Concentrix Corporation recognized as Highest Leader in B2B Sales Services by Everest Group for strategic use of AI and partnerships.
Quiver AI Summary
Concentrix Corporation has been recognized as the Highest Leader in Everest Group's inaugural B2B Sales Services PEAK Matrix® Assessment, outpacing 15 other service providers evaluated. The company's strong positioning is attributed to its market impact, successful service delivery, integration of AI technologies, and a comprehensive partner ecosystem. Concentrix's offerings in B2B sales services, enhanced by strategic acquisitions like ServiceSource and Webhelp, contribute to its expertise in the field. Key strengths include market adoption, innovation, and a robust delivery footprint. Concentrix aims to further enhance its capabilities and expand its reach, leveraging advanced technology solutions to support clients in achieving their sales goals efficiently.
Potential Positives
- Concentrix Corporation has been recognized as the Highest Leader in Everest Group’s B2B Sales Services PEAK Matrix® Assessment, highlighting its superior performance among 15 leading service providers.
- The company has demonstrated exceptional capabilities in Market Adoption, Vision and Strategy, Innovation and Investments, and Delivery Footprint, solidifying its role as a significant player in the B2B sales services market.
- Concentrix's strategic acquisitions of ServiceSource and Webhelp have enhanced its expertise and offerings in B2B sales solutions, positioning the company for future growth and success.
- The incorporation of AI technologies and a commitment to client-centric approaches allows Concentrix to deliver tailored solutions that meet evolving market demands.
Potential Negatives
- Over-reliance on AI technologies and strategic partnerships may introduce risks if those technologies or partnerships do not deliver expected results.
- The forward-looking statements present inherent uncertainties and risks, suggesting potential volatility in achieving the projected outcomes and client satisfaction.
- The acknowledgment of competitive conditions in the industry implies challenges and potential vulnerabilities for Concentrix in maintaining its market leadership.
FAQ
What recognition did Concentrix receive from Everest Group?
Concentrix was recognized as the Highest Leader in Everest Group’s first B2B Sales Services PEAK Matrix Assessment.
What factors contributed to Concentrix's leadership position?
Key factors include market impact, successful service delivery, AI technology integration, and a comprehensive partner ecosystem.
What B2B sales services does Concentrix offer?
Concentrix offers services such as inside sales, account management, sales operations, channel sales, and customer success.
How has Concentrix enhanced its B2B sales expertise?
The acquisition of ServiceSource and Webhelp has significantly enhanced Concentrix’s capabilities in B2B sales solutions.
What is Concentrix's vision for the future of B2B sales?
Concentrix aims to deepen its capabilities and expand its reach to effectively support clients in achieving sales goals.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$CNXC Insider Trading Activity
$CNXC insiders have traded $CNXC stock on the open market 7 times in the past 6 months. Of those trades, 1 have been purchases and 6 have been sales.
Here’s a breakdown of recent trading of $CNXC stock by insiders over the last 6 months:
- CHRISTOPHER A CALDWELL (President and CEO) sold 9,823 shares for an estimated $517,708
- CORMAC J TWOMEY (EVP, Global Ops & Delivery) has made 0 purchases and 5 sales selling 3,444 shares for an estimated $175,872.
- KATHRYN HAYLEY purchased 500 shares for an estimated $25,110
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$CNXC Hedge Fund Activity
We have seen 129 institutional investors add shares of $CNXC stock to their portfolio, and 149 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- FULLER & THALER ASSET MANAGEMENT, INC. added 1,981,047 shares (+1119.5%) to their portfolio in Q3 2024, for an estimated $101,528,658
- FMR LLC removed 1,780,179 shares (-24.1%) from their portfolio in Q3 2024, for an estimated $91,234,173
- DEPRINCE RACE & ZOLLO INC added 649,657 shares (+inf%) to their portfolio in Q3 2024, for an estimated $33,294,921
- IMPACTIVE CAPITAL LP added 528,755 shares (+13.7%) to their portfolio in Q3 2024, for an estimated $27,098,693
- INVENOMIC CAPITAL MANAGEMENT LP added 368,295 shares (+354.3%) to their portfolio in Q3 2024, for an estimated $18,875,118
- COPELAND CAPITAL MANAGEMENT, LLC added 329,831 shares (+32.9%) to their portfolio in Q4 2024, for an estimated $14,271,787
- INTRINSIC EDGE CAPITAL MANAGEMENT LLC added 300,000 shares (+inf%) to their portfolio in Q3 2024, for an estimated $15,375,000
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
NEWARK, Calif., Jan. 29, 2025 (GLOBE NEWSWIRE) -- Concentrix Corporation (NASDAQ: CNXC), a global technology and services leader, today announced it has been
recognized as the Highest Leader in Everest Group’s first-ever business-to-business (B2B) Sales Services PEAK Matrix
®
Assessment.
