Global people development group Insights has reported an impressive financial bounce back post-pandemic with a 55% turnover increase year on year. Driven by digital transformation, the increase in turnover has been seen across the globe, particularly in the US.
Figures lodged at Companies House show turnover for 2021/2022 was £66.5M, an increase from the previous year during the pandemic at £42.9M. This significant financial acceleration is in part due to a rapid business transformation, as well as making their world-class learning and development products digitally accessible across the globe when businesses were faced with challenges to retain and develop their workforce.
Insights Learning and Development, which accounts for over 95% of the group’s financial performance, works with many of the world’s largest companies including Microsoft, Expedia Group, LinkedIn and PepsiCo, to bring self-awareness solutions to people, teams and leaders, through its well-known four-colour personality model, Insights Discovery.
Fiona Logan, chief executive at Insights Learning and Development, commented: “This is a remarkable milestone for Insights as we continue to see a significant rise in demand for our offerings. This is testament to the extraordinary efforts and capability of our teams around the world and the close relationships we have with our customers.
“As companies realign their focus on employee wellbeing, retention and investment in their people, our solutions have been central to tackling challenges faced by businesses during these disruptive times.
“These results are a reflection of our impact. We are a purpose-led organisation and truly want to make a positive difference in the world. One crucial element to this success is our commitment to investing in our own people to help them develop personally and professionally and to feel fully supported.”
Insights Learning and Development has 588 employees located in 20 offices around the world. During the last year the company invested significantly in a framework of employee benefits, well-being and mental health support and development initiatives, supported by its own products.
Another key element to this impressive V-shape recovery is through a strategic programme which is delivering new digital offerings. These enable unique and powerful learning experiences. The company has also invested in becoming a connected global organisation with consistent policies, systems and processes.
Insights has long-established operations in Europe, Canada and in the US, which is Insights’ largest market. The company has also recently enhanced growth in the US by investing in new roles and building a stronger North American leadership team. This includes developing innovative new partnerships and increasing operational capability. Insights’ largest customers are in sectors including technology, pharmaceuticals and financial services.
The Insights Group also includes Vidatec, award-winning digital transformation specialists are headquartered in Dundee. Vidatec design and build digital platforms for clients of all sizes, ranging from mobile apps designed to enhance health and well-being, to complex technical platforms for large enterprises.
Chief executive Greig Johnston said: “Vidatec’s growth has continued as the need for our innovative digital solutions has increased, and we’re continuing to develop and expand our wide customer base.
“Technology continues to touch our lives through multiple channels daily and it is more important than ever that we work to improve people’s experience of life through technology. We serve an ever-growing number of industries such as health and well-being, retail, travel and tourism and not-for-profit.”
Insights Group chief executive Andy Lothian adds that it is an extraordinary time for the Group, as they continue to see record-breaking figures: “This is a pivotal time for the Group. During and subsequent to the pandemic we have stayed focused on our Purpose and Values. This has helped us make significant headway and continue to deliver strong, profitable growth.
“We strive continually to innovate in support of our customers’ needs. Our research, and development activities, particularly driven by our digital strategy, help us stay at the forefront of the market and deliver on our purpose and vision. We’re confident that our brilliant teams will continue to build more value for our customers and accelerate our growth.”