Revenues of Velocity increased near 35% in 2015 to 40 million and will increase with similar percentage in 2016 to about 54 million
VelocityEHS: Revenue Growth: 34% in Q3 2015 compared to Q3 2014 (Note: MSDSonline rebranded to VelocityEHS in September 2015)
Environmental, Health and Safety compliance platform that enables organizations to meet stringent and costly OSHA requirements
Important Metrics:
• Revenue Growth: 34% in Q3 2015 compared to Q3 2014
• New Signings: Added 577 new customers in Q3 2015, KMI added 14 new customers in Q3 (same number signed in first half of 2015)
• Total Customers: More than 11,000 companies; protecting more than 8 million employees in U.S. and Canada
• Pipeline: Growth is slightly ahead of revenue growth and is skewed towards large platform customers; seeing significant pipeline momentum across the board, with cross-sell team seeing increased
activity
• TAM: $3 billion
• Competitive Moat: Database of almost 9 million material safety data sheets is a comprehensive web-based library that ensures 100% compliance for companies and continues to expand as new customers come onto the platform
• Operating cash flow positive for 2015
• 3-year subscription revenue model
* As of 9/30/15 unless otherwise noted
Safety Initiiatives In The Workplace can increase profits 18% and reduce number of safety incidents 49%
Source; The Financial Impacts of Workplace Accidents
- Every $1 in safety programs results in up to a 6-fold return
- 500,000+ mid.sized companies require MDS compliance solutions
- 8+ millions workers rely on VelocityEHS for chemical hazard informations
- 11,000 customers served worldwide
Source; The Financial Impacts of Workplace Accidents
"Revenue has increased about 35 percent annually in recent years and was more than $32 million in 2014, CEO Trout said. He declined to provide estimated 2015 revenue."
chicagobusiness/realestate/...art-space-to-velocityehs
But we know the growth-rate of revenues from last presentation – and the result will be revenues of about 40 million in 2015:
- VelocityEHS: Revenue Growth: 34% in Q3 2015 compared to Q3 2014 (Note: MSDSonline rebranded to VelocityEHS in September 2015)
- Environmental, Health and Safety compliance platform that enables organizations to meet stringent and costly OSHA requirements
- Important Metrics: Revenue Growth: 34% in Q3 2015 compared to Q3 2014 Less
VelocityEHS Recommended for EHS Software Buyers’ Shortlist by Independent Analyst Firm
CHICAGO, Feb. 03, 2016 (GLOBE NEWSWIRE) -- VelocityEHS, a leading cloud environmental, health, safety (EHS) and sustainability platform provider, announced today its recent recognition in Verdantix’s Green Quadrant: EH&S Software 2016. VelocityEHS stood out as the top-scoring firm for Chemical Management and Management of Change (MOC). The analysis named the VelocityEHS platform the number one EHS software for chemical management and suggested that customers planning significant change management or those looking to improve incident, near miss and CAPA management should shortlist VelocityEHS
2016 Predictions for the EHS Market from VelocityEHS CEO, Glenn Trout
February 2nd, 2016
This is the third blog post in our series on 2016 predictions for the vertical markets we serve (see parts 1 and 2). Below we look at what lies ahead for the Environmental, Health and Safety (EHS) market, through the eyes of Glenn Trout, CEO, VelocityEHS. The following are Glenn’s EHS predictions for 2016:
• GHS transition pressures continue: Glenn foresees that the GHS transition will continue to pick up steam in the second and third quarters of 2016 as the final adoption deadline hits on June 1, 2016 in the U.S. In addition to this upcoming deadline, chemical suppliers that did not meet their 2015 deadlines will face even greater pressure, as they work to catch up to the transition timeline.
• Ever increasing regulatory scrutiny and transparency across the boards: Glenn predicts that OSHA will publish a final rule to improve the tracking of workplace illness and injuries, which will modernize reporting requirements and lead to more companies being required to report injuries and illnesses on a more regular (annual or quarterly) basis. In addition, Glenn predicts that OSHA will shift their focus to more complex inspections in 2016, which will allow inspectors to emphasize quality and thoroughness as opposed to quantity. He also predicts that safety management will see increased regulatory scrutiny following the catastrophic events in Tianjin, China in 2015 and elsewhere. And finally, he expects there to be increased pressure on companies to be more transparent in their EHS and sustainability reporting throughout their supply chain.
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