Keeping on the gifting theme, Boston-based Alyce announced a partnership with Salesloft to support “smart gifting” on the Salesloft Sales Engagement Platform. The partnership lets sales and marketing teams natively send gifts through Salesloft.
Alyce appears within the Salesloft People page side panel, where reps can select a gift and personalize the message. Gifting options include physical gifts, gift cards, subscriptions, branded swag, on-demand services (e.g., in-home massage, portrait session), experiences (e.g., walking tours, helicopter rides), and donations. Alyce’s AI suggests three gift choices, but reps can select other choices from the marketplace.
“Actionable insights, seamlessly integrated together can help your sales team say the right thing, to the right person, at the right time with the right gift to drive action that’ll ensure your team hits your targets month after month,” wrote Alyce.
A gifting history provides details on which gifts have been received and how the prospect engaged with the gift, helping revenue teams “optimize follow-up to drive greater impact.”
Alyce employs AI to assist with gift selection from its curated global marketplace. Alyce recipients are sent a physical or digital notification of a gift, which they can choose to accept, exchange, donate, or decline.
“Our partnership with Salesloft is such a natural match. We are both committed to enabling revenue teams to build strong relationships and improve business results with the help of smart technology. At Alyce, we are thrilled that our integration with Salesloft is giving marketing and sales teams new gifting superpowers right in their workflow that will allow them to deliver meaningful moments, increase revenue, and create greater impact.”
Alyce CEO Greg Segall
In a case study, Salesloft enjoyed a 50% increase in alignment between BDRs and strategic marketing with Alyce and drove a 9% increase in meeting attendance. Furthermore, twenty percent of gifts sent resulted in new opportunities.
“Through the platform, we have uncovered an increase in the sales team’s ability to sell to our target personas,” stated Nabiha Balala, Senior Manager of Enterprise Marketing at Salesloft. “Alyce has been such a game-changer. It’s organically become part of our everyday sales process.”
Alyce’s physical gifting is currently limited to the US and Canada. However, gift cards may be sent to the US, Canada, Britain, and Ireland.
Alyce raised a $30 million Series B in April.
I’ve been running a series on Offline Marketing Automation (E-Gifting and Event Marketing) this week: My other posts:
The Postal market supports 600 vendors, providing them with a corporate sales channel without spending on corporate channel marketing. Their vendor network is growing organically through word of mouth. Last month they added 149 vendors.
“Vendors can add their products to the Postal Marketplace and get direct access to B2B buyers as their preferred corporate sending partner,“ Product Marketing Director Allyssa Eclarin explained to GZ Consulting. Items can be purchased off-the-shelf or customized. For example, companies can send cookies with corporate logos or baby gifts with the child’s name or curated boxes for special occasions.
“People don’t necessarily want another Starbucks gift card. They want to hear that you heard them, that you value them, and that you understand their interests. Maybe you send them a mug of their favorite sports team or where they went to college, or a new baby bundle. Personalization matters. And that’s what we’re finding is people are getting more personalized than ever. People are automating this channel, and it’s working.”
Postal Director Product Marketing Director Allyssa Eclarin
Furthermore, now that we are entering people’s homes via Zoom, there is a greater level of intimacy for personalizing gifts.
Postal also supports automated direct mail, incentive marketing, brand advocacy, internal and external events, and branded company swag. CRM and MAP partner platforms include Salesforce, Marketo, HubSpot, and Eloqua.
For Salesloft and Outreach, Postal may be added as a sequence/cadence step, streamlining the gifting process. Gifts may be sent via email, social, direct message, or direct mail, with Postal tracking gifts and supporting analytics such as the cost per touch. Postal also offers a “Magic Link,” a unique URL that can be inserted into an email or social channel. For example, reps can send gifts through a DM and avoid the “what’s your email?” discussion with a magic link. The link is then tracked for shipping, attribution, budgeting, and analytics. Magic links can also be used for “send on behalf of” situations (e.g., an SDR building a relationship for the AE).
