Explorance Inc.
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Explorance Inc. - overview
Established
2003
Location
Montreal, QC, Canada
Primary Industry
Software
About
Based in Montreal, Canada, and founded in 2003 by Samer Saab, Explorance Inc. offers experience measurement solutions that enable institutions to support students throughout their academic lifecycle and employees at the workplace. In November 2021, Explorance Inc. raised CAD 25 million in growth capital led by new investor Investissement Québec.
Samer Saab is the CEO of Explorance Inc. Explorance Inc. provides a wide range of product lines, which includes BlueML, Blueplus, Metrics that Matter (MTM), BlueX, and Blue to help organizations to make the best possible data-driven decisions. BlueML (Blue Machine Learning) offers an in-depth analysis of open text comments.
Blue is the platform that supports important feedback processes including 360-degree reviews, central and major surveys, course evaluations, and more. Blueplus allows users to connect with others across the entire network in real-time. BlueX is survey software that helps users to collect the required information. Metrics that Matter (MTM) offers learning and development solutions by continually measuring, evaluating, and increasing the effectiveness of an organization’s learning portfolio.
In addition, the company offers multiple solutions for both enterprise and higher education. For enterprises, the solutions are 360-degree feedback, employee engagement, learning measurement, and employee surveys. For higher education, the company’s solutions are 360-degree feedback, course evaluations, live formative feedback, and student surveys. The company has business units across Chicago, Chennai, Melbourne, Amman, and London.
Explorance Inc plans to use its proceeds from November 2021 funding to reinforce its growth in global markets and support its excellence in the customer service industry.
Current Investors
Espresso Capital, Investment Quebec
Primary Industry
Software
Sub Industries
Customer Relationship Management, Application Integration Software, Analytics & Performance Software
Website
www.explorance.com
Verticals
Artificial Intelligence, Cloud Computing
Company Stage
Growth Stage/Expansion
Total Amount Raised
Subscriber access only
Explorance Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on, Corporate Carve Out | Completed | Metrics That Matter | - |
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