Stratbeans witnesses 70% growth in Revenue Year-on-Year in FY 2019-20, targets 150% growth this year
CIOReviewIndia Team | Thursday, 30 April 2020, 09:55 IST
Stratbeans, a company that drives digital transformation through AI-based online learning, today announced that it has marked a concrete growth of 70% and aims to grow up by 150% by 2021. The company’s growth is driven by its digital transformation services in the corporate world across industries like Healthcare, Manufacturing, BPO, Hospitality, Banking, Finance, and Insurance.
With its innovative e-learning solutions such as Learning Management Solutions (LMS), Gamification, DIY (Do-it-Yourself), AI-enabled and chatbot-based learning, the company aims to deliver the absolute best customer experience, product knowledge and shopping delight to its consumers across channels. With more than 150 clients in India, Middle East, and the USA, Stratbeans has created a step-by-step digital learning strategy and has empowered them to train their employees and upskill the existing ones without manual intervention. The exclusive partner of Articulate 360, Stratbeans with its LMS has helped one of the largest steel companies and India's leading online lingerie retailers to manage their entire learning and the training process to perform better for their business growth.
With its continuous focus on creating an impact for clients across all geographies, Stratbeans has achieved phenomenal growth in each of its business areas such as Sales Capability enhancement (gamified platform for coaching and role play), Machine Learning-based LMS and Video course development services. The company is also consistently increasing its workforce in its sales department with experienced leadership level professionals, in order to expand business reach and more conversions.
Commenting on the growth, Sameer Nigam, CEO, Stratbeans said “We are pleased to announce that we have achieved positive growth during this transitional year. Stratbeans is committed towards providing quality e-learning solutions which further enable us to target triple-digit rise in the overall business. We believe that our constant focus on industry specific solutions and innovation keeps us ahead and we will continue to implement the growth strategy at a fast pace in the coming years”.
In order to strengthen its foothold in the market, Stratbeans is planning to expand its physical presence in Europe and the US with the launch of new products including Knowledge Management Solutions and Gamified Learning Collaboration platforms. During the year 2019-20, Stratbeans has also been honored with many awards for creating and implementing a series of interactive e-learning solutions for a number of enterprises. The company has also been acknowledged as the fastest growing partner of Articulate Awards this year successively for the third year in a row.