CoAdvantage Among Cloud Top 500

3350 Buschwood Park Drive, Suite 200

Tampa, FL, 33618, United States

1 813-935-2000

https://www.coadvantage.com/

484

CoAdvantage Strengths, Domain Expertise, and Key Differentiators

CoAdvantage applies personal attention and expertise to payroll processing, benefit administration, risk management, and employee development. The result is a rewarding partnership that optimizes HR practices, improves employee engagement, and helps small businesses remain focused on growth.

CoAdvantage Recent Developments

"In January 2021, CoAdvantage declared that Peter Grabowski Jr will be stepping down from the role of Chief Financial Officer, effective December 31, 2021, and will continue as a special advisor to the CEO and CFO. With double-digit profitable growth in place, the company is promoting its next CFO from within, naming current Senior Vice President of Finance, Lori Martin, as successor effective January 1, 2022.

""In May 2020, CoAdvantage launched CoAdQuantum, a proprietary HR and payroll platform. The new technology provides valuable human resource solutions and improved payroll processing to small and mid-sized clients. The achievement marks the first standalone HR platform, featuring a built-in payroll processing engine, developed by a privately held PEO. It puts the Company on a shortlist of PEOs that have this capability in the industry. The new platform seamlessly manages and is inclusive of the ability to process end-to-end payroll (both input and calculations), flexible client invoicing, onboarding, customized reporting, BI analytics, check printing, garnishments, PTO, ACH, tax management, general ledger integration, employee and manager self-service, and full-service benefits and ACA administration, all in a completely automated fashion.

With CoAdQuantum, the Company can easily double or triple processing capacity without significant investment and offers greater customization and flexibility to support a wide range of unique clients. Several platform enhancements, including additional capabilities, integrations, and features, will be released in the third and fourth quarter of this year, and once completed, the standalone platform ensures the Company will not be reliant on any third-party systems."""

CoAdvantage Mergers and Acquisitions (M&A) Activities

"In January 2021, CoAdvantage Corporation acquired Alabama-based SourcePointe, a provider of outsourced HR services. The merger of the two companies will expand CoAdvantage's footprint into Alabama, Tennessee, and Mississippi while accelerating the company's growth and further strengthening its position in the national market.

CoAdvantage Corporation acquired Florida-based Remedy Employer Services (“Remedy”). The acquisition expands CoAdvantage’s Florida base and represents the Company’s third acquisition in the past year. The acquisition creates a combined platform serving approximately 4,500 clients and more than 90,000 worksite employees with a range of HR outsourced solutions for small and medium-sized businesses."

CoAdvantage Customers in ARTW Customer Database

Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying CoAdvantage 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 CoAdvantage 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 CoAdvantage HR customers.

CoAdvantage Key Enterprise and Cloud Applications

CoAdvantage HR

CoAdvantage Revenues, $M:

Type/Year20192020YoY 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.

CoAdvantage Revenue Breakdown By Type, $M:

TypeLicenseProf. ServicesHardwareSupport & MaintenanceSaaSPaaSIaaSOther (Non Enterprise Application Revenues)Total
% of Total Revenues Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe 100%
Revenues, $M Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe

CoAdvantage Revenues By Region, $M

Region% of Total Revenues2020 Total Revenues, $M2020 Enterprise Applications Revenues, $M2020 Cloud Applications Revenues, $M
Americas Subscribe Subscribe Subscribe Subscribe
EMEA Subscribe Subscribe Subscribe Subscribe
APAC Subscribe Subscribe Subscribe Subscribe
Total Subscribe Subscribe Subscribe Subscribe

CoAdvantage Direct vs Indirect sales

RegionDirect SalesIndirect SalesTotal
Type % Subscribe Subscribe Subscribe
Revenues, $M Subscribe Subscribe Subscribe

CoAdvantage Customers - Breakdown by Geo, Size, Vertical and Product

List of Verified CoAdvantage Customers


No. of CoAdvantage Customers: 4500

No. of CoAdvantage Enterprise Applications Customers: x

No. of CoAdvantage Cloud Customers: x

No. of CoAdvantage Cloud Subscribers: x


CoAdvantage has over 4500 customers worldwide.

CoAdvantage Market Opportunities, M&A and Geo Expansions

"In August 2021, CoAdvantage relesead it has migrated 3,000+ clients off of a legacy third-party system and onto CoAdQuantum, the company’s proprietary HR platform with a built-in payroll processing engine. The new platform provides valuable human resource solutions and improved payroll processing to small and mid-sized businesses. CoAdQuantum seamlessly manages and is inclusive of the ability to process end-to-end payroll (both input and calculations), flexible client invoicing, onboarding, customized reporting, BI analytics, check printing, garnishments, PTO, ACH, tax management, general ledger integration, employee and manager self-service, and full-service benefits and ACA administration, all in a completely automated fashion.

In 2019, CoAdvantage Corporation expanded its sales and operations in Texas. The expansion includes the hiring of many new leaders and team members, the relocation of certain regional activities to Texas, and an increase of the Company’s presence in several major Texas cities."

CoAdvantage Risks and Challenges

Expanding sales outside the United States will be a challenge for CoAdvantage.

CoAdvantage Ecosystem, Partners, Resellers and SI

CoAdvantage Corporation expanded its relationship with one of the nation’s top health care providers, Kaiser Permanente, to offer health insurance plans to its customers in two additional growth markets. The partnership includes new plan portfolios in Colorado and Georgia as well as expanded plan options in California.

CoAdvantage Cloud Infrastructure Insights

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  • CoAdvantage Public Cloud and Infrastructure (IaaS)
  • CoAdvantage Platform (PaaS)
  • CoAdvantage Application Delivery
  • CoAdvantage 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).


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