Explorance
- Company typePrivate
- Founded2004
- HeadquartersMontréal, Canada
- Headcount101–250
- GTM typeB2B
- OfferingSoftware
Explorance firmographics
Firmographics- Name
- Explorance
- Legal name
- Explorance Inc.
- Website
- https://explorance.com
- Company type
- Private
- Founded year
- 2004
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Ownership category
- akta.pro rank
Explorance industry classification
Industry- Product category
- Experience Management Software
- NAICS
- Software Publishers (513210), Software Publishers (51321)
- SIC
- Services-Prepackaged Software (7372), Services-Computer Programming, Data Processing, Etc. (7370)
- akta.pro primary industry
- B2B SaaS & Enterprise Personalization (CRM, Sales, Support) (HDAAAGAJ)
- akta.pro secondary industry
- Software/Application Support (SaaS, Enterprise Apps) (BPAAACAC)
Keywords
Where Explorance is headquartered
LocationHeadquarters
- HQ city
- Montréal
- HQ country
- Canada
- HQ region
- North America
Offices1 record
Markets served
Explorance business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Marketing or Sales, Operations, Infrastructure
Revenue model
- Software Platform Subscriptions: Explorance operates primarily on a software subscription model, offering its feedback analytics platform (Blue), AI-powered qualitative analysis (MLY), and learning effectiveness solutions (Metrics That Matter, BlueX) as SaaS products. The company serves both higher education and enterprise/HR segments, with pricing based on organizational size and scope of deployment.
- Professional Services: Explorance experts work alongside customers globally to support implementation, integration, and optimization needs, representing an additional service revenue stream alongside software subscriptions.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Enterprise software subscription — pricing based on organizational size, number of users, and scope of solutions deployed. |
Go-to-market motion2 records
Distribution channels2 records
Marketing channels9 records
Explorance product offering
Product offeringCore offering
Explorance develops and sells a software portfolio for experience management, providing feedback analytics, AI-powered qualitative analysis, course evaluation, and employee engagement survey tools. Its platform automates the collection, analysis, and distribution of feedback insights for higher education institutions and large enterprises, with deep integrations into LMS, HRIS, SIS, and CRM systems. Customers subscribe to flagship products Blue, MLY, Metrics That Matter, and BlueX on an annual SaaS basis with associated professional services for implementation.
Product overview
Explorance offers a unified platform portfolio comprising four core products designed for experience management across higher education and enterprise sectors. Blue serves as the flagship feedback analytics platform providing end-to-end survey automation, data collection, and distribution. MLY is an AI-powered qualitative analysis module that uses natural language processing to analyze open-ended feedback, providing sentiment analysis, topic categorization, and recommendations directly within Blue reports. Metrics That Matter focuses on learning and development effectiveness measurement for enterprise L&D programs. BlueX extends survey capabilities to all users organization-wide. Together, these products enable organizations to collect feedback from students and employees, analyze it at scale using AI, and distribute actionable insights to drive data-driven decision-making.
Differentiator
Problem solved
Functional benefit
Brands
- Blue: Next-generation feedback analytics platform that automates the collection, analysis, and distribution of feedback insights.
- MLY
- Metrics That Matter
- BlueX
Products and services
- Blue Next-generation feedback analytics platform that automates the collection, analysis, and distribution of feedback insights. Provides end-to-end survey automation, personalization, role-based reporting, and integrates with LMS, HRIS, SIS, and CRM systems for higher education institutions and enterprises.
- MLY AI-powered qualitative analysis platform that uses natural language processing to analyze open-ended feedback from students and employees. Provides sentiment analysis, topic-specific categorization, recommendations, alerts, and redaction capabilities to understand the voice of people at scale.
- Metrics That Matter Enterprise learning effectiveness solution that delivers data-driven insights for L&D leaders to measure, evaluate, and optimize learning portfolio effectiveness. Helps organizations demonstrate value and secure budget for learning programs.
- BlueX Survey software designed for universal use across an organization, empowering any user to gather the feedback data they need without requiring specialized training or technical skills.
