Vidyard formally launched its Vidyard Rooms digital sales room (DSR) to beta. Vidyard Rooms are available at no charge for both free and subscription clients. However, Vidyard plans to introduce paid DSR plans in the future.
Vidyard Rooms support personalized videos, tailored demonstrations, recorded meetings, documents, and proposals. Users can comment on and tag content. Sellers are notified when new buyers join the room and when content is consumed.
“At Vidyard, we are always looking for ways to help sellers and go-to-market teams create more productive relationships with their buyers,” said COO Jonathan Lister. “With Vidyard Rooms, we are doing just that – empowering sales professionals to build personal relationships at scale and educate key stakeholders in a way that is timely, convenient, and collaborative.”
Vidyard described it as the first “video-first DSR,” but I’m not sure that video-first provides a significant value add as all DSRs support video (and many include chat). There are three primary values of DSRs:
There is also a latent opportunity for building out the demand unit, but vendors have not focused on that. None of these requires a video-first platform but building out the demand unit and engagement metrics call for the DSR to be native to an SEP, ABX platform, or Revenue Intelligence platform that ingests multi-channel signals. Furthermore, Vidyard is integrated with most of the major vendors in these categories.
As such, Vidyard Rooms are likely to be used primarily by SMBs and in enterprise sales segments that have deployed asynchronous video but not cutting-edge RevTech platforms.
“Demand for Digital Sales Rooms is up 325% year-over-year as post-pandemic digitalization and a shift towards efficient growth put pressure on sales teams to transform the way they work with buyers,” said GTM Partners Chief Analyst Bryan Brown. “With its unique video-first approach, Vidyard Rooms is a compelling new solution in this emerging market that aims to make digital sales rooms more personal, engaging, and helpful to buyers.”
After two years in stealth mode, Revenue Operations solution provider Nektar.AI was unveiled earlier this month. Nektar looks to solve the “CRM data leakage” problem whereby critical lead, contact, and opportunity data is omitted or decays. For example, Nektar recognizes meeting attendees missing from the CRM and automatically creates contact records that include email, direct dial phone, title, and buying committee role. Out-of-date or missing data negatively impacts both the sales process and operational functions such as analytics, automated recommendations, and pipeline forecasting.
Nektar offers a no-code platform that applies natural-language processing against email, calendar, chat, and social touchpoints, capturing revenue activity data across the full customer lifecycle and syncing it with the CRM. Automated activity capture improves rep productivity, allowing sales professionals to focus on selling instead of data entry and updating.
“Sales teams depend on their CRM data to gain insights into team productivity, pipeline insights, and revenue forecasting. Despite a CRM being an important system of record for modern go-to-market teams, it still grapples with the problem of poor user adoption and missing data. As per estimates, 40-50% of sales activity data remains missing from a CRM, while 27% of the data that’s available in a CRM decays every month. This leads to major data and productivity leakage,” stated the firm.
Furthermore, deals are becoming increasingly complex, with larger buying committees and sales teams communicating across an expanding array of sales channels. While most of these conversations are now digital, they take place across disparate platforms and channels, resulting in data fragmentation. Nektar’s mission is to collect this fragmented intelligence and feed it into the CRM, making it available to the revenue team without requiring sales resources to key this intelligence.
“There are a lot of reporting and analytics solutions out there. Other solutions have been investing primarily in the downstream problem with respect to visibility and analytics, an important problem to solve. But the core problem actually starts upstream, which is where activities are taking place and where data is being generated. A lot of that data doesn’t make its way into CRM, which actually results in downstream problems. If there’s poor data in, you will have poor insights available,” explained CEO Abhijeet Vijayvergiya to GZ Consulting.
“We found our product-market fit when we found that more than 50% of critical revenue activity data is not going into CRM,” continued Vijayvergiya. “This data leak results in productivity leaks, and that results in revenue leaks.”
Furthermore, as firms make staffing cuts, “they’re trying to do more with less” and losing implicit knowledge that never made its way into the CRM. Nektar allows companies to recover much of this lost activity and contact intelligence, boosting a firm’s ability to manage revenue operations during a recession.
“There are tools like Gong and Clari and some other forecasting solutions which provide good insights,” expanded Vijayvergiya on Nektar’s value proposition. But these systems are not resolving the data leakage problem.
