Ascentis Strengths, Domain Expertise, and Key Differentiators
Ascentis offers a comprehensive suite of on-demand HRIS/HRMS HR software, employee self-service, online payroll, applicant tracking system, and time and attendance software solutions. Its HRIS software/ HR management software, online payroll services, recruiting software, and online timesheet products are easy to set up, use, and are fully backed by friendly customer support professionals. Ascentis HR (formerly HROffice), is an easy-to-use on-demand HR software solution that allows you to manage employee data throughout the entire employment cycle. Ascentis Payroll (formerly EBS On Line's InstaPay) is an on-demand (SaaS) payroll software system that allows processing payroll in real-time, ensuring 100% accuracy, flexibility, and control. Real-time synchronization with Ascentis HR, interfacing capabilities with general ledger and time-and-attendance systems, and custom reporting bring the solution to all toughest payroll processing challenges. Ascentis Time provides the tools that assist companies in managing labor costs, employee scheduling, resource utilization and more. Ascentis Recruiting is a full-featured applicant tracking and recruiting software system.
Ascentis Recent Developments
In November 2017, Ascentis promoted Peter J. Goepfrich as Chief Financial Officer. Mr. Goepfrich has over 20 years of experience in the technology industry primarily serving as Chief Financial Officer for high growth software and SaaS organizations. Prior to Ascentis, he served as Chief Financial Officer of Qumu Corporation, API Healthcare, and Vital Images—all leading solution providers in their respective industries.
Ascentis Mergers and Acquisitions (M&A) Activities
In April 2019 Ascentis, acquired the premier time and attendance solutions company, Integrated Time Systems. The acquisition demonstrates Ascentis’ commitment and strategic investment in growing its differentiated workforce management initiatives and advancing its exceptional end-to-end HCM solutions and services available through the family of Ascentis products. This marks the company’s third acquisition in six months. Wisconsin-based ITS has been a key part of the southeastern Wisconsin community for more than 70 years. Led by owner and president, Chris Kapenga, who purchased the company in 2008, ITS has a renowned reputation for its dedication and unsurpassed focus on client service since the 1920s. In 2015, ITS acquired prominent, Texas-based time and attendance company, Accutronics, to expand its geographic presence and build upon existing solution synergies between the two companies. In Decembre 2018 Ascentis, acquired Cincinnati Time Systems. This acquisition, along with Ascentis’ recent acquisition of California-based NOVAtime, serves to not only strengthen Ascentis’ domain expertise in health care, facility services, staffing, and manufacturing industries but also grows Ascentis’ Midwest presence, further accelerating the growth of the company and its workforce management direct client based initiatives. Combined, Ascentis is better positioned to deliver unsurpassed HCM support and solutions that address each clients’ individual needs. Additionally, the company has established itself as one of the few HCM providers to provide clients the flexibility to choose, integrate and deploy modules and capabilities in order of importance for each organization. In Septembre 2018 Ascentis acquired the privately held time-and-attendance solution NOVAtime. NOVAtime is well-known for its innovation, intuitive features, and comprehensive workforce management tools. The acquisition positions Ascentis as one of the largest all-in-one HCM solutions in the industry. Ascentis and NOVAtime have worked in partnership since 2012, providing complementary offerings with unsurpassed service and tech innovation leadership, respectively. Together, the combined business will offer a truly unique all-in-one solution that is unified, easy to use, and delivers actionable workforce insights. Headquartered in Minneapolis, Minnesota, the two businesses will have a combined workforce of over 400 employees and a roster of nearly 5,000 clients across a variety of industries, including the public sector. Collectively, the businesses have seen impressive recurring revenue growth over the past year, and in 2017, Ascentis received growth financing from a global growth equity investor, Summit Partners.
Ascentis Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD ask the simple question: Who’s buying Ascentis 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 Ascentis 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 Ascentis on-demand HCM , customers.
Ownership: - Palm Ventures, LLC and Catalyst Investors
Number of Employees: 300
Functional Markets: Human Capital Management,
Key Verticals: Banking and Financial Services, Communication, Construction and Real Estate, Consumer Packaged Goods, Distribution, Education, Government, Healthcare, Insurance, Leisure and Hospitality, Manufacturing, Media, Professional Services, Retail, Transportation,
Ascentis Key Enterprise and Cloud Applications
Ascentis on-demand HCM ,
Ascentis Revenues, $M:
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* 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.
