on 15Five’s software and services to make their talent a growth driver.
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