Nektar claims 95% accuracy in its data capture and syncing processes. The service can go live in ninety minutes and begins providing time to value in three days as it gathers both historical data missing from the CRM and populates it with ongoing activity capture.
Nektar operates in the background, collecting and syncing data. Thus, there are no training sessions or additional UIs to learn. Sales reps do not need to toggle to other platforms, and their data entry work is significantly reduced.
“Nektar plugs the CRM data leakage without a user lifting their finger. We basically eliminate the need for user adoption and give all the time back to salespeople to go and sell while relieving their administrative burden,” said Vijayvergiya.
While there have been third-party solutions to populate and enrich account and contact data records for over a decade (e.g., Dun & Bradstreet, ZoomInfo), these vendors were blind to the demand unit unless a sales rep entered all members. Nektar is complementary to third-party DaaS providers, Revenue Intelligence vendors (e.g., Clari, Revenue Grid), Conversational Sales (e.g., Gong, Chorus), and business intelligence vendors (e.g., Tableau).
“We are aware that some of these solutions have their own activity capture system, but most of their activity capture solutions work in silos for certain sets of users who adopt their solution,” continued Vijayvergiya. “Users are not adopting the solution, or data loss happens anyway. A solution which we replace, more often than not, is Salesforce Einstein Activity Capture.”
Nektar supports email and domain exclusion lists to prevent mining confidential information (e.g., legal, investor relations, partner development).
Nektar is generally available as a native Salesforce solution, with HubSpot and Microsoft Dynamics on the roadmap. In addition, all of its system integrations are native, providing higher quality and performance.
Nektar.AI closed a $6 million seed round last summer, raising its total funding to $8.1 million. The round was led by B Capital Group, with Nexus Venture Partners, 3One4 Capital, and angel investors also joining.
Nektar has not disclosed pricing, but it is per user per month with SaaS-based pricing billed quarterly or annually.
Nektar is a fully remote company with 32 employees across seven countries with plans to hit fifty employees by the end of this year. Although emerging from stealth, it already supports over 1,500 users.
Nektar’s goal through year-end is to focus on its go-to-market strategy and North American hiring.
Data capture as an AI tool is becoming increasingly important. It probably isn’t a standalone offering but an underlying capability for populating the CRM with harvested digital intelligence, monitoring buyer engagement, and building out the buying committee. As such, it is core to both CRM data enrichment and revenue intelligence.
Outreach announced the general availability of Outreach Guide, its new revenue intelligence and deal management solution. Guide provides real-time conversation intelligence, best practice action plans, and “deal health at a glance.” Outreach also announced administrative enhancements to its Engage product and a “deep integration” with ABX Platform 6sense.
Outreach Guide, Engage, and Commit act as the “foundation” of Outreach’s sales execution platform, supporting revenue organizations across the full customer sales cycle “from prospecting for new business opportunities to deal management to sales forecasting.”
Outreach aims to create a “single system of execution” that helps revenue organizations meet their full potential and address issues with prospecting, deal management, and forecasting.
To help address this “sales execution gap,” Machine learning models “learn from the actions taken in our platform and generate data-driven, predictive, real-time insights that recommend actions for users to take to improve their sales execution,” said CEO Manny Medina.
Outreach Guide supports three core capabilities:
Deal Health Scores: The Deal Health Score employs machine learning to predict deal health. It also provides deal insights, recommended actions, and where to focus. In addition, deal Health displays positive and negative indicators (e.g., stuck in current stage, no recent inbound emails, recent executive engagement).
Deal Health signals deals at risk to both the sales rep and sales management, providing an opportunity to address problems and adjust forecasts.
Deal Health scores can be viewed in the aggregate as well, providing a neutral perspective on how each deal is proceeding versus comparable opportunities.
Deal Health scores are currently in beta.
Kaia Real-time assistance and conversation intelligence:Kaia offers real-time call transcription, content cards, and context-based rep enablement during Zoom and Microsoft teams meetings. After meetings, Kaia streamlines meeting summaries with AI-captured action items and follow-ups. As a result, Outreach claims rep productivity increases by nearly 30%, and the likelihood of scheduling a follow-up meeting jumps by 36%.
Kaia is linguistically customized for each client, capturing product names and competitors as keywords. During a call, content cards display real-time sales aides, such as product summaries or technical notes. Content cards provide quick cheat sheets on product value, pricing, or integrations (see the example on the right).
