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 TypeDeal StatusTarget (s)Deal DateInvestor(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 OutCompletedMetrics That Matter-

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