With face-to-face meetings stopped during the pandemic, e-gifting and personalized gifts are among the few methods for building goodwill and generating positive memories. Offline marketing platforms such as Postal, Sendoso, PFL, and Alyce have seen robust growth over the past eighteen months as sales reps struggle to build relationships.
Traditional gifting has been cumbersome and difficult to track, but offline marketing platforms streamline gift selection, logistics, and tracking, letting reps know when a gift has been received. Gifting serves multiple purposes: establishing a relationship, rewarding webinar attendance, keeping in touch with a champion during an absence (e.g., health, maternity / paternity leave), or maintaining goodwill (e.g., holiday gifts, birthday gifts).
“As marketing becomes increasingly technical and formulaic, businesses are struggling to create moments that break through the noise. The adoption of digital marketing has ironically made it harder than ever to truly connect with consumers. Postal is among the first to personalize marketing automation by creating a bridge between a boutique front-end marketplace and the established systems already embedded in most marketing technology stacks. The friction between offline and online marketing disappears, making it simple for brands to build more meaningful connections with consumers in any industry.”
Eugene Lee, OMERS Ventures (Postal.io investor)
Along with the funding round, Postal announced a set of product enhancements:
Domestic and international warehousing for branded products.
International gifting across seventy countries with wallets and pricing in local currencies.
Postal Events, launched in February, supports hybrid teams. Postal Event enhancements include custom event images on event pages, customized event email templates and messaging, custom form fields on registration pages, and integration of Postal Events with Salesforce Campaigns.
Calendar booking on gift landing pages
Postal.io posted 10X ARR growth year-over-year and added over 250 new customers and 4,000 users. The firm is based in San Luis Obispo.
Postal and its competitors disagree on their category name, with terms such as Tactile Marketing, Sending Platform, and Personal Experience Platform. Postal uses the category name Offline Marketing Automation. The G2 review site has the firms categorized as Account-Based Direct Mail Software.
Postal customers “get it.” They say, “you’re going to automate this channel that I know works. I’m already spending the money, but I have no way to attribute it, track it, push it back, check the ROI, or anything like that without a platform. Now, with Postal, they can, and customers are resonating with the term ‘offline marketing automation’,” explained Eclarin. “We’re seeing the same thing happening to our category as we saw with email marketing automation boom, with the rise of MailChimp and the like. We have given teams an automated, scalable, and repeatable way to manage their offline channels. “
A Postal license runs across the company with no per-seat pricing. Instead, admins set up individual and departmental budgets. Thus, the HR department can leverage Postal to build camaraderie (e.g., events), welcome new employees with swag packages, and express congratulations (e.g., baby, company anniversary). Likewise, managers can send gifts to reward performance.
Building camaraderie during WFH has become increasingly important for Postal. When events launched, roughly 70% were for marketing and 30% for team building. However, as Zoom fatigue settled in and the pandemic slowed the return to offices, companies began looking for fun team-building exercises that avoid Zoom burnout. Thus, corporate event volume has moved closer to parity with marketing events.
This is the third in a series of articles on Offline Marketing Automation (i.e. e-gifting and digital event marketing).
At this month’s Salesloft Virtual Customer Summit, CEO Kyle Porter and CMO Sydney Sloan unveiled the “Modern Revenue Workspace” to their customers and prospects. Porter described the Modern Revenue Workspace as “a system where sellers and sales teams come together to collaborate, execute, and serve their customers more than ever before.”
Echoing Gartner’s recent discussion of SalesTech Mayhem, Porter noted that “Sellers and sales teams are moving from lots of tools they HAVE to use to one workspace they LOVE to use.”
“We continue to see a world where sellers are loved by the buyers they serve. And we’re here to equip these sellers to maximize revenue while delivering their customers with an incredible experience. This is the mission and vision of Salesloft, and they have not changed one bit, but what has changed is sales is that sales is now digital first, team oriented and about solving problems. Sales excellence has shifted from being well connected to being well informed and enabled.”
