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Turning Big Data Inwards: VoloMetrix Secures $12 Million for People Analytics

Are you ready to integrate business intelligence within your company to better understand organizational performance? This week, our client VoloMetrix announced that it has secured $12 million in Series B funding to help grow its business and aims to triple its headcount within the next 12 months.

While many companies currently use real-time, external customer analytics to inform business decisions, VoloMetrix’s technology applies its sophisticated analytics internally to company-gathered data on employee behaviors and the company’s social graph. The anonymous and aggregate data extracted from company emails and calendars illuminates organizational health issues and provides actionable insights for sales, customer satisfaction and employee attrition. Once companies know how time is spent, they can analyze trends and develop business objectives to help streamline and improve performance.

VoloMetrix was founded on concepts from the consulting world—inspired by time-and-motion studies that examine how time is used within businesses around the globe. Last month, the Seattle-based company filed a patent on its algorithms that assess organizational health and examine how internal communication trends tie to business outcomes like organizational alignment, employee engagement and sales performance. It has over two dozen enterprise customers, including Symantec, Genentech and Seagate.

Here is just some of the coverage our team at Communiqué helped to secure surrounding the news this week: