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Daniel Gripton • Sep 18, 2019

AppLearn secures $25M commitment from K1 Investment Management

AppLearn secures $25M commitment from K1 Investment Management


MANCHESTER – Sept. 18, 2019 – AppLearn, the global specialists in Digital Adoption Solutions, today announced it has secured a significant investment led by California-based K1 Investment Management (“K1”), a leading investment firm focusing on high-growth enterprise software companies. 


K1’s investment provides AppLearn with significant experience and resources to rapidly expand its global presence and further develop its innovative product suite known as its ADOPT platform. 


ADOPT is an AI-powered Digital Adoption Solution that helps world-leading organizations to optimize their investments in digital transformation. By assisting users with complex business processes, infrequently performed tasks and change management activities, the software enables companies to maximize return on their digital investment, providing measurable benefits in productivity, accuracy and speed. 


“Our vast experience in digital transformation, combined with the expertise and investment from K1, puts us in a very strong position to accelerate AppLearn’s growth plans,” said Mark Barlow, CEO of AppLearn. “The funding will fuel the delivery of our exciting product roadmap, as well as support further investments in sales and marketing to help us educate more global organizations about the role of Digital Adoption Solutions. We will soon be expanding our global presence with an office in Boston as well as actively hiring roles in Manchester across all departments. We are thrilled to be partnering with K1 to realize our vision in the next phase of the company’s growth.” 


Digital Adoption Solutions represent a growing market within enterprise software. Leading research company Gartner recently introduced a new technology category for Digital Adoption Solutions, recognizing AppLearn. Further, research completed by McKinsey revealed that the digital adoption market is an emerging space, driven by an increasing number of organizations struggling to make the best of their technology investments. A recent report found that approximately 80 percent of executives say that their organizations have begun digital transformations, but just 14 percent say that their efforts have made performance improvements. 


AppLearn’s solution is already enabling over 1million global users to realize the benefits of improved productivity, demonstrable ROI and increased employee engagement. 


Speaking to the benefits of AppLearn’s technology, Kerri Kovac, VP Organizational Effectiveness at Prudential Financial, Inc, said: “AppLearn ADOPT enables us to push communications to our employees, empowering them with the tools to quickly and easily access on demand, in-application help and learning. The analytics functionality is extensive and allow us to identify employee experience issues, trouble areas, waning levels of adoption and more. As a result, we can provide targeted support exactly where and when it is needed.” 


Mike Velcich, Principal at K1 added: “Since our first interaction with AppLearn, we have been impressed by their approach and vision to enabling better use of technology in the workplace, including the product’s ability to drive impact at some of the world’s most recognized companies. We fully believe in AppLearn’s ADOPT technology and its pioneering approach to digital change and we’re excited to support the team to strengthen its position within a growing market.”

 

Press contact: 

Andy Haywood, MC2 

andyh@thisismc2.com 

+44161 236 1352 


About AppLearn
 


AppLearn is a global software provider, with offices in Manchester, London and North America. Its growing list of international clients includes a variety of the leading Global Fortune 500 companies including Electrolux, Cushman & Wakefield, IHG, Abbott and Bell, supporting users in more than 150 countries and 34 languages. 


AppLearn has been pioneering the importance of digital adoption for the last decade. This deep experience of digital change and transformation led to ADOPT, the leading Digital Adoption Solution. ADOPT enables enterprise-wide change by providing modern, contextual digital training, in-application support and advanced usage analytics. To see ADOPT in action, visit applearn.com or https://www.linkedin.com/company/applearn-adopt/.


To view AppLearn’s open job vacancies, visit applearn.com/careers.


About K1
 


K1 builds category leading enterprise software companies. As a global investment firm, K1 assists high-growth businesses achieve successful outcomes. K1 invests alongside strong management teams that continue to guide their organizations on a day-to-day basis. With over 85 professionals, K1 changes industry landscapes by assisting with operationally-focused growth strategies. Since inception of the firm, K1 has partnered with over 110 enterprise software companies including industry leaders such as Apttus, Buildium, Certify, Checkmarx, ChiroTouch, Chrome River, Clarizen, ControlUp, Granicus, IronScales, Jobvite, Onit, Rave Mobile Safety, RFPIO, Smarsh and WorkForce Software. For more information about K1, please visit http://www.k1capital.com or http://www.linkedin.com/company/k1im​​​​​.