Salesloft CEO Kyle Porter
Salesloft also updated its marketing with new colors (Hunter green, lime, and white), logos, and a simplification of the name from SalesLoft to Salesloft without the capital L. The company has also begun using a chartreuse period at the end of the logo to emphasize that “All you need is Salesloft. Period.”
“Our new look shares a story bigger than a sales transaction, and our new wordmark tells that story in a single word. No matter who you serve or what you sell, Salesloft empowers you with everything you need to succeed — full stop,” explains the new site. “The new fully custom wordmark is a technically sound serif at its core with flashes of humanity in the way the letters connect. Within its forms, each of our brand attributes is exemplified: best-in-class, energetic, and sincere.”
“Helping sellers and sales teams is at the heart of everything we do,” said Sloan. “We have a new look, and we’re telling a new story about sales. We know to reach their highest potential, sellers need a partner that cares about their aspirations and helps them achieve something greater. That is Salesloft.”
The new color palette and logos are reflected in a refreshed UX the firm has dubbed the “Modern Revenue Workspace.” The workspace includes a simplified search bar and icons and greater integration of core functionality across reports and views. In addition, the Activity Feed “has been optimized with advanced filtering, quick actions, pinned notes, and review content directly from your Person and Account pages.”
With more than ninety percent of selling activities now digital, sellers are overwhelmed with too many tools and disconnected platforms, channels, and data sets. There are now over ten thousand SalesTech and MarTech offerings, yet sales reps continue to struggle to meet quotas and manage all of the demand on their time. As a result, they spend the typical day struggling with the basics:
With all of this platform and channel switching, reps are hard-pressed to be value-added professionals, finding it difficult to properly research prospects, dig into buyer pains, research the industry, eat, and spend time with family.
“The speed and complexity of digital sales is creating chaos,” commented Salesloft VP of Product Management Frank Dale. Companies have two options for addressing digital chaos: more of the same or adopting a unified Modern Revenue Workspace such as Salesloft.
Dale argued that more of the same is not sustainable. Instead, it requires ever more disconnected tools and additional hours.
“We’re seeing a new class of sales leaders who are choosing to rise up and beat back the chaos and simplify their sellers’ lives – one where they stop just providing more tools to use and focus on giving them the right ones. They know their teams will do more, win more, and ultimately serve their customers better if they give their sellers the tools and experience to thrive.
These sales leaders realize that winning isn’t enough. They know the way you win matters. Success isn’t just hitting your number. It means having a fulfilled life. It means not living in chaos. The selling experience matters – not just to sales people, but also to their buyers.”
Salesloft Product Marketing VP Chris Mills
Continue to Part II with an additional discussion of Gartner’s “SalesTech Mayhem” and Salesloft’s new release.
CEO Kyle Porter launched SalesLoft nearly ten years ago and the SEP Cadence product (its flagship) in late 2014. To recharge and reflect, he took a sabbatical earlier this summer to his family’s tangerine grove.
“One of my biggest conclusions was that I’m given this thing another ten years. So I’m committed to running this business and outlasting and out-executing and out-innovating others in the market.
Another one of those conclusions was [that] we don’t really compare ourselves to the competition. We focus entirely on our customers’ needs, and delivering them the best digital sales combination and workspaces that ever existed…I see all of these companies as different than SalesLoft. We’re very unique. We’re unique in the way that we show care for our customers and each other. We’re unique in the way we innovate and bring new ideas to market and trailblaze the path for digital sales. We’re unique in how we combine these multiple different new, impactful digital solutions into one workspace for our customers.”
SalesLoft CEO Kyle Porter (GZ Consulting Interview 8/20/21)
Porter is “exploring multiple options” to remain an independent business and continue growing SalesLoft’s market presence. Doing so entails getting “better and better over time at serving our customers [and] at innovating in the marketplace.”
The firm is also preparing for a future IPO. “We’re going down the road to build a public business prior to being a public business,” commented Porter. “And so we’re putting that governance in place [and] those financial controls in place. You see the independent board member being added. We’ve got an opportunity to continue that with an audit committee chair and another independent board member.”
