Docebo Stock

Docebo Inc. (Docebo) provides an easy-to-use, highly configurable and affordable learning platform with the end-to-end capabilities and critical functionality needed to train both internal and external workforces, partners and customers.

The company’s solution allows its customers to take control of their desired training strategies and retain institutional knowledge, while providing efficient course delivery, advanced reporting tools and analytics. The company’s robust platform helps its customers centralize a broad range of learning materials from peer enterprises and learners into one LMS (learning management system) to expedite and enrich the learning process, increase productivity and grow teams uniformly.

The company’s solutions are sold on a subscription model and its subscriptions are typically structured with an initial fixed term of between one and three years, without the ability for customers to terminate for convenience.

Docebo sells its products in approximately 70 countries. The company’s customers are diversified across various industries, including technology and media (Thomson Reuters Corporation, Pearson Plc, HP Inc. and Amazon Web Services, Inc.), consulting and professional services (Holland and Barrett, Bupa, Newcross Healthcare Solutions, Experian PLC, Randstad NV and lastminute.com), and manufacturing and retail (Deliveroo, Advanced Auto Parts, Dine Brands Global, L’Oréal S.A., Heineken NV, BMW AG and Denny’s Corporation).

Solutions

The company’s cloud platform consists of a learning suite that includes: ‘Docebo Learn LMS’, ‘Docebo Shape’, ‘Docebo Content’, ‘Docebo Learning Impact’, ‘Docebo Learning Analytics’, ‘Docebo Connect’, and ‘Docebo Flow’.

Docebo Learn LMS, the company’s foundational module, is a cloud-based learning platform that allows learning administrators to deliver scalable and flexible personalized learning experiences, from formal training to social learning, to multiple internal, external and blended audiences.

Docebo Shape is an AI-based learning content creation tool that enables learning administrators to turn internal and external resources into engaging, multilingual microlearning content to share across their business in minutes, without needing months to master the tool.

Docebo Content allows learning administrators to unlock the industry’s best-learning content and provide their learners with high-quality, off-the-shelf learning content. Learning administrators can select the most impactful e-learning content by partnering with a Docebo content specialist to help curate the right resources.

Docebo Learning Impact is a learning measurement tool that enables administrators to prove and improve the impact of their training programs and validate their company’s investment in learning with optimized questionnaires, learning benchmarks and actionable next steps.

Docebo Learning Analytics allows learning administrators to prove their learning programs are powering their business; connecting learning data to business results.

Docebo Connect enables learning administrators to seamlessly connect Docebo to any custom tech stack, making integrations faster and more effective.

Docebo Flow is a product that allows businesses to directly inject learning into the flow of work, helping organizations to create an ‘always-on’ learning culture.

Additional products within the company’s platform include: ‘Docebo for Salesforce’, ‘Docebo Embed (OEM)’, ‘Docebo Mobile App Publisher’, ‘Docebo Extended Enterprise’ and ‘Docebo Discover, Coach & Share’. Docebo for Salesforce is a native integration that leverages Salesforce’s API and technology architecture to produce a learning experience that remains uniform no matter the use-case. Docebo Embed (OEM) eliminates disjointed learner experiences, long development cycles and ineffective partner models by allowing original equipment manufacturers (‘OEMs’) to embed and re-sell Docebo as a part of their software, including HCM, risk management and retail/hospitality SaaS product suites. Docebo’s Mobile App Publisher product allows companies to create their own branded version of the award-winning ‘Docebo Go.Learn’ mobile learning application and publish it as their own in Apple’s App Store, the Google Play Store or in their own Apple Store for Enterprise. Docebo Extended Enterprise breeds customer education, partner enablement, and retention by allowing customers to train multiple external audiences with a single LMS solution. Lastly, Docebo Discover, Coach & Share enhances the learning experience by going beyond the limits of formal training by bringing social learning into their LMS to create a culture of social learning.

The modules and capabilities of the company’s platform interconnect to deliver a holistic value proposition that has contributed to the company’s success in the market, including the ability to achieve high personalization to support multiple use cases via the Docebo Configuration Engine; generate revenue by training customers and partners via Docebo Extended Enterprise; enable social learning and allow for learning content to be user generated via Docebo Discover, Coach & Share; automate configuration decisions across administration, delivery and tracking; provide access anywhere, anytime via Docebo Mobile, also available for offline learning; and reach the world via Docebo Multi Language support (40 languages) and its localization engine.