By removing notetaking and displaying content cards, Kaia allows sales reps to be more present during calls and pitch with greater confidence; instead of pausing a meeting to jot down notes, sales reps can quickly add a bookmark or short meeting note.
Automated and collaborative purchasing through Success Plans:Success Plans foster collaboration between buyers and sellers with detailed online purchase action plans that include a timeline, success criteria, resources, and team views. Collaborative action plans align stakeholders, build buyer trust, ensure timely stakeholder engagement, and provide internal stakeholders with prospect engagement and deal progress. Outreach claims that reps who closely monitor Success Plans enjoy a 13% bump in close rates.
“The buying team has all the information related to the deal in a central place, and all teams are aligned to clearly understand each other’s goals, interactions, and requirements essential for driving long-term success, delivering an unparalleled buying experience throughout the entire selling process,” stated Director of Product Marketing Elizabeth Dailing.
Furthermore, Success Plans are available to Customer Success teams when onboarding new customers, helping streamline handoffs.
The Team view helps track who is involved from the buying team and how engaged they are, how recently they were engaged, and what content they viewed.
Trigger Enhancements – A streamlined trigger builder improves the creation, management, and discovery of triggers. The refreshed trigger builder is aligned with traditional CRM language and supports multiple values per condition, drag-and-drop action reordering, and simplified condition group creation.
New Outlook-Add In – A native integration lets reps ‘Send’ emails from Outlook and send and sync “relevant emails to Outreach, as well as insert their available times or add a link to their calendar.” Outreach will also flag opted-out communications in Outlook and prevent them from being sent or added to a sequence.
Microsoft Graph Integration
Data Retention in Outreach Voice Recordings – Admins can configure data retention policies such as deleting data as a one-time event or setting up regular data deletions for Outreach Voice Recordings.
Additionally, Outreach announced an Irish Datacenter for Outreach Engage, meeting EU data residency requirements for GDPR compliance. “The EU Datacenter for Outreach Engage allows an organization’s data to be stored in a specific geographic location,” blogged Caroline Shin, Senior Product Marketing Manager at Outreach. “This means customer-owned data associated with those Outreach instances including prospects, accounts, organizations, and workflow data such as sequences and meetings will be stored and contained within the EU infrastructure.”
LinkedIn also addressed the lack of sharing of Sales Navigator Account Maps in its Q4 release. The value of maps is much greater if they can be shared across the sales and customer success teams. Sales reps will skip activities that do not have a clear return on investment (i.e., they expedite the sales process, increase the odds of a win, reduce bureaucratic steps, etc.) Sharing account maps across the team dramatically increases their value and encourages reps to invest the necessary time mapping out the account. Sharing also assists with account handoffs between SDRs to Account Reps and later to Customer Success teams.
“Selling is a team sport, and we know that team members need to be in the loop and connected on key accounts, especially as changes to the buying committee may be greater and more frequent right now,” wrote Senior Director of Product for LinkedIn Sales Solutions Mitali Pattnaik.
Account Maps are available to Team and Enterprise licensors. However, Account Maps may only be shared with co-workers on the same Sales Navigator contract; thus, partners or co-workers with separate Sales Navigator agreements still lack map sharing.
When others update a shared Account Map, everybody is notified of the update.
Those with CRM sync turned on (Advanced + CRM in January) will enjoy additional CRM features. Users will be able to create new leads or contacts “in more places within Sales Navigator to better match up with their workflows” and display additional context. New features include
New CRM Cards within Sales Navigator Lead Pages
New CRM Badges that notify reps when an account or lead is matched against the CRM
Clicking on the CRM Badge provides additional context on Sales Navigator Leads and Accounts from the matched CRM record. For Sales Navigator Leads not found in CRM, a user can create a CRM Contact or Lead.
CRM Badges are now displayed in the InMail and Messaging Flow.
LinkedIn will be rolling out Q4 enhancements to customers in the coming weeks, as with other quarterly releases.
LinkedIn also announced updates to LinkedIn Sales Intelligence (LSI), its data service for Sales Operations. LSI leverages the power of LinkedIn data to “help sales target the right companies and accelerate revenue.” Launched earlier this year, LSI supports report building, account recommendations, and Account data enrichment.
Sales Operations now has access to industry codes aligned with the NAICS industry taxonomy used in the US, Canada, and Mexico. Other enhancements include a new welcome flow and access to saved reports on the home page.