Ascentis Revenue Breakdown By Type, $M:
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Ascentis Enterprise Applications Revenues By Functional Markets, $M:
Ascentis Enterprise Applications Revenues By Verticals, $M:
Ascentis Revenues By Region, $M
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Ascentis Direct vs Indirect sales
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Ascentis Customers - Breakdown by Geo, Size, Vertical and Product
No. of Ascentis Customers: 1600
No. of Ascentis Enterprise Applications Customers: 1600
No. of Ascentis Cloud Customers: 1600
No. of Ascentis Cloud Subscribers: x
Ascentis solutions are used by more than 1,600 clients in various industries. Among its customers are: AbsoluteCARE, Advanced Recovery Systems, Apsaalooke Nights Casino, Barcodes Inc., BeneSys, Bivio Transport and Logistics Company LLC., BOMAG Americas, Inc., Calloway & Associates, Children’s Tumor Foundation, City of Pflugerville, Cloud Imperium Games LLC., Cogswell College, Compeat, Cornflower Creamery LLC., CSRA RESA, Diamond Properties, DoveLewis, Eau Claire Press Company, Eldorado, Employment & Community Options (E&CO), Extant Aerospace, Found Animals Foundation, Global Data Consultants LLC., Golden Svcs, LLC., Grand Home Holdings, Inc., Grand Rapids Chair Company, IMTAS, Innex, Inc., Jersey City Bike Share, Jewish Federation of Greater Philadelphia, KTBS LLC., LCS Companies, Leed Fabrication, Lunderby Trucking, M3bi, Medisolv, Inc., MET Inc., MKS&H, Mt. McKinley Bank, NAPP Manufacturing, LLC., National FFA Organization, Oakland Management Corp/Beztak, Oceanside Laundry LLC., Options Counseling Services, Park View Federal Credit Union, Polartec, LLC., Premier Transportation Services, LLC., Prime Retail Services, Red Arch Solutions, Regent Care Centers, RI Distributing, Right At School, Rock House, Russell Cellular, S Wireless Northwest, Inc., Salud Para La Gente, San Carlos Apache Healthcare, SBS Group, Seacoast Church, Sequoyah Country Club, Shwinco, Specialty Systems, SVP Worldwide, System High, Tampa Bay Port Authority, Telkonet, The Gehring Group Inc., The Toa Reinsurance Company of America, Tippett Studio, Tony’s Markets, US Internet, Virginia Panel Corporation, Visual Data Media Services, White House Clinics, Wings for Kids, Wyandot Inc., YWCA of Minneapolis, Zoetic Global, Mandarin Oriental Hotel Group, Francis Ford Coppola Presents, CALIBRE, Bare Escentuals, Sutter Home Winery, Morrison&Foerster, Ghirardelli, Area Agency on Aging, Cancun Resort, Community of Christ, Mona Electric Group, Sunshine Terrace Foundation and others.
Ascentis Market Opportunities, M&A and Geo Expansions
In August 2018, Ascentis recently rolled out a program dedicated entirely to their growing network of partners who support employers in the middle market. Branded PartnerLink, this new program is built on service and accountability with the objective to add value to their partners through a unique service model, HCM expertise and technology solutions. In September 2018, Ascentis acquired privately held time-and-attendance solution NOVAtime. NOVAtime is well-known for its innovation, intuitive features, and comprehensive workforce management tools. The acquisition positions Ascentis as one of the largest all-in-one HCM solutions in the industry. In October 2017, Ascentis Corporation made a partnership with Sage Intacct. Ascentis continues to invest to drive advanced HCM technology strategies, improved product development, and sophisticated product integrations.
Ascentis Risks and Challenges
Benefits administration remains a big part of Ascentis’ focus. Its ability to compete with upstarts like BenefitFocus could redefine its direction or the future of the benefits administration applications market for that matter.
Ascentis Ecosystem, Partners, Resellers and SI
Ascentis does most of its sales via direct sales force. Additionally, Ascentis works closely with many key business partners in benefits, outsourcing, hosting, consulting and ERP integrations to bring the clients additional products and services. Its resellers are SBS Group, NetSuite, DataPro Solutions, Jackson Kahl. Some of its partners are Blytheco, HR Consultants, Inc., Professional Development Services, PEOPLEhelpers, H2R Solutions, LLC, and others.
Ascentis Cloud Infrastructure Insights
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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).
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