“I’d love this to be a public business,” continued Porter. “And if that’s what’s right for the company, that’s what will happen.”
Porter is also proud of his ownership structure, saying that SalesLoft has the “cleanest cap table” and fewest investors amongst companies in the space that have reached scale. The presence of Jason Green of Emergence Capital and Jeff Horing of Insight Capital also gives him confidence. Porter views them as “invest and hold” partners. Both serve on SalesLoft’s Board.
Porter has a great deal of respect for ZoomInfo CEO Henry Schuck, whom he met at Dreamforce in 2013. “It’s amazing to see what they’ve done. He’s an inspiration and role model for us, definitely a different business with data at the core. We no longer do data. And they’ve moved into the application space. But this is a giant market, and [in] some of the areas they play, we’ve got more experience and capabilities and history and lessons learned and edge case analysis that we’ve been through. And in some of the areas, primarily the data side, he’s got more experience and capabilities. So, we’re excited to see what they’re doing. I love reading his quarterly reports and learning what’s on his mind. He and I stay in touch regularly. It’s a joy to be in the category with people you love and respect.”
Porter would like to return to live conferences but expects to initially host “smaller, more intimate settings” such as a fifty-person CRM summit or a sales operations leader event. Later on, Porter looks forward to hosting large events again, such as their 2,000-person Atlanta Rainmaker conference held in 2019.
Last month’s InStereo acquisition is going “incredibly well.” The acquisition of one of its service partners brought SalesLoft “capabilities to serve our most critical enterprise customers.” The purchase was prompted by feedback from their joint customers who told Porter “how amazing” the InStereo team was in delivering “critical experiences to help them push the boundaries of modern revenue.”
Furthermore, “there were just such good relationships” between the companies that it allowed everybody to “hit the ground running once the transaction closed. SalesLoft employment has grown 50% since the beginning of the pandemic and now stands at 615 headcount.
(Continued from Part I)SalesLoft also announced that Calendly’s founder and CEO Tope Awotona joined SalesLoft’s Board of Directors. Both RevTech firms are based in Atlanta. Porter and Awotona met seven years ago at Atlanta Tech Village.
“It was clear from day one [that] he was an incredible leader who had a clear vision harnessed around delivering delightful customer experiences,” posted Porter on LinkedIn. “Most of us know the success of Calendly and have learned of Tope‘s fascinating story. We’re stoked to partner together and grow from his strategic wisdom, leadership learnings, and product-focused excellence. Our ultimate goal together is helping our current and future customers deliver revenue excellence at scale.”
Porter and Awotona discussed potential conflicts of interest, but those concerns were laid aside. While SalesLoft has calendaring features similar to Calendly, SalesLoft maintains an open architecture and partner ecosystem with Calendly as a partner.
Porter echoed a recent Gartner observation that SalesTech is in a period of “mayhem” where customers are looking to consolidate their revenue platforms to simplify workflows and operations. Porter sees SalesLoft as being at the vanguard of this preference for broad, open platforms.
“There’s been massive trends towards digital selling that have taken place,” said Porter. “And then there’s another trend that we’ve seen emerge, which is companies have been using so many different revenue tools, but they really want to consolidate on a very few that they love, and that’s where SalesLoft comes in.”
Continue to Part III which discusses Porter’s long-term plans for SalesLoft.
Sales Engagement Platform SalesLoft announced that it hit the $100 million ARR mark, following 50% growth over the past year. Since announcing its unicorn valuation in January ($1.1 billion), the firm has grown revenue by nearly 40%. Last quarter, it “far exceeded its financial plan.”
It took roughly nine quarters to double their ARR.
SalesLoft ranked 1210 on the Inc. 5000 2021 list. SalesLoft revenue grew 401% over the past three years, a 71% CAGR.
“Everything we’re doing is coming back to, ‘how do we empower our customers to deliver their customers with an amazing sales experience?'”