Among 15 leading service providers evaluated, Concentrix earned Highest Leader positioning, based on market impact, the ability to deliver services successfully, its strategic integration of AI technologies and comprehensive partner ecosystem focused on delivering tailored business-to-business (B2B) sales services solutions.
“Concentrix offers B2B sales services such as inside sales, account management, sales operations, channel sales, as well as customer success and renewals. Through the acquisition of ServiceSource, a leader in B2B sales solutions, and Webhelp, which provides access to Lead Factory—a proprietary solution for creating and scoring customized lead lists—Concentrix has enhanced its overall expertise in B2B sales,” says Divya Baweja, Practice Director at Everest Group. “Furthermore, Concentrix has partnerships with leading technology organizations as well as a strong suite of in-house solutions, including real-time seller support and a customer intelligence solution with features such as account prioritization, quarterly action plans, and a 360° customer dashboard. These factors, among others, have contributed to Concentrix' recognition as a Leader in Everest Group's B2B Sales Services PEAK Matrix Assessment 2024.”
Concentrix outperformed in categories such as Market Adoption, Vision and Strategy, Innovation and Investments, and Delivery Footprint, solidifying its position as a powerhouse in the B2B sales services domain.
“
We’ve emerged as the largest leading provider of B2B sales in our industry, setting the standard for excellence in helping the world’s top brands to reach their growth goals,” said Mike Naughton, Global Vice President of B2B Sales at Concentrix. “We have consistently demonstrated our ability to adapt and lead in an ever-evolving market, and our investment in AI technologies and strategic partnerships has enabled us to deliver unparalleled value to our clients. Looking ahead, we aim to deepen our capabilities and expand our reach to support our clients in achieving their sales goals effectively."
Concentrix’ deep expertise in data, technology, and AI capabilities, along with its commitment to leveraging leading-edge technologies while maintaining a flexible, client-centric approach empowers the company to continue improving and developing AI-based, tailor made B2B sales tools and processes to better serve its people and clients.
For more information on Concentrix’ B2B sales services, see the Everest Group report.
About Everest Group
Everest Group is a leading global research firm helping business leaders make confident decisions. Everest Group's PEAK Matrix® assessments provide the analysis and insights enterprises need to make critical selection decisions about global services providers, locations, and products and solutions within various market segments. Likewise, providers of these services, products, and solutions, look to the PEAK Matrix® to gauge and calibrate their offerings against others in the industry or market. Find further details and in-depth content at
www.everestgrp.com
.
About us: Powering a World That Works
Concentrix Corporation (NASDAQ: CNXC), a
Fortune
500
®
company, is the global technology and services leader that powers the world’s best brands, today and into the future. We’re solution-focused, tech-powered, intelligence-fueled. Every day, we design, build, and run fully integrated, end-to-end solutions at speed and scale across the entire enterprise, helping over 2,000 clients solve their toughest business challenges. With unique data and insights, deep industry expertise, and advanced technology solutions, we’re the intelligent transformation partner that powers a world that works, helping companies become refreshingly simple to work, interact, and transact with. Delivering outcomes unimagined across every major vertical in 70+ markets. Virtually everywhere. Visit
concentrix.com
to learn more.
Media Contact:
Marketing & Communications
Concentrix Corporation
media@concentrix.com
From Fortune ©2024 Fortune Media IP Limited. All rights reserved. Used under license. Fortune and Fortune 500 are registered trademarks of Fortune Media IP Limited and are used under license. Fortune and Fortune Media IP Limited are not affiliated with, and do not endorse the products or services of Concentrix.
Safe Harbor Statement
This news release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include, but are not limited to, statements regarding the company’s capabilities and positioning to deliver business outcomes and solve challenges for its clients, the potential benefits, including sales gains, associated with use of the company’s artificial intelligence and other technologies, and statements that include words such as believe, expect, may, will, provide, could and should and other similar expressions. These forward-looking statements are inherently uncertain and involve substantial risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Risks and uncertainties include, among other things, risks related to the company’s ability to successfully execute its strategy, competitive conditions in the company’s industry, and other factors contained in the Company’s Annual Report on Form 10-K for the fiscal year ended November 30, 2023 filed with the Securities and Exchange Commission and subsequent SEC filings. We do not undertake a duty to update forward-looking statements, which speak only as of the date on which they are made.
Copyright 2025 Concentrix Corporation and its subsidiaries.
All rights reserved. Concentrix, Webhelp, the Concentrix logo, and all other Concentrix company, product, and services word and design marks and slogans are trademarks or registered trademarks of Concentrix Corporation and its subsidiaries. Other names and marks are the property of their respective owners.
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