New reports provide visibility into training effectiveness, helping trainers in large and midsize enterprises improve programs and maximize return on training investment
Learning management is among the fastest-growing segments of the talent management market. Analyst firm Bersin & Associates estimates the size of the learning management market at close to $2 billion worldwide, with growth being driven by a shift to cloud-based software from legacy solutions. Large and midsize enterprises in particular are aggressively deploying cloud learning solutions for their flexibility, feature set, ease of use and clear, substantive return on investment.
Mindflash has capitalized on the shift to cloud learning better than any other vendor. In the past year its solutions were used by companies including McDonalds, Airbnb and Yammer to deliver training sessions attended by hundreds of thousands of workers. Mindflash revenue tripled in 2012 and its client base doubled, while over a quarter of its business came from clients outside the U.S. Mindflash has more than 1,000 clients worldwide, including many from the Fortune 500.
Advanced Training Analytics
Mindflash users offering sales, marketing, customer service and product training have a business requirement to maximize return on investment for their courses. To do this, trainers must understand the effectiveness of their presentations -- the faster this happens, the more quickly they can clarify issues and graduate successful learners. New Mindflash reports, incorporating technology from cloud business intelligence leader GoodData, provide information on topics such as material comprehension and course satisfaction.
“We were spending several hours per month creating reports on employee training,” said Christine Downey, senior program coordinator at Konica Minolta. “Now the reports we need are prepared automatically, so we can see and respond to results right away. Not only is Mindflash saving us time but we’re learning faster as well, which has a measurable impact on business success.”
Simple, Affordable Pricing Options
To ensure every company has access to the training tools it needs, Mindflash has revised its pricing packages. Plans beginning at $149 per month include real-time reports. The Advanced plan starts at $449, including 10 trainers and more sophisticated reports. The Professional plan starts at $899 per month with 50 trainers and reports that can be filtered by end-user job function, department, geographic region, etc., for action by managers or executives. The plans, designed to meet the needs of companies at different stages in their online learning programs, include an array of service options, support for small and large groups of trainees, access to the Mindflash mobile app, and unlimited courses, quiz questions and content.
"The E-learning market is well positioned for rapid growth in 2013,” said Jim Lundy, founder and CEO of Aragon Research. “Mindflash's analytics and reporting tools can now help organizations measure the impact of their training programs.”
“Job training has been identified by President Obama as being vital to economic growth,” said Donna Wells, president and CEO at Mindflash. “Millions of people enter the workforce or change jobs every year, and companies need tools like Mindflash to get workers on the job and into production faster and better. We’re excited to offer the easiest to use cloud learning management software on the market and proud to be part of the economic growth solution.”
Mindflash provides the leading online platform for employee and customer training. Its cloud-based, simple yet powerful design allows businesses to more easily create and manage critical company training programs—saving them significant time and money. No engineering or IT support is required, as there is no software to install or maintain. Courses are available securely anytime, anywhere that employees have Internet access. Courses are created using the file types that businesses already use (PowerPoint, PDF, Word, video, audio). Trainers simply upload and organize files using an intuitive course dashboard, add quizzes and then publish to the web to create self-paced new hire training, sales training, customer certification courses, etc. As needed, the software scales to support thousands of simultaneous training sessions. Mindflash has over 1,000 customers including McDonalds, Microsoft, Lufthansa and Four Seasons Hotels and Resorts.
Founded in 1999, Mindflash is a privately held company and headquartered in Palo Alto, Calif. To learn more, please visit www.mindflash.com.