SalesLoft CEO Kyle Porter
SalesLoft, which opened an EMEA office in April 2019, has grown revenue 125% in the European market over the trailing twelve months. It plans to increase its European staff by 120% over the next year and open a German data center.
Its top markets in EMEA are the UK, Ireland, France, and Germany.
SalesLoft benefited from being the first SEP with a European office. While the revenue team can create content in any language, the UI remains English only. Their NLP is English only, but Porter anticipates supporting additional languages for conversational intelligence “in a very short time.”
SalesLoft is also enjoying strong growth in APAC even though it lacks a physical presence in the region.
“While we don’t have physical locations in Asia, we have many customers there and in Australia,” Porter told GZ Consulting. “We have many customers that are US-based businesses with operations there. So we’re global in our customer base and usage of the application, but we don’t have feet on the street in the Asian or Australian market yet.”
The pandemic has driven demand into new segments as companies are looking to establish new communications channels with the loss of trade shows and face-to-face meetings. Customer growth has been “across the board.” SalesLoft has “really expanded to Main Street” as firms realized they needed to adopt a “digital sales motion.”
The pandemic “brought about some, incredible businesses that traditionally took a little bit longer to buy Sales Engagement,” explained Porter. “We’ve got companies like 3M and Liberty Mutual and McGraw Hill and S&P and carpet manufacturers. It’s moved outside of tech to manufacturers, health care, financial services, [and] a number of different professional services. That’s been one of the great lessons learned post-pandemic.”
“As companies have pivoted to a full digital selling motion, SalesLoft has become a mission-critical partner and platform,” wrote the firm. “Only SalesLoft combines the three most critical products in digital selling – Cadence for managing multi-channel communications, Conversations for recording and analyzing meetings, and Deals for managing opportunities and pipeline.”
Continue to Part II which discusses the addition of Calendly CEO Tope Antowana to SalesLoft’s board.
There is no lack of companies and their CEOs that go through the motions of woke capitalism, turning it into performative theater to satisfy customers, partners, and investors. Only over time do you see which firms are sincere in their efforts at stakeholder capitalism and which ones view such positions as a way to goose profits and burnish their image.
BP was a perfect example of greenwashing until they befouled the Gulf of Mexico.
I’ve known Kyle Porter, CEO of Sales Engagement Platform SalesLoft, for about nine years. I was impressed when he mothballed his first product because it wasn’t aligned with his belief in sales authenticity. It was a gutsy move. While he didn’t burn his boats (i.e., immediately remove the product from the market), he stopped selling the service and phased out the product while fulfilling current contracts.
Early on he set out five principals for his company. He has discussed them at user conferences and posts them on SalesLoft’s company page:
So when Kyle announced that SalesLoft was internalizing the cost of its carbon footprint by paying for carbon offsets, I asked him about it. He framed the discussion as part of a broader social mission:
“From the beginning, this has been a mission-led business. I didn’t found a company because I wanted to make money in sales, I founded a company because I knew that a business would be the greatest vehicle that I could create to make an impact on the world. And that starts with our customers and changing their lives. It extends to our employees and providing them with a place where they can learn more, grow more, do more, find fulfillment, and serve others. And that extends to our ecosystem and the places that we serve.
If I’ve got influence and capabilities, why not yield those to make the world a better place at the same time…
Einstein said the purpose of life is to serve. I believe that a leader’s role is to serve, and I believe that I’ve been entrusted with a unique story, with capabilities, with resources, with a great business. And it’s my job to be a steward of that and use it to make the world a better place.
So when you look out, you see that we emit 35 billion metric tons of carbon, and SalesLoft is emitting carbon, as well, through our server ecosystem, through our travel, through our office space HVAC. We have an opportunity to take it seriously, and we have an opportunity to have a net-zero impact on the world, then we’re going to take that.
Fortunately, we were able to find a great partner [Green Places] who helps us offset our carbon footprint, and commits us to operating in an energy efficient way.
We stand for something. We act on it. It’s one of the many things that we want to do as a business.”
