L2 Inc Explained

L2 Inc
Type:Subsidiary
Founded:2010
Founder:Scott Galloway, Founder and Chairman
Hq Location City:New York City
Hq Location Country:USA
Key People:Maureen Mullen, CSO and Co-Founder
Kenneth Allard, CEO
Katherine Dillon, CCO
Todd Benson, Board of Directors
Products:Membership, Research
Num Employees:150 (New York City and London)
Num Employees Year:2017
Parent:Gartner
Website:L2Inc.com

L2 Inc is a subscription research and business intelligence firm that benchmarks the digital competence of consumer brands.[1] The company evaluates more than 2,200 brands annually, analyzing their website, e-commerce, digital marketing, social media, and mobile executions, and then ranks within each industry.[2] [3] The research L2 publishes is aimed at CMOs and senior-level digital marketing leaders to provide marketing strategy guidance.

History

L2 was founded in New York City in 2010 by Scott Galloway,[4] [5] Clinical Professor of Marketing at NYU Stern School of Business. Ken Allard joined the firm as CEO in May 2015.

In 2010, the company rebranded as L2, and it has since expanded its research reach to cover Auto, Activewear, Beauty, Consumer Electronics, Consumer Packaged Goods, Fashion, Financial Services, Food & Drink, Hotels, Luxury, Retail and Watches & Jewelry across all access levels.

In March 2017, L2 entered into an agreement to be acquired by Gartner.[6]

Products and Membership

L2's chief products are their Digital IQ Index benchmarks,[7] of which they publish 25+ per year, along with in-depth, trend-specific reports.[8] The benchmarks analyze, index, and rank the digital competence of brands within their specific industries[9] [10]

The company has a membership-based business model, wherein only active members can access the reports.

External links

Notes and References

  1. Web site: About L2.
  2. News: Reynolds. Molly. The Innovative Digital Strategy Behind Successful Brick and Mortar Stores. 23 August 2017. Inc.com. 21 August 2017. en.
  3. News: Elder. Liz. Financial advisers that invest in technology need to accomplish these two things. 23 August 2017. MarketWatch. Aug 22, 2017.
  4. News: Fickenscher. Lisa. Gilt sells for $250M after once carrying a $1B valuation. 23 August 2017. New York Post. 8 January 2016.
  5. Web site: Professor Turned Entrepreneur Founds L2 To Benchmark Companies' Digital IQ. Bruce. Rogers. Forbes, 2016.
  6. Web site: Gartner Buys BI and Benchmarking Firm L2. Daily Research News Online, 2017.
  7. Web site: Digital IQ.
  8. Web site: 64 Marketers Have Snapchat Account, According to New Report. Lauren. Johnson. AdWeek, 2017.
  9. News: Kokalitcheva. Kia. L2 rakes in $16.5M to run market research companies out of business. 23 August 2017. VentureBeat. 12 March 2014.
  10. Web site: What the Most Digitally Savvy Luxury Brands Do Better Than the Rest. Eliza. Brooke. Fashionista, 2015.