Gusto Strengths, Domain Expertise, and Key Differentiators
Gusto (formerly ZenPayroll) is a company that provides a cloud-based payroll, benefits, and human resource management software for businesses based in the United States. Gusto handles payments to employees and contractors and also handles electronically the paperwork necessary to help client companies comply with tax, labor, and immigration laws. Gusto is operational in all 50 US states.
Gusto Recent Developments
In October 2021, Gusto updated it's People Platform with more remote work features such as, Mobile Time Tracking and Geolocation, Remote Hiring & Onboarding,
In July 2020, during the COVID-19 pandemic outbreak, Gusto had shipped 40+ new features that more than 6,000 accountants are using to help small businesses receive vital aid and relief, stay compliant, and be in a better position to take care of their teams. They’ve helped their customers secure more than $2 billion in approved PPP loans and built a comprehensive resource hub that simplifies legislation.
Payroll service Gusto said it plans to quadruple the size of its engineering staff in Denver in 2018 as the company plans to add new features to its web-based payroll and benefits software aimed at small businesses.
Gusto Mergers and Acquisitions (M&A) Activities
In June 2021, Gusto acquired Ardius, a startup designed to automate tax compliance particularly around R&D tax credits.
Gusto Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Gusto 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 Gusto 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 Gusto, customers.
Ownership: - x
Number of Employees: 2000
Functional Markets: HCM,
Key Verticals: Aerospace and Defense, Automotive, Banking and Financial Services, Communications, Construction and Real Estate, Consumer Packaged Goods, Distribution, Education, Government, Healthcare, Insurance, Leisure and Hospitality, Life Sciences, Manufacturing, Media, Non Profit, Oil, Gas and Chemicals, Professional Services, Retail, Transportation, Utilites,
Gusto Key Enterprise and Cloud Applications
Gusto Revenues, $M:
|Type/Year||2019||2020||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.
Gusto Revenue Breakdown By Type, $M:
|Type||License||Prof. Services||Hardware||Support & Maintenance||SaaS||PaaS||IaaS||Other (Non Enterprise Application Revenues)||Total|
|% of Total Revenues||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||100%|
Gusto Enterprise Applications Revenues By Functional Markets, $M:
Gusto Enterprise Applications Revenues By Verticals, $M:
Gusto Revenues By Region, $M
|Region||% of Total Revenues||2020 Total Revenues, $M||2020 Enterprise Applications Revenues, $M||2020 Cloud Applications Revenues, $M|
Gusto Direct vs Indirect sales
|Region||Direct Sales||Indirect Sales||Total|
Gusto Customers - Breakdown by Geo, Size, Vertical and Product
No. of Gusto Customers: 200000
No. of Gusto Enterprise Applications Customers: x
No. of Gusto Cloud Customers: x
No. of Gusto Cloud Subscribers: x
Gusto is reimagining HR, payroll, and benefits for over 200,000 companies nationwide. Among its customers are: Reach, Loan Hero, Finder.com, iMedicare, Kids Atelier, Octopus Creative, Housegreening, GreenLid, Tinpot Creamery, Nicole Chan Photography, Elevate, Andy's Auto, Ealchemy, Avant Barre, Common Wealth Joe, Via Church and many others.
Gusto Market Opportunities, M&A and Geo Expansions
In August 2021, Gusto raised $175 million in a Series E funding round, along with new additions to the Gusto Board of Directors, that will help us accelerate our impact for the customers we serve.
In July 2018, Gusto raised $140 million in a Series C funding round. The investment will be used to drive significant additions to Gusto's all-in-one payroll, benefits and HR technology platform including new capabilities to help employees manage when and how they get paid. The company recently launched Flexible Pay, which lets employees choose when they want to get paid, regardless of their employer's pay schedule and without affecting their employer's payroll or cash flow.
Gusto Risks and Challenges
With high-profile backers like Google Capital, Gusto is chasing steep growth in both HR and payroll apps market. The question is whether it can succeed in all segments with increased competition and lofty expectations.
Gusto Ecosystem, Partners, Resellers and SI
In March 2021, JazzHR, recruiting software provider for small and medium-sized businesses, announced an integrated partnership with payroll-management provider Gusto, designed to help small and midsize businesses speed the transition from candidate to employee. The companies' integrated solution enables mutual customers to easily and securely send new-hire information directly to Gusto from JazzHR to create payroll records, eliminating manual data entry and seamlessly kicking off the onboarding process.
In July 2018, Xero chooses Gusto as U.S. Strategic Payroll Partner, with this partnership Xero assures its customers that they will see benefits from a seamless Gusto integration experience, including single sign-on, cash flow management and accountant collaboration. Gusto sells direct with help from 3,000 accountants as partners. Among Gusto integration partners are Xero, Quickbooks Online, Quickbooks Desktop, Freshbooks, Aplos, TSheets, When I Work, Ximble, eBility Time Tracker and many more.
Gusto Cloud Infrastructure Insights
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- Gusto Public Cloud and Infrastructure (IaaS)
- Gusto Platform (PaaS)
- Gusto Application Delivery
- Gusto Private Cloud and Data Centers
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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