SalesLoft CEO Kyle Porter (Interview: Michael Levy 8/20/21)
Now, I’m hoping that Green Places keeps Kyle’s feet to the fire on his promise to be carbon neutral. Simply paying for offsets should only be the first step in meeting environmental objectives. The real progress happens when a company works with its employees, vendors, and partners to reduce their carbon emissions. I have no doubt that Kyle is sincere, but even those with the best of intentions need to be advised on next steps and best practices. Just as SalesLoft provides Guided Selling and Next Best Actions to sales professionals, advisory services such as Green Places need to provide Guided Leadership and Next Best Actions to C-level execs.
The SalesTech space is fortunate to have some mensches at the helm (Kyle Porter, Henry Shuck at ZoomInfo, Manny Medina at Outreach, Jeff Weiner at LinkedIn [retired]). Sales has often been a highly competitive, self-serving profession (“coffee is for closers”). Having executives with a stakeholder perspective that preach and implement authenticity, privacy, diversity, collaboration, career development, and environmentalism positions their companies against the stereotypes of the sales profession and helps advance the profession.
Sales Engagement Platform vendor SalesLoft released a pair of reports that assist with attribution and deal engagement: Outcomes Dashboard and Cadence Outcomes. SalesLoft claims that it is the “only company that can tie customer touchpoints and activities to actual revenue outcomes like deals won, revenue per customer, and revenue per reps.
Unfortunately, “sales outcomes have been notoriously hard to track within the industry, especially over the past year when sellers worked remotely. They’ve joined data about buyer engagement + opportunity data and put it…front and center in SalesLoft. Now, teams are better equipped to know what’s working so they can stop guessing and get better results.”
Kaelen Delaune of PR firm Kickstand Communications
The Outcomes Dashboard associates the last activity to revenue. The new dashboard helps managers identify top performers, focus on opportunities for improvement, and coach toward desired outcomes.
Traditionally, sales metrics focused on how many calls were made, emails sent, appointments set, and meetings held. While this intelligence is useful, it measures process inputs, not their efficacy. By associating these inputs with results, managers can identify which activities are moving the revenue needle and which ones are sub-optimal or under-deployed by reps, requiring coaching.
“Every sales team is trying to drive outcomes, not activities. Until now, outcomes have been hard to track,” said Ellie Fields, Chief Product Officer for SalesLoft. “When teams know what’s working, they can stop guessing and get better results.”
The Outcomes Dashboard helps managers project where they stand versus plan, identify the top performers and those in need of coaching, and improve forecasting.
Cadence Outcomes identify which cadences are driving meetings booked and opportunities created, helping managers and reps fine-tune and run cadences that move deals forward.
“Now that we have outcome data, we can provide richer analytics. The Outcomes Dashboard lets managers see how their teams are performing versus goals. We continue to invest in data insights for customers, through analytics like the Outcomes Dashboard, and through explainable AI, like the Deal Engagement Score, which is also now available.”
Ellie Fields, Chief Product Officer at SalesLoft
In a conversation with GZ Consulting, Fields emphasized the value of multi-channel cadences, noting that multi-channel approaches provide a forty percent lift in outcomes. Thus, SalesLoft is looking to “make it as easy as possible to sell” through the deployment of “multiple channels across a single platform.”
The Outcomes Dashboard and Cadence Outcomes are available in all of SalesLoft’s packages. SalesLoft also released Deal Engagement Scores to GA. These employ over thirty factors for evaluating engagement across cadences and deals.
Last week, SalesLoft acquired InStereo, a professional services partner. InStereo provides go-to-market and implementation strategy for SalesLoft, HubSpot, and Salesforce.
Sales Engagement vendor SalesLoft announced that it acquired professional services partner InStereo. InStereo, founded in 2018 by Bill Galfano and Adam Post, was an early ecosystem partner that has grown alongside SalesLoft. Last year, SalesLoft named them their “Partner of the Year.”
“We were impressed by their focus on what the customer is trying to achieve,” SalesLoft President and Chief Strategy Officer Rob Forman told GZ Consulting.