To assist with report building, a set of LSI Tool-Tips assist with defining Sources, Personas, Market Insights, and Exports.
LinkedIn began rolling out its Q4 Sales Navigator release last month. New functionality includes a reimagined home page, Priority Accounts, and Account Map sharing. According to LinkedIn, the revised home page helps address the “moving target” that is buying team discovery during The Great Reshuffle.
“We’re in the middle of The Great Reshuffle, and 80% of salespeople have delayed or lost a deal because of a job change within an account. Selling right now is a moving target. This means, maybe more than ever, that quality data is non-negotiable, real-time alerts are critical, and knowing your buyers and what’s important to them is essential.”
Mitali Pattnaik, Senior Director of Product for LinkedIn Sales Solutions
Not only are buying committees becoming larger, but the movement of professionals increases the likelihood that key members of the demand unit depart during the sales cycle. Reps that are blind to such changes are likely to have lost or delayed deals.
Furthermore, buyers have been inundated with messages, making it more challenging to rise above the din. According to LinkedIn Associate Product Marketing Manager Angel Gonzalez, reps need to personalize their outreach as there is a 30% decline in buyer response rates compared to pre-COVID.
“Our new Sales Navigator home page showcases customized insights for key accounts that you need to focus on right now,” posted LinkedIn Senior Director for Product Mitali Pattnaik. “Alongside a new look and feel for the home page, the refreshed Alerts Feed helps you filter to the most relevant, timely, and accurate updates, pinpointing alerts that need immediate action. And, for those updates you want to keep an eye on, a newly created ‘Bookmarked Alerts’ tab allows you to save alerts so you can revisit at any time.”
The new home page was redesigned to present “what’s most important to each individual seller at that moment,” including intelligence on priority accounts, direct access to Account Maps, and better alert filters.
Other new features include upgraded typeahead searching and alert bookmarking.
A few features have been downgraded in scope or removed, including Sales Navigator Coach and Recommended Leads and Accounts.
The new home page is available to all users.
Priority Accounts allows sellers with large books of business such as territory or industry reps to flag their key accounts, helping ensure critical accounts receive greater attention. Users simply “star” accounts in their saved account list for priority display. Account activity is then displayed in a new home page section labeled Priority Accounts that summarizes headcount growth, employee count, open opportunities, and Buyer Intent. Users can also click directly to Account Maps.
Continue to Part II which discusses Sales Navigator Account Map sharing and LinkedIn Sales Intelligence enhancements.
TechTarget announced a set of enhancements to its Priority Engine Sales Intelligence platform, including second-party intent data from its BrightTALK digital event platform and a refreshed user experience. As a result, TechTarget now provides intent data for 32 million opted-in technology researchers and purchasers across twice as many accounts.
Millions of BrightTALK contacts are fully integrated into Priority Engine, providing intelligence around individuals actively researching technology purchases at BrightTALK webinars, virtual events, and videos. The expanded content provides richer intent data with additional messaging hooks for sales reps.
Prospect-level insights include content preferences, recently viewed content, and each buying committee member’s top interests.
BrightTALK was acquired twelve months ago. BrightTALK hosts 30,000 new webinars and videos each year, providing multi-media content that complements TechTarget’s text-based research content. Prospect-level BrightTALK intent data and buyer contact intelligence are now being combined with second-party intent data from TechTarget’s 140+ enterprise technology media sites, bringing the combined pool of buyers and influencers to 32 million. As these individuals are opted-in, intent data can be tied to the individual instead of the account, allowing for improved messaging and targeting. Not only is the enterprise software topic collected, but TechTarget gathers competitors under consideration and buying journey stage. Furthermore, opted-in contact data ensures that the shared contact intelligence is GDPR and CCPA compliant.
BrightTALK Prospect Insights include webinar registrations, views, view times, webinar types, and titles.
TechTarget noted that buyers and influencers have distinct digital research styles, with some preferring multi-media content and others opting for white papers and related text-based reports and articles. Thus, bringing in BrightTALK significantly expanded TechTarget’s ability to identify buyer intent based on different learning preferences.
“Despite strong similarities in overall audience makeup (company size, industry, and job title/function are remarkably consistent), there’s only a 10%-20% overlap in members between the databases, depending on geo,” wrote TechTarget SVP of Products Andrew Briney in April.