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Daniel Gripton

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By Ella Drimer 03 May, 2024
The five barriers to digital adoption in 2024 Achieving a unified digital employee experience that powers high-order productivity is an ongoing journey. It requires the ready embracement of emerging technologies and an ability to adapt to evolving workforce dynamics. For several years, the traditional workplace has ceased to be a singular physical location. Today, it is a digital space where simplicity, personalization, and seamlessness converge to create spaces that inspire employees to maximize their potential. However, in the path of progress lie various barriers. For true corporate digital adoption to be realized, these barriers must be understood before they can be dismantled. Here, we present the five that we believe must be dismantled with the greatest urgency. 1. Managing distributed teams in a hybrid work model Balancing the flexibility of remote work with in-office collaboration while maintaining productivity and cohesion is a formidable barrier to digital adoption. The hybrid model can lead to disparities in information access and team connectivity, risking siloed departments and misaligned objectives. A PwC study revealed that among the top three factors hindering productivity in remote work environments was down to employees encountering obstacles in accessing the information they needed. Sustaining a unified company culture and ensuring equal engagement from both remote and in-office employees also requires effort and innovation. It is a space in which traditional management techniques can falter. Strategies for Productivity Combining unified communication tools offering seamless communication, project management, and collaboration features can bridge the gap between remote and in-office workers. By adopting such tools and establishing clear policies and performance expectations on work hours, availability, and communication protocols, all employees, regardless of location, can understand their responsibilities and how their work contributes to broader company goals. A cohesive hybrid culture can be further promoted by initiating regular check-ins, virtual team-building activities, and inclusive meetings where remote and in-office employees contribute equally. This strategy can be bolstered by a leadership style that values trust, autonomy, and results over physical presence and by providing employees with training on digital tools, self-management techniques, and methods for managing remote teams. 2. Finding time to focus As companies strive to stay ahead in competitive markets, leaders and employees find themselves tangled in a web of priorities that pose a dismaying barrier to digital adoption. Amid the daily grind of urgent tasks and short-term objectives, the long-term benefits of digital transformation are often overshadowed, making it difficult to allocate the time and resources necessary for its completion. With finite resources, leaders must balance sustaining current operations and investing in digital innovation. Strategies to Enhance Focus Allocating regular, uninterrupted time for teams to focus on digital strategies can help embed these efforts into the core business agenda. This approach is fortified by implementing sophisticated project management tools that help streamline workflows and release valuable time and resources to focus on digital transformation projects. Mindsets can be further altered by similarly encouraging a culture that values long-term innovation alongside short-term efficiency. Celebrating small digital adoption wins and illustrating their impact on daily operations allow leaders to build momentum for larger transformation projects. Instead of aiming for daunting, large-scale transformations, leaders can focus on incremental changes that gradually integrate digital solutions into the workplace and allow for steady adaptation to new technologies and processes. 3. Email culture: transitioning beyond the inbox The ingrained email culture often hampers collaboration and efficiency, slowing the embrace of more agile and effective digital communication tools and platforms. Daily deluges of emails flooding inboxes can lead to information overload. A Forbes survey highlighted that email fatigue could drive 38% of employees to quit their jobs. Critical communications are lost in the noise, causing delays and inefficiencies in decision-making and project advancement. Email's linear and segmented nature also restricts lively interaction, making it challenging to foster the level of collaboration and spontaneity that modern digital tools can support. 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Lack of resources Time limitations, a pervasive shortage of skilled talent, and stringent budget restrictions collectively form a barrier that can stall or derail digital initiatives. According to a KPMG study, 54% of organizations said they’re not able to accomplish their digital transformation goals because of a lack of technically-skilled employees. Overcoming these obstacles requires a strategic allocation of resources and the pursuit of innovative solutions that can maximize impact. As digital technologies evolve at an unprecedented rate, the gap between the demand for and supply of tech-savvy professionals widens, leaving businesses struggling to find the expertise needed for digital innovation. Meanwhile, financial constraints, especially in times of economic Uncertainty, mean cost-cutting is prioritized over-investment in digital advancements. Strategies for Resource Optimization Effective resource management involves pursuing digital initiatives that align closely with broader strategic goals. Developing a clear, phased plan for digital transformation can help allocate resources to projects with the highest potential impact. Building partnerships with tech companies and other organizations can also help by providing access to expertise and technologies that might otherwise be unattainable. To address the talent gap, internal comprehensive training , and upskilling programs can empower existing employees to take on digital projects, reducing the need to compete in the tight labor market for digital skills. These new competencies can then be applied to open-source software and cloud-based services that reduce upfront costs and allow businesses to scale their digital infrastructure as needed. 5. 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The pace at which digital technologies evolve also sets an expectation for continuous improvement and innovation within digital workplaces, compelling businesses to adopt an agile approach to digital project development. Managing Expectations and Project Scope Establishing clear project objectives and boundaries from the outset can help manage expectations while engaging stakeholders in the scoping process to ensure alignment on feasibility. By implementing digital projects in phases, businesses can deliver value incrementally, adjusting to feedback and expectations iteratively. Comprehensive research can help understand the needs, preferences, and pain points of digital workplace users. This can further guide the prioritization of features and functionalities, ensuring that resources are allocated to areas with the highest impact on user satisfaction. 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