ELMO Software Strengths, Domain Expertise, and Key Differentiators
ELMO's comprehensive cloud-native platform spans recruitment to retirement, offering integrated payroll, HR, and talent solutions. Its key differentiators include AI-powered Predictive People Analytics, Gen AI-ready capabilities for automated decision support, and IoT-enablement for hybrid work management. The single-dashboard interface provides a seamless user experience, enhancing productivity and data-driven workforce management. ELMO's focus on consistent UX across all software assets strengthens its market appeal.
ELMO Software Recent Developments
ELMO Software, a provider of cloud-based Human Capital Management (HCM) solutions headquartered in Australia, has continued its digital innovation streak with the release of cutting-edge HR modules like 'Hybrid Work' and 'Wellbeing.' These modules address emerging workplace dynamics and prioritize mental wellbeing, driven by AI and cloud-based functionalities. ELMO also enhanced its Predictive People Analytics module through a partnership with the University of Technology Sydney, offering AI-powered insights into employee retention. The company, now privately held after its acquisition by K1 Investment Management in early 2023, maintains a strong focus on revenue growth and platform integration, supported by previous funding rounds including a $45M capital raise.
ELMO Software Mergers and Acquisitions (M&A) Activities
Strategic acquisitions have been central to ELMO’s growth. Notable acquisitions include Pivot Software for remuneration automation, Breathe HR for SME market penetration in the UK, Techniworks for eLearning expansion, and Sky Payroll, LiveSalary, and PeoplePulse to bolster its cloud HR suite. These moves demonstrate ELMO's commitment to expanding its capabilities and market reach across Australia, New Zealand, and the UK. The launch of Breathe in the ANZ region signals a focus on scaling midmarket and small business solutions.
ELMO Software Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying ELMO Software applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of ELMO Software and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified ELMO Cloud HR & Payroll customers.
ELMO Software Overview
Level 27, 580 George Street
Sydney, NSW, 2000, Australia
61 2 8305-4600
https://www.elmosoftware.com.au/
Ownership: - K1 Investment Management
Number of Employees: 579
Functional Markets: HCM,
Key Verticals: Automotive, Banking and Financial Services, Communication, Construction and Real Estate, CPG, Distribution, Education, Government, Healthcare, Insurance, Leisure and Hospitality, Life Sciences, Manufacturing, Media, Non Profit, Oil Gas Chemicals, Professional Services, Retail, Transportation, Utility,
ELMO Software Key Enterprise and Cloud Applications
ELMO Cloud HR & Payroll
ELMO Software Revenues, $M:
| Type/Year | 2023 | 2024 | YoY Growth, % |
|---|---|---|---|
| Total Revenues, $M | Subscribe | Subscribe | Subscribe |
| Enterprise Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
| Cloud Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
ELMO Software Revenue Breakdown By Type, $M:
ELMO Software Enterprise Applications Revenues By Functional Markets, $M:
ELMO Software Enterprise Applications Revenues By Verticals, $M:
ELMO Software Revenues By Region, $M
| Region | % of Total Revenues | 2024 Total Revenues, $M | 2024 Enterprise Applications Revenues, $M | 2024 Cloud Applications Revenues, $M |
|---|---|---|---|---|
| Americas | Subscribe | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe | Subscribe |
ELMO Software Direct vs Indirect sales
| Type | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
ELMO Software Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified ELMO Software Customers
No. of ELMO Software Customers: 3,000+ mid-market customers, 13,000+ small businesses
No. of ELMO Software Enterprise Applications Customers: 3,000+ mid-market customers, 13,000+ small businesses
No. of ELMO Software Cloud Customers: 3,000+ mid-market customers, 13,000+ small businesses
No. of ELMO Software Cloud Subscribers: 2 million
ELMO serves over 3,000 mid-market and 13,000 small business customers across various industries, from healthcare and education to banking and manufacturing. Notable clients include AICD, Cbus, TUH, Bank Australia, and NZ Home Loans. The company’s industry-agnostic approach has helped it secure a diverse and growing customer base across Australia, New Zealand, and the UK.
ELMO Software Market Opportunities, M&A and Geo Expansions
ELMO is well-positioned to capitalize on horizontal growth in the SME and midmarket segments and vertical expansion in regulated industries such as healthcare and government. With increasing demand for hybrid work enablement and AI-driven workforce analytics, the company can scale its solutions globally. The UK-based consultant network from Breathe offers a springboard for deeper market penetration and cross-selling opportunities.
ELMO Software Risks and Challenges
Key risks include integration challenges across acquired assets, evolving compliance requirements across geographies, and the need to stay ahead of AI and cloud innovation. Go-to-market challenges could emerge from intensifying competition in the HCM space and shifts in customer procurement preferences, particularly among enterprise buyers.
ELMO Software Ecosystem, Partners, Resellers and SI
ELMO primarily operates via direct sales but is rapidly expanding its indirect ecosystem through strategic partnerships and acquisitions. The Breathe consultant channel in the UK, comprising over 500 HR professionals, represents a strong potential for ecosystem leverage. Technology integrations include Zoom, AI tools, and EAP partnerships like Acacia Connection, providing added value and network effects for broader HR digitization.
Research Methodology
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
For additional information on our methodologies, here's the link:
https://www.appsruntheworld.com/About Ushttps://www.appsruntheworld.com/taxonomy
https://www.appsruntheworld.com/FAQ