“Learning preference and behavior is quite different for members of BrightTALK,” continued Briney. “While the content topics, focus, and quality is [SIC] very similar to what’s offered on the TechTarget network, BrightTALK members prefer the immersive, interactive learning experiences delivered by webinars (85%) and videos (61%) over downloadable PDF content like whitepapers (47%) and e-Books (42%). Given this preference, it’s not surprising BrightTALK members average more than 30 minutes in view-time per webinar/video.”
The enhancements also provide insights into “overall buyer content preferences (content type and topic), and interactions with customer content across multiple channels help inform more personalized sales outreach and marketing engagement strategies.”
“Priority Engine delivers the actionable purchase intent data our customers need to drive superior performance. This new release gets exponentially more data into their hands and gives them the ability to deliver customized experiences their marketers and sellers need to thrive.”
TechTarget CEO Michael Cotoia
UI enhancements include a new view that calls out “untapped, high potential accounts” for initial engagement in a rep’s territory. There is also a new timeline for viewing account journeys and recent engagement. The new timeline helps reps “easily monitor buying changes to better optimize pipeline, identify cross-sell/upsell opportunities and grow revenue.”
Other UI changes include a set of shortcuts located in the left-side navigation bar. The shortcuts display the following user views:
Top Accounts – The 500 most active accounts and prospects (default view)
Untapped Potential – Accounts or prospects with whom the rep has not yet interacted in Priority Engine
Viewed your Content – Accounts or prospects that have viewed or downloaded company content syndicated through TechTarget’s content syndication program
Visited your Website – Accounts that have visited the company’s website (Inbound Converter)
Confirmed Projects – Any projects that TechTarget has confirmed are active in the rep’s territory based on direct outreach
Favorites – Accounts or prospects that you have selected to favorite in Priority Engine
Finally, the platform now contains separate modules that support sales and marketing use cases.
According to LinkedIn, “The Great Reshuffle” has increased turnover amongst buyers and sellers, leading to greater deal risk. Over the past three months, executive departures (Director and above) have increased by 31% globally. Among sales reps, the rate is up 39%. Thus, the likelihood of a deal being delayed due to a key member of the demand unit or sales team leaving has grown sharply.
Before the pandemic, the standard decay rate of contact records was between 25 and 30%. If the rate has jumped by one-third, then the likelihood of a specific member of the buying committee departing over a three-month sales cycle is approaching ten percent. Thus, a demand unit with six members will likely have one departure every three months, increasing the need for executive change alerts, multithreading of deals, and a deeper understanding of the demand unit.
If the deal is more complex, the odds of delays and stalled deals due to executive changes increase rapidly. A six-month deal cycle with a dozen members of the demand unit (financial, technical, and functional decision-makers, purchasers, influencers, lawyers, compliance, etc.) could lose two or three members. And that doesn’t even factor in the risk of churn on the vendor side. What’s worse, single-threaded sales reps have close to a 20% risk that their champion leaves the company or assumes a different role over the deal lifecycle.
The renewal math becomes scary as well. If the customer success team regularly interfaces with four individuals on the customer side, one or two of them may depart over the year, increasing churn risk. Furthermore, a higher churn rate among customers necessitates greater administrative and training tasks.
It shouldn’t be a surprise that 80% of sales reps have had a deal delayed or lost due to departures.
LinkedIn Senior Director of Global Sales James Burnette argued that multithreading is key to managing deal risk. “Multithreading – i.e., forming relationships with multiple people on the buying committee at an account – is always a best practice.” Burnette noted that sellers with at least four connections at an account are “16% more likely to close a deal with that company, compared to sellers who have less than four connections.”
“The most beneficial thing you can do right now is to learn how to master multithreading,” JB Sales Training Director Morgan Ingram said. “Gathering champions, influencers, and talking directly to the decision-makers is the key to success when it comes to closing deals faster in a difficult environment.”
Conversely, departures can foster relationships at new accounts, so knowing that a key demand unit member has departed is important for both risk mitigation at current opportunities and accounts and building relationships at new organizations. LinkedIn can both flag executive departures and maintain an open line of communications with a champion after he or she has settled into a new position.
“Resources are scant with so many people exiting key roles, so there are opportunities where they might not have been opportunities in the past,” Assist You CEO Robert Knop said. “Look through your connections – there are uncovered sales there.”
