iSolved Human Capital Management Strengths, Domain Expertise, and Key Differentiators
iSolved HCM is an industry human capital management technology company that brings together the key workforce functions in one robust, easy-to-use platform, iSolved.
iSolved, now with Mojo, makes it easy for teams to build connections and unleash innovation. The HCM platform manages all mission-critical functions, including payroll, HR, time and attendance, and benefits, delivered from a single application. Built-in tools and features boost engagement, collaboration and performance. It has achieved rapid market share, with more than 100,000 employers and 5 million employees and growing. iSolved is delivered through elite, regional payroll providers who provide customers with the white-glove service they demand. This approach gives employers access to a cutting-edge HCM solution while retaining the local service relationship they prefer.
iSolved Human Capital Management Recent Developments
In March 2020, Mark Duffell has been named Chief Executive Officer and will oversee iSolved HCM, the iSolved Network and Infinisource operations as the cloud company embarks on its next chapter of growth. With Duffell's appointment, former CEO Dave Dawson moves to the iSolved Board of Directors, where he will continue to support the company and its executive leadership.
iSolved Human Capital Management Mergers and Acquisitions (M&A) Activities
iSolved is a robust HCM platform that helps businesses manage their mission-critical workforce challenges including human resources, payroll, time tracking, and benefits enrollment, as well as their people-centric goals such as engagement, performance, and continual learning.
With the acquisition, HKP customers will have access to a variety of additional tools and resources including iSolved with Mojo, a collaboration and performance solution, and iSolved Learn, a powerful learning management tool.
In January 2019 iSolved HCM acquired Sage Payroll Solutions, the US-based payroll outsourcing business of The Sage Group. SPR includes more than 44,000 small- to midsized companies as customers through both direct sales and licensees, which will extend the iSolved technology to more than 145,000 employers once the transaction has completed. The acquisition accelerates iSolved growth in the human capital management industry, targeted toward the midmarket, and increases its licensee and partner network as well.
In September 2018, iSolved HCM acquired AmCheck, a provider of payroll services with offices across the nation. This new partnership is a mutually beneficial advancement of the close relationship between the two companies that started when AmCheck joined the iSolved Network of Certified Partners and chose to use the iSolved technology platform to serve its customers.
iSolved Human Capital Management Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying iSolved Human Capital Management 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 iSolved Human Capital Management 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 iSolved Cloud, customers.
iSolved Human Capital Management Overview
Ownership: - x
Number of Employees: 650
Functional Markets: Human Capital Management,
Key Verticals: Aerospace and Defense, Automotive, Banking and Financial Services, Communication, Construction, Real Estate, Consumer Packaged Goods, Distribution, K12, Higher Education, Federal Government, State and Local Government, Public Safety, Healthcare, Life Insurance, P&C Insurance, Specialty Insurance, Leisure and Recreation, Hospitality, Life Sciences, Manufacturing, Media, Faith Based Nonprofit, Youth and Elderly Care Nonprofit, Special Cause Nonprofit, Oil and Gas, Professional Services, Retail, Transportation, Utilities,
iSolved Human Capital Management Key Enterprise and Cloud Applications
iSolved Human Capital Management Revenues, $M:
|Type/Year||2018||2019||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.
iSolved Human Capital Management Revenue Breakdown By Type, $M:
|Type||License||Services||Hardware||Support & Maintenance||SaaS|
|% of Total Revenues||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe|
iSolved Human Capital Management Enterprise Applications Revenues By Functional Markets, $M:
iSolved Human Capital Management Enterprise Applications Revenues By Verticals, $M:
iSolved Human Capital Management Revenues By Region, $M
|Region||% of Total Revenues||2019 Total Revenues, $M||2019 Enterprise Applications Revenues, $M||2019 Cloud Applications Revenues, $M|
iSolved Human Capital Management Direct vs Indirect sales
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iSolved Human Capital Management Customers - Breakdown by Geo, Size, Vertical and Product
No. of iSolved Human Capital Management Customers: 45000
No. of iSolved Human Capital Management Enterprise Applications Customers: 45000
No. of iSolved Human Capital Management Cloud Customers: 45000
No. of iSolved Human Capital Management Cloud Subscribers: 5000000
iSolved sells into 45,000 employers covering five million employees. Most of its customers are small and midsized companies. Among iSolved customers are: Stockman Management, Leader Logistics Group, Executive Search Firm, Meridian Title Corporation, New Theatre Restaurant, and others.
iSolved Human Capital Management Market Opportunities, M&A and Geo Expansions
In May 2019 iSolved HCM, an Accel-KKR portfolio company acquired HK Payroll Services Inc, a provider of payroll services headquartered in Iowa. This acquisition is a mutually beneficial advancement of the relationship between the two companies that started when HKP joined the iSolved Network and selected the iSolved technology platform to service its payroll and HR customers.
In September 2016, iSolved HCM was spun off from Infinisource Benefit Services, which helps companies manage COBRA, FSA and other benefit services. iSolved HCM will focus on selling payroll, HR and time-tracking applications to the small and midsized business market. Infinisource created iSolved HCM(then called Infinisolved HCM) in 2012 following investment from Accel KKR and the purchase of Qqest for its time and attendance apps.
In 2017, iSolved HCM boosted its customer count to 45,000 from 20,000 with the help of its channel partners, many of which were offering products like Sage Paychoice.
iSolved Human Capital Management Risks and Challenges
Keeping up with its breakneck growth and scaling out its reseller network in the US and other countries is key to its long-term success.
iSolved Human Capital Management Ecosystem, Partners, Resellers and SI
The iSolved Network is iSolved's ecosystem from independent partner and entrepreneurs. One of the iSolved partners is Performance HCM – for their testimonial video.
iSolved Human Capital Management Cloud Infrastructure Insights
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- iSolved Human Capital Management Public Cloud and Infrastructure (IaaS)
- iSolved Human Capital Management Platform (PaaS)
- iSolved Human Capital Management Application Delivery
- iSolved Human Capital Management 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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