As a partner, InStereo helped “B2B Sales and Marketing teams better engage with buyers to create more demand, authentically engage prospects, and convert prospects into delighted customers.”
“Bringing InStereo directly into the SalesLoft family is a key way we are investing in our customers’ success. Our customers will benefit from InStereo’s deep understanding of buyer journeys and engagement strategies. Their experience and proven enterprise methodologies will help customers operationalize the SalesLoft platform and accelerate the value of Sales Engagement across their entire revenue organization.”
SalesLoft CEO Kyle Porter
InStereo focuses on go-to-market and implementation strategy for SalesLoft, HubSpot, and Salesforce delivered through a pair of consulting services:
“We believe customer journey maps are more than just wall art,” states InStereo. “We create buyer journeys you can activate. By understanding how buyers approach the purchase process, sales and marketing teams can better align people, process, and content to deliver just what buyers need, when they need it.”
Buyer Engagement Services pairs clients with a Strategist and Revenue Consultant to assist with enterprise software implementations. For SalesLoft, they focus on “1:1, personalized engagement via cadences” and process automation. For marketing automation, InStereo assists with nurture campaigns and optimization, and for CRM, they focus on leveraging CRM capabilities and improving data quality. Other services include SalesLoft Admin as a Service and sales development services.
“At SalesLoft, our goal isn’t to just sell software; it’s to help our customers exceed their revenue goals,” said SalesLoft CRO Steve Goldberg. “Too many times software companies focus on features and technology, not the success of their customers. InStereo shares our passion for helping our customers get the outcomes they’re looking for.”
InStereo’s customers skew towards enterprise implementations. SalesLoft “plans to take their methodologies into new areas of our business,” expanding InStereo beyond the technology vertical into financial services, SalesLoft’s second-largest vertical.
InStereo has completed over 150 customer engagements. Joint customers include Cargill, Pegasystems, and 3M.
“This past year we tripled our investment into our alliance organization and programs because empowering our partners leads to success for our customers,” said Forman. “InStereo leveraged the power of our partnership and consistently drove incredible outcomes for our mutual customers.”
All twenty InStereo employees will be joining SalesLoft, including their two founders and Carrie McGrew, InStereo’s VP of Strategy. In addition, Galfano will be joining the CRO Leadership Team as the SVP of Consulting Services.
SalesLoft did not provide any pricing deals on the acquisition.
Sales Engagement vendor SalesLoft announced Deal Engagement scores, a “machine-learning capability [that] gives frontline managers an unbiased way to prioritize deals based on the calculation of over 30 data elements captured across Cadence, Conversations, and Deals.”
Instead of a black-boxed score, SalesLoft provides recommendations and an explanation of the score, helping sales managers identify opportunity issues and risks and take actions to improve close rates. Thus, Deal Engagement Scores serve as early warning signs that deals may be going south, allowing them to take proactive actions that improve close rates.
Deal Engagement Scores are shown over time and include a set of stage progression indicators such as days since the last meeting, days until the next meeting, and close date pushes. A seven-day summary details recent engagement activity and deal progression.
“It’s not enough to have just a Cadence product,” said Frank Dale, SalesLoft’s SVP of Product Development. “With Cadence, Conversations, and Deals on one platform, we collect data across the full buying cycle, from the first email, every call, meeting, and communication, through to deal closure and renewal. Only SalesLoft can analyze all of this data to predict revenue outcomes. No other Sales Engagement provider can offer this.”
35 data elements are fed into their machine-learning model to prioritize and identify opportunity issues and risks. Engagement is measured across emails, phone calls, and meetings, with interactions measured by level. Over 120 million customer interactions were fed into the machine-learning model. As a machine-learning capability, the model continues to improve and adapt.
“Having this capability allows front-line sales managers an instant gut check on specific health for deals in flight,” posted CEO Kyle Porter on LinkedIn.
Deal Engagement Scores are available to early access customers with Deals functionality in the Enterprise and Sell plans. It will GA by June.