Lori Wizdo, Principal Analyst at Forrester, predicts that the Great Resignation will also impact marketing teams, with CMOs assembling more virtual teams consisting of freelance talent, fractional executives, and agency partners.
“We’re seeing clients in places like the Midwest having trouble keeping the talent they’ve built because their team members can get 25% more by working remotely for a New York agency. The distance and untethering from our geographies give people a lot more options, and they will minimize their pain and maximize their gain. So, there will be some stress on those internal competencies.”
Job turnover is likely to continue in the near term. The labor market remains out of balance with 100 open jobs for every 75 unemployed professionals, driving the quit rate to 4.4 million in September, a record high.
“You’re essentially seeing demand continuing to increase without an offsetting increase in talent,” Ryan Sutton, a district director at staffing company Robert Half International. “Until some new talent comes in, until we get employees who are on the sidelines back into the market, it’s very likely this is going to continue.”
The name of the game in Revenue Acceleration is Digital Engagement. There are many forms of engagement that are now being captured (emails, chat, meetings, webinars, etc.), but offline events seemed to be beyond the scope of capture; however, Chili Piper, the calendaring company, has designed tools for scheduling meetings at trade shows and from trade show floors.
The new Chili Events service offers an “all-in-one Event Meetings Management solution for generating more meetings and maximizing ROI from in-person conferences and trade shows.” In short, Chili is looking to facilitate meetings and gather engagement data from in-person events.
As in-person events return, it is vital to gather registration data as event attendees are likely to be part of the demand unit. According to Chili Piper, “81% of conference and trade show attendees have buying authority.”
“In-person events are hugely important for B2B revenue teams,” said Chili Piper CEO Nicolas Vandenberghe. “With Chili Events, we’re making it possible for marketing and sales to not just automate booking conference and trade show meetings with key prospects and customers, but to treat those meetings like any other digital touchpoint in the customer journey, with quantifiable results and data.”
Chili Events features include URLs to pre-book meetings, meeting space availability, unified meeting calendars, automated reminders and rescheduling via email and SMS, and an event management dashboard. Chili Events are integrated with GSuite and Outlook365. Additionally, check-ins and no-shows are synced to Salesforce Campaigns.
Chili Events also supports meeting scheduling from trade booth floors via QR codes for mobile phones, computers at the booth, or register on the prospect’s behalf via Chili’s Instant Booker Scheduler.
Engagement intelligence supports multiple revenue acceleration features including engagement scoring, deal health signals, and deal risk alerts. It can also be used to identify and upload missing contacts in the CRM and build out the buying committee.
Zylotech CTO Abhi Yadav will be Terminus’ Head of Platform Development. Yadav is also a Guest Lecturer at MIT Sloan School of Management.
The deal is Terminus’ fifth acquisition, backing up Gartner’s SalesTech Mayhem thesis that a handful of companies are quickly grabbing market share through strategic acquisitions and high levels of internal investment that fill missing capabilities.
Terminus’ acquisitions have focused on expanding the core capabilities of the company, not taking out competitors. The other acquisitions were
While CDPs are generally deployed to create a single view of the customer, David Raab, Founder of CDP Institute, commented that the Terminus CDP “will tie together the data silos that would otherwise result” from the acquisitions.
“CDP is becoming more widely adopted in B2B, as companies recognize their marketing automation and CRM systems are not enough to provide true data unification and sharing,” said Raab. “By acquiring Zylotech, Terminus positions itself – and its clients – to take full advantage of the capabilities that a CDP provides.”
While data usage and spending are rapidly increasing, few marketers trust their data. A 2017 Forrester survey found that only 12% of B2B marketers have high confidence in their data accuracy, and 84% identified data management as a top-five weakness.
“The key to a successful CDP is trust,” blogged Zylotech Director of Revenue Marketing Alex Bistran in August. “Sales, marketing, and customer experience teams need to trust the data stored in their CDP to drive decisions, whether it’s deciding which accounts require immediate attention or which campaign messaging is most likely to resonate with a particular customer. By constantly refreshing data from your own customer interactions and combining it with validated, third-party B2B data to accurately reflect your contacts and accounts, a CDP provides a clean stream of actionable data that can be operationalized to flow through your marketing, sales, and customer service channels. And, importantly, that can lead to a healthier revenue stream too.”
