BUENOS AIRES, Argentina, Sept. 13, 2016 /PRNewswire/ -- Based on its recent analysis of the learning management systems market, Frost & Sullivan recognizes Wormhole with the 2016 Latin America Frost & Sullivan Entrepreneurial Company of the Year Award. Wormhole disrupted the learning management systems market with its strong videoconferencing platform that empowers corporations of all sizes and specializations with live learning. By keeping the customer top-of-mind and leveraging virtual collaboration for live learning, Wormhole emerged a leading provider of learning management systems. Year-over-year, the company has enjoyed healthy growth rates of approximately 60 percent in both tertiary education and corporate verticals.
"While other service providers work at bringing learning management systems to mobiles, they overlook the live learning and interactive aspects. Wormhole resolved this issue by focusing specifically on live learning with videoconferencing and flexible social interfaces through its Wormhole Campus," said Frost & Sullivan Industry Manager, Ignacio Perrone. "The Wormhole Campus offers unlimited access to virtual rooms for presentations, live announcements, group assignments, and team meetings."
Competing providers almost exclusively target education institutions, whereas Wormhole astutely tapped the potential of the corporate segment. The Wormhole Live Learning platform helps companies and educators to update and store materials at any time. Centralized activities, such as online classes or training sessions, allow staff members and students to access materials from anywhere and on any device.
The Wormhole software offers a basic plan for 200 users and includes 10 giga-bytes of general storage, unlimited courses, and virtual classrooms, and technical support, as well as a vast online catalog to stoke content ideas. Implementation takes no longer than two weeks, so there is no major interruption to a client's processes. The company releases an update every two weeks.
"Furthermore, Wormhole harnesses the potential of Big Data to transform businesses by developing a solution to assist companies in the collection and analysis of all data gathered through its learning management system software," noted Perrone. "This collected information enables companies to make better decisions regarding training material, presentations, and other components in their individualized Wormhole Live Learning platform."
Wormhole fosters close relations with customers by not rushing business transactions and adjusting its pitch to suit different cultures. For example, its strategies in Buenos Aires, Argentina, are different from its strategies in São Paulo, Brazil. Besides, Wormhole places emphasis on its agents learning the local language and culture and ensures its staff adheres to the highest standards of customer relationship management. Recently, Wormhole even partnered with Wingu to make its Live Learning product free to small NGOs in Latin America.
Overall, Wormhole has achieved impressive success in Latin America. Nearly 3.5 million individuals use the Wormhole Live Learning platform and 20% of its customer base comprises of medium-to-large companies. It grew from 25 to 50 employees in a short time and has offices in Buenos Aires, Argentina; Medellín, Colombia; and São Paulo, Brazil, and plans to expand to Mexico and Peru.
Each year, Frost & Sullivan presents this award to the company that has demonstrated excellence in devising a strong growth strategy and robustly implementing it. The recipient has shown strength in terms of innovation in products and technologies and leadership in customer value, as well as speed in response to market needs. In short, the award looks at the emerging market players in the industry and recognizes their best practices that are positioned for future growth excellence.
Frost & Sullivan Best Practices awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research to identify best practices in the industry.
We provide companies, professional associations and educational institutions the simplest way to offer online training while retaining the best of live education.
Wormhole's mission is to make education accessible to anyone by using technology to increase educational quality, accelerate the time to implement and execute programs and reduce their delivery cost. That's why we created Wormhole Campus, a technology platform that enhances the best teaching methodologies in the delivery of quality content, and provides a way to transform information into actionable and portable knowledge.
This is a new concept in online education, which we call "Live Learning". In contrast with traditional e-learning solutions, our Live-Learning platform harness the best of social networking, real time and mobile technologies to create a learning experience that not only focus on the content, but also on people and their interactions.
Today more than 1,500 companies, academic institutions and professional associations in over 10 countries use our platform to improve their education and training programs, saving time and money while increasing their reach.
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