Grosvenor Technology Strengths, Domain Expertise, and Key Differentiators
Grosvenor Technology serves the Access Control and Human Capital Management markets globally, providing cloud-controlled solutions that combine hardware, software and services to collect and secure people’s access, time keeping and identity data at work. These solutions help companies maintain privacy, ensure compliance and reduce operating costs, and are increasingly provisioned as-a-service through recurring subscriptions.
Grosvenor Technology Recent Developments
Grosvenor Technology has strategically expanded its market reach by launching the GT4 Lite timeclock, an entry-level product bundled with GT Connect services. This move aligns with the company’s goal of boosting market penetration. The GT4 Lite is a cleverly designed, software-restricted version of the well-received GT4, leveraging existing research and development investments. By utilizing software limitations rather than requiring new development, Grosvenor effectively maximizes the return on its prior R&D efforts while introducing a cost-efficient option to capture a broader segment of the market.
Grosvenor Technology Mergers and Acquisitions (M&A) Activities
In 2008, Grosvenor Technology acquired Custom Micro, strengthening its position in the security and workforce management solutions market. This acquisition expanded Grosvenor Technology’s product offerings, particularly in access control and time & attendance solutions, integrating Custom Micro’s expertise into its portfolio.
Grosvenor Technology Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Grosvenor Technology 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 Grosvenor Technology 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 Grosvenor EasyClock customers.
Grosvenor Technology Overview
Unit S, The Fulcrum Centre Vantage Way, Mannings Heath
Poole, x, BH12 4NU, United Kingdom
44 12 0262-1700
https://www.grosvenortechnology.com/
Ownership: - AIM:NWT
Number of Employees: 51
Functional Markets: HCM,
Key Verticals: Aerospace and Defense, 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,
Grosvenor Technology Key Enterprise and Cloud Applications
Grosvenor EasyClock
Grosvenor Technology 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.
Grosvenor Technology Revenue Breakdown By Type, $M:
Grosvenor Technology Enterprise Applications Revenues By Functional Markets, $M:
Grosvenor Technology Enterprise Applications Revenues By Verticals, $M:
Grosvenor Technology 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 |
Grosvenor Technology Direct vs Indirect sales
| Type | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
Grosvenor Technology Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified Grosvenor Technology Customers
No. of Grosvenor Technology Customers: x
No. of Grosvenor Technology Enterprise Applications Customers: x
No. of Grosvenor Technology Cloud Customers: x
No. of Grosvenor Technology Cloud Subscribers: 10000
Operating in 48 countries, Grosvenor Technology manages over 185,000 employee transactions daily and controls access to more than 30,000 doors worldwide. Their GT Connect platform processes over 12.1 million monthly clock-ins and supports over 35,000 device subscriptions, underscoring their extensive global reach.
Grosvenor Technology Market Opportunities, M&A and Geo Expansions
Grosvenor Technology continues to enhance workforce management through its innovative solutions, delivering key benefits to HR departments by streamlining time and attendance, empowering employees with self-service functions, enabling data-driven decision-making, and simplifying workforce management processes. The company's Human Capital Management (HCM) division has demonstrated strong growth, with annualized recurring revenue (ARR) increasing by 30% year-over-year (YOY) to £3.0 million as of October 2024, contributing to higher profit margins. Overall HCM revenue grew by 8% YOY, with North America leading at 16% growth. Grosvenor Technology’s GT Connect platform now processes over 12.1 million monthly clock-ins and supports 35,000+ monthly device subscriptions across GT Connect and other GT services. Additionally, the company has advanced its Oracle-GT Time partnership, with software integration completed and testing underway, further strengthening its market position.
Grosvenor Technology Risks and Challenges
Grosvenor Technology faces several risks that could impact its growth and operations, including economic downturns that may reduce corporate spending on workforce management and security solutions, as well as exchange rate fluctuations affecting profitability.
Grosvenor Technology Ecosystem, Partners, Resellers and SI
Grosvenor’s strategic growth continues to be driven through partnerships with a broad array of fast-growing HCM providers. The company has made significant strides in increasing its share-of-wallet within these existing alliances, driving yet another year of strong performance. Highlighted by standout successes among key partners, the collective net growth of Grosvenor’s top 15 partnerships reached an impressive 35%, underscoring the effectiveness of this collaborative approach in fueling sustained market expansion.
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:
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