Sagitec Solutions Strengths, Domain Expertise, and Key Differentiators
Sagitec Solutions designs and delivers tailor-made pension, provident fund, unemployment insurance, and healthcare and life sciences software solutions to clients of all sizes. Understanding that a dynamic world requires dynamic technology, Sagitec offers solutions that are highly configurable and extensible by nature.
Sagitec Solutions Recent Developments
In 2022, Sagitec introduced the Long-term Equity Appreciation Plan (LEAP), an employee stock option initiative designed to incentivize all employees to contribute to the company's growth and directly benefit from improved business performance. Despite facing system compatibility challenges, Sagitec's Xelence consulting team successfully developed an app to administer LEAP units, achieving a seamless first-phase rollout in less than three weeks with minimal disruptions.
In May 2020, The Public Service Pensions Board (PSPB) of the Cayman Islands has selected Sagitec for replacing their current pension administration system. Sagitec’s Pension Administration Solution NeospinTM was chosen among other solutions as it meets all PSPB’s current business needs and can evolve to accommodate future needs. PSPB administers both Defined Benefit and Defined Contribution schemes for eligible employees of the Cayman Islands Government, Statutory Authorities, Government Owned Companies, members of the Judiciary and elected members of the Legislative Assembly.
Sagitec Solutions Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Sagitec Solutions 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 Sagitec Solutions 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 Sagitec Neosurance, Sagitec Neospin, Sagitec Neofraud, Sagitec HealConnect customers.
Sagitec Solutions Overview
422 County Road D East
Saint Paul, MN, 55117, United States
1 612-284-7130
https://www.sagitec.com/
Ownership: - x
Number of Employees: 1300
Functional Markets: CRM, ERP Financial, ERP Services and Operations, HCM, TRM,
Key Verticals: Automotive, Banking and Financial Services, Communications, Consumer Packaged Goods, Distribution, K12, Higher Education, Federal Government, State and Local Government, Healthcare, Life Insurance, P&C Insurance, Specialty Insurance, Hospitality, Life Sciences, Manufacturing, Media, Oil and Gas, Chemicals, Professional Services, Retail, Transportation, Utilities,
Sagitec Solutions Key Enterprise and Cloud Applications
Sagitec Neosurance, Sagitec Neospin, Sagitec Neofraud, Sagitec HealConnect
Sagitec Solutions Revenues, $M:
| Type/Year | 2022 | 2023 | 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.
Sagitec Solutions Revenue Breakdown By Type, $M:
Sagitec Solutions Enterprise Applications Revenues By Functional Markets, $M:
Sagitec Solutions Enterprise Applications Revenues By Verticals, $M:
Sagitec Solutions Revenues By Region, $M
| Region | % of Total Revenues | 2023 Total Revenues, $M | 2023 Enterprise Applications Revenues, $M | 2023 Cloud Applications Revenues, $M |
|---|---|---|---|---|
| Americas | Subscribe | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe | Subscribe |
Sagitec Solutions Direct vs Indirect sales
| Region | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
Sagitec Solutions Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified Sagitec Solutions Customers
No. of Sagitec Solutions Customers: x
No. of Sagitec Solutions Enterprise Applications Customers: x
No. of Sagitec Solutions Cloud Customers: x
No. of Sagitec Solutions Cloud Subscribers: x
Sagitec’s platform and tailored industry solutions have helped over 35 clients to build and modernize enterprise-grade systems with speed and simplicity. Some of Sagitec customers are: Virginia Retirement System, Public School and Education Employee Retirement Systems of Missouri, Missouri Local Government Employees Retirement System, Denver Employees Retirement Plan, Kansas Public Employees Retirement System and others.
Sagitec Solutions Market Opportunities, M&A and Geo Expansions
Sagitec can venture into the healthcare sector, leveraging its platform's proficiency in managing complex processes for tasks like insurance claims and patient management. Additionally, the financial services and supply chain management industries present growth opportunities, where Sagitec's platform can streamline workflows and optimize processes for increased efficiency.
Sagitec Solutions Risks and Challenges
International expansion depends on the compliance regulations.
Sagitec Solutions Ecosystem, Partners, Resellers and SI
Sagitec Solutions mainly sells directly. Sagitec Solutions is a partner with Microsoft, and it is a provider of hosting services on Microsoft Azure.
Sagitec Solutions Cloud Infrastructure Insights
Subscribe to read more about:
- Sagitec Solutions Public Cloud and Infrastructure (IaaS)
- Sagitec Solutions Platform (PaaS)
- Sagitec Solutions Application Delivery
- Sagitec Solutions Private Cloud and Data Centers
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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