Maxwell Health Strengths, Domain Expertise, and Key Differentiators
Maxwell Health simplifies benefits and HR for small-to-mid-sized employers. The platform includes a marketplace that makes buying benefits intuitive for employees, tools that streamline HR processes including benefits administration, and a mobile app that makes using benefits easy.
Maxwell Health Recent Developments
In June 2021, Maxwell Health partnered with ADP to bring its customers a 360° bi-directional API integration with ADP Workforce Now. With this integration, the users have a simpler way to connect important benefits-related data in real-time, making it easier to manage your payroll changes while keeping the system in sync.
Maxwell Health is a marketplace that empowers consultants and employers to offer the best benefits to employees, helping them achieve better health and financial security. Maxwell’s platform automates HR and benefits administration, providing a user-friendly experience for employees to understand, shop for, and use their benefits.
Maxwell Health Mergers and Acquisitions (M&A) Activities
In June 2018, Sun Life Financial acquired Maxwell Health, an innovative start-up with an employee benefits platform that makes benefits and HR administration simple for employers and their employees.
Maxwell Health Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Maxwell Health 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 Maxwell Health 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 Maxwell Health, customers.
Maxwell Health Overview
Ownership: - Sun Life Financial
Number of Employees: 175
Functional Markets: HCM,
Key Verticals: Aerospace and Defense, Automotive, Banking and Financial Services, Communication, Construction, Real Estate, Consumer Packaged Goods, Distribution, K535, 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, Special Cause Nonprofit, Oil and Gas, Chemicals, Professional Services, Retail, Transportation, Utilities,
Maxwell Health Key Enterprise and Cloud Applications
Maxwell Health,
Maxwell Health Revenues, $M:
| Type/Year | 2020 | 2021 | 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.
Maxwell Health 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% |
| Revenues, $M | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe |
Maxwell Health Enterprise Applications Revenues By Functional Markets, $M:
Maxwell Health Enterprise Applications Revenues By Verticals, $M:
Maxwell Health Revenues By Region, $M
| Region | % of Total Revenues | 2021 Total Revenues, $M | 2021 Enterprise Applications Revenues, $M | 2021 Cloud Applications Revenues, $M |
|---|---|---|---|---|
| Americas | Subscribe | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe | Subscribe |
Maxwell Health Direct vs Indirect sales
| Region | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
Maxwell Health Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified Maxwell Health Customers
No. of Maxwell Health Customers: x
No. of Maxwell Health Enterprise Applications Customers: x
No. of Maxwell Health Cloud Customers: x
No. of Maxwell Health Cloud Subscribers: x
Among Maxwell Health's customers are: Rose Street Advisors, Simplifi Benefits, Flowroute and others.
Maxwell Health Market Opportunities, M&A and Geo Expansions
Sun Life Financial, the 6th largest group benefits provider, has been an investor in Maxwell Health, and a provider on its digital benefits marketplace with life, disability, voluntary and worksite since 2015. Acquiring Maxwell Health bolsters Sun Life’s strategy in the Group Benefits small and middle market segments, where they are committed to simplifying benefits and delivering leading communication and enrollment solutions.
Maxwell Health Risks and Challenges
Potential changes to ACA will be a moving target and Maxwell Health may stand to gain or lose depending which part of the changes will benefit employers or apps vendors that stand to benefit from other regulatory hurdles that companies need to pass.
Maxwell Health Ecosystem, Partners, Resellers and SI
In August 2017, The Hartford unveiled the launch of a new digital benefits administration and enrollment platform for small- and medium-sized businesses. Employee Choice BenefitsSM, developed in partnership with Maxwell Health, offers employers access to a comprehensive online system for employees to enroll in and manage all their employee benefits needs seamlessly. Also in 2017, Beckham Insurance Group unveiled a partnership with Maxwell Health, combining their benefits expertise with modern technology. This means unprecedented benefits experiences for the companies they work with and the employees they serve.
Maxwell Health Cloud Infrastructure Insights
Subscribe to read more about:
- Maxwell Health Public Cloud and Infrastructure (IaaS)
- Maxwell Health Platform (PaaS)
- Maxwell Health Application Delivery
- Maxwell Health 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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