“B2B CRM data is painfully inaccurate and incomplete, and manual efforts to clean, deduplicate, and activate are slow and expensive. This leads to poor conversion rates, an incomplete view of buying committees, and misleading ROI,” stated the firm.
“Bad data in equals bad data out. Period. We’re entering a marketing revolution – data really is the new oil, and Terminus is sitting on a gold mine. Under Matt’s leadership, Terminus CDP is poised to change the game for our customers. This level of data accuracy is critical for B2B GTM teams looking for a unified view into their customers. I’ve never been more excited about the future of marketing.”
Terminus CEO Tim Kopp
The Terminus CDP addresses the issues of bad data with auditing, cleansing, enrichment, and data management capabilities “backed by the industry’s largest global network of decision-makers and Buying Committees.” Furthermore, Terminus CDP “dramatically” improves data accuracy, campaign effectiveness, and “wasted sales cycles.”
“We are in the golden age of marketing. The breadth of technologies helping us create great experiences has never been so impressive. But, what are all those customer experiences predicated on? Data,” blogged Kopp. “With Terminus CDP, our customers will have their most important account and contact data continuously cleansed and enriched. The result: our customers will be able to put their trust in their data, unleashing their go-to-market teams to accurately engage buying committees every time.”
Continued Kopp, “We’re entering a marketing revolution. A time when sales and marketing teams don’t have to worry about data and can dedicate their energy to create phenomenal experiences that turn into pipeline. I have never been more excited about the future of marketing.”
“Since our early days as an MIT spinout, Zylotech has been focused on delivering the data and intelligence go-to-market teams can trust and take action on,” said Yadav. “Upon meeting Terminus, it was obvious that we shared a common vision. We are proud to join Terminus and this incredible team to jointly improve the accuracy of B2B data.”
Terms of the deal were not disclosed, but Kopp described it as a “big deal” that is a “really, really important acquisition.” The Indianapolis Business Journal said that Zylotech was its largest deal to date. The transaction was financed with funds from a $90 February venture round.
Enterprise clients include Google, Palo Alto Networks, Cisco, Dell, and Rimini Street.
Sales Engagement Platform Groove announced a new Auto Contact Capture feature that identifies missing Salesforce contacts cc’d on emails or meeting invitations. Groove helps fill out the buying committee, capturing intelligence around members at the periphery of deals while reducing rep data entry overhead.
Beyond demand unit identification, Auto Contact Capture monitors engagement across the buying committee. “This ensures that every contact involved in the buying process receives a consistent, timely, and relevant experience from their first engagement,” wrote Groove.
“Now more than ever, businesses need to be able to get a complete picture of their sales pipeline in order to maximize revenue,” said Groove CEO Chris Rothstein. “By consolidating revenue intelligence and advanced activity capture into one unified sales engagement platform, Groove empowers businesses to close more deals and intelligently refine their sales processes.”
Groove captures and logs revenue intelligence from emails, calendars, meetings, and LinkedIn communications. Users control which categories are captured and logged to leads, contacts, accounts, opportunities, and cases. While Groove does not offer direct contact enrichment, records can be enriched through subscription partners such as ZoomInfo.
To ensure data integrity, Groove performs duplicate checking that begins with the email but includes additional heuristics. Groove will not create a contact if the email does not match a domain already existing as an account in Salesforce. Groove also maintains user and domain-level blocklists to ensure that only relevant business contacts are created via Auto Contact Capture.
Groove does not provide user alerts concerning captured records, but “it’s easy for reps to identify contacts that have been automatically added to Salesforce,” Groove Director of Communications Jason Klein wrote to GZ Consulting. “Each contact created through Auto Contact Capture has a custom Groove field that is marked as true (Is Created by Groove), allowing for quick analysis and reporting on all contacts created through this new feature.”
Groove has focused on expanding its revenue intelligence capabilities over the past year. Recent enhancements include activity sync, reporting, and analytics features. In March, the firm rolled out real-time opportunity and pipeline management and enhanced ROI reporting.
“Through this expanded capability set, Groove enables revenue leaders to make real-time, data-driven business decisions based on real campaign results at both the individual and team level,” stated Groove. Groove is built natively in Salesforce and uses SFDC as its data store, acting as an engagement layer on top of Salesforce. Thus, there is no data sync process between Groove and Salesforce.