Quantifiable outcome
- Exceeding 90% retention rate in nursing residency programs for OpusVi customers
- +3 more outcomes
Companies that use Explorance
Customer profileNamed customers17 records
Segments3 records
Ideal customer profiles3 records
Explorance technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability3 records
Feature8 records
Explorance partnerships and signals
Strategic signalScale indicators5 records
Recent moves6 records
Expansion highlights6 records
Explorance competitors and assessment
Company assessmentDirect peers
- Qualtrics: SAP-owned experience management platform offering employee engagement, customer experience, and student experience surveys with AI-driven analytics. Directly competes with Explorance in higher education and enterprise HR feedback analytics, with broader scale and bundled selling via SAP.
- Workday Peakon Employee Voice: Workday's employee engagement and listening platform acquired via Peakon. Competes with Explorance's enterprise HR segment for large employer feedback analytics, particularly where Workday HCM is already deployed.
- CultureAmp: Employee engagement and performance feedback SaaS used by mid-market and enterprise HR teams. Overlaps directly with Explorance's enterprise engagement and 360-degree feedback use cases, often with a more self-serve mid-market motion.
- Watermark: Higher education platform for faculty evaluation, course evaluations, and student success (includes former EvaluationKit). The closest direct competitor to Explorance Blue in the higher education course evaluation niche.
- SmartEvals: Specialized course evaluation platform built for higher education institutions. Directly competes with Explorance Blue in the same university course evaluation use case, often on price-sensitive deployments.
- 15Five: Continuous performance management and employee engagement feedback platform. Competes with Explorance's enterprise HR feedback and engagement use cases, particularly with mid-market HR teams.
- Limeade: Employee wellbeing and engagement platform with employee surveys and analytics. Adjacent competitor to Explorance's enterprise HR segment, with overlap on engagement listening and analytics.
Broad incumbents
- Microsoft Viva Glint: Microsoft's enterprise employee feedback product (formerly LinkedIn Glint), integrated into the Viva suite. Competes with Explorance for enterprise employee engagement feedback and benefits from bundling with Microsoft 365 and Teams.
- SurveyMonkey: General-purpose survey and feedback platform used across education and enterprise. Overlaps with Blue and BlueX, particularly at the mid-market and prosumer tiers where Explorance's quote-based enterprise motion is less competitive.
- Anthology (formerly Blackboard): Higher education technology suite (LMS, SIS, student success) that competes in the broader ed-tech stack. Overlaps with Explorance on institutional feedback and student experience analytics when bundled with Blackboard/Anthology LMS deployments.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Explorance social profiles
Digital presenceExplorance compliance and trust
Trust signalCompliance3 records
Explorance financial estimates
Financial estimateRevenue estimate
Valuation estimate
Explorance leadership team
Management profileNumber of profiles
Profiles3 records
Explorance funding detail
Funding detailFunding overview
Funding rounds2 records
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Explorance M&A and investment
M&A and investmentM&A2 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Explorance
What does Explorance do?
Explorance develops and sells a software portfolio for experience management, providing feedback analytics, AI-powered qualitative analysis, course evaluation, and employee engagement survey tools. Its platform automates the collection, analysis, and distribution of feedback insights for higher education institutions and large enterprises, with deep integrations into LMS, HRIS, SIS, and CRM systems. Customers subscribe to flagship products Blue, MLY, Metrics That Matter, and BlueX on an annual SaaS basis with associated professional services for implementation.
Is Explorance a public or private company?
Explorance is a private company. It is classified as venture growth investor backed and is currently operating.
When was Explorance founded?
Explorance was founded in 2004. It employs 101 to 250 people.
Where is Explorance based?
Explorance is headquartered in Montréal, Canada, in the North America region.
How does Explorance make money?
Two revenue lines are on record. Software Platform Subscriptions are the primary driver. The others are professional Services.
Who are Explorance's main competitors?
Direct peers on record are Qualtrics, Workday Peakon Employee Voice, CultureAmp, Watermark, SmartEvals, 15Five and Limeade. Broad incumbents are Microsoft Viva Glint, SurveyMonkey and Anthology (formerly Blackboard).
Does Explorance have an API?
No public API is recorded for Explorance.
What industry is Explorance in?
Explorance's product category is Experience Management Software. Its primary akta.pro industry code is HDAAAGAJ, B2B SaaS & Enterprise Personalization (CRM, Sales, Support), with a secondary code of BPAAACAC, Software/Application Support (SaaS, Enterprise Apps). Its NAICS code is 513210 and its SIC code is 7372.