Docebo’s primary target market is consisted of mid-market enterprises (‘MMEs’) that use Docebo in individual divisions or as a global learning platform across their entire enterprise and divisions of larger enterprises for both internal and external use cases. The enterprises in the company’s primary target market are broadly defined as having between 500 and 10,000 active users.

In February 2020, Docebo announced a partnership with Bluewater Learning Inc., a recognized consulting services leader for learning, talent, and human capital management systems. This partnership will provide Docebo with an increased capacity and unique ability to allow customers to not only build personalized learning experiences, but also integrate their wider human capital management suite technologies for an unparalleled enterprise experience.

In March 2020, the company partnered with Ceridian, a global leader in HCM and Payroll technology and a partner of Docebo since 2018, to launch its Covid-19 Learning Portal.

In April 2020, the company announced new integrations with GoTo by LogMeIn, Inc., which provides easier integrations with GoToMeeting, GoToWebinar and GoToTraining to bring virtual instructor-led training experiences to remote working. This integration allows Docebo users to not only create meetings, training and sessions directly from their learning platform but also has centralized reporting and notifications for learners and instructors, ending the days of working across multiple interfaces or solutions to collaborate and learn virtually.

In March 2021, the company announced the following partnerships:

Vinsys, a world leader in the corporate training and learning technology space for over two decades that scales Docebo’s multi-product learning suite to organizations based in the Middle East and throughout the Asia-Pacific region.

MHR, a recognized leader in human resources, payroll and learning that embeds the Docebo learning suite across their full suite of HCM Platforms, iTrent and People First.

Bluewater, a recognized leader in learning and talent technology that is expanding its reach and influence by partnering with Docebo to deliver a broad set of managed services to support the needs of a rapidly diversifying client base.

In August 2021, the company announced the following three partnerships:

WorkSpan, a leading ecosystem business management platform, which embeds the Docebo learning suite natively, allowing enterprise organizations to roll out new partner programs to thousands of partners on the WorkSpan network.

Kolabori and Docebo are working together in partnership to offer a unique software and services solution for learning technology in Brazil and South America

OrchestrateHR and Docebo partnered to bring powerful technologies to the world of human resources.

In January 2022, Docebo and Pavilion, the world’s leading private membership community helping high-growth professionals achieve their professional potential, entered into a strategic partnership to enhance the learner experience for Pavilion members. Docebo is Pavilion’s first Diamond Partner. Diamond is Pavilion’s new top-tier partnership that gives partners, among other things, access to talent acquisition opportunities within the community.

In December 2022 Docebo and aTalent, an Asia based leader in performance management, skills and competency, talent, succession and learning and development, expanded the current reseller relationship to an OEM partnership whereby aTalent will embed Docebo’s technology into their HCM suite.

The company’s flexible platform is well-suited to support enterprises with particularly fragmented and complex use-cases, giving rise to multi-faceted training requirements such as employee certification, re-skilling, upskilling, knowledge retention, fast onboarding for high growth companies, customer training and partner training.

Growth Strategy

The company is focused on expanding its platform capabilities and features and intend to continue increasing the company’s revenue by pursuing a growth strategy that includes various elements: growing enterprise customer base; land-and-expand (expansion within existing customer accounts); artificial intelligence; building new products; opportunistic acquisitions; OEMs and strategic alliances; and geographic expansion.

Intellectual Property

The company has been issued trademark registrations in Canada, the United States, the European Union, and India covering the trademark ‘DOCEBO’.

Competition

The company faces direct and/or indirect competition from a variety of players, including legacy corporate e-learning service providers, such as Cornerstone On Demand, SAP SuccessFactors and SumTotal Systems (owned by Skillsoft); corporate e-learning service providers, such as SAP Litmos, Absorb LMS, MindTickle, Lessonly and SkillJar, which offer solutions at comparable prices to the company’s products; lower priced solutions, such as 360Learning, TalentLMS, Totara and LearnUpon; legacy training vendors, such as Global Knowledge, General Assembly and New Horizons; individual-focused e-learning services, such as LinkedIn Learning, Udemy, Udacity and Pluralsight; local consulting firms that customize open source solutions such as Moodle; and free solutions, such as YouTube and Google.

History

The company was founded in 2005. It was incorporated in 2016 under the laws of the province of Ontario. The company was formerly known as Docebo Canada, Inc. and changed its name to Docebo Inc. in 2019.