Morneau Shepell Inc. Among Apps Top 500

895 Don Mills Road Tower One, Suite 700

Toronto, ON, M3C 1W3 , Canada

1 416-445-2700

https://www.morneaushepell.com/

344

Morneau Shepell Inc. Strengths, Domain Expertise, and Key Differentiators

Morneau Shepell is a provider of technology-enabled HR services that deliver an integrated approach to well-being through a cloud-based platform. The focus is on providing everything clients need to support the mental, physical, social and financial well-being of their people.

Morneau Shepell Inc. Recent Developments

In July 2018, Morneau Shepell acquired LifeWorksCorporation Limited. LifeWorks is a global employee assistance program provider, offering employee assistance, wellness, recognition and incentive programs in Canada, the UnitedStates, the United Kingdom and Australia.

The acquisition allowed Morneau Shepell's Well-being line of business to deliver an expanded set of well-being services, as well as bolster the company's geographic footprint through LifeWorks established presence in the U.S., U.K., Australia and Canada. Morneau's Ability Absence solution uses Presagia's absence compliance engine to support managing absence, leave and disability processes.

Morneau Shepell Inc. Mergers and Acquisitions (M&A) Activities

On March 1, 2020, the Company sold its benefits consulting business to HUB International Limited for a purchase price of $70,000 subject to working capital adjustments. $67,535 was received on closing, with the remainder to be received over the next 24 months once all the working capital adjustments and holdback conditions have been satisfied.

The divestiture aligns with the Company’s growth strategy, which includes being a clear market leader in the businesses in which we operate, owning the total well-being space, accelerating growth through geographic expansion and leveraging technology to deliver a seamless experience for clients and their employees.

The benefits consulting business represented approximately 3% of the Company’s consolidated revenue for the year ended December 31, 2019. The exited business was considered to be part of the Health & Productivity Solutions line of business and consisted of working capital, capital assets, intangible assets, and goodwill.

In May 2019, Mercer reached an agreement with Morneau Shepell to acquire Mercer’s stand-alone US large market health and defined benefit (DB) administration business. The agreement does not include Mercer’s Mercer Marketplace 365, Mercer Marketplace 365+, mid-market health benefits administration, co-sourcing, and mid-market DB administration clients or health benefit administration for Mercer’s global clients who have employees in the United States.

Morneau Shepell Inc. Customers in ARTW Customer Database

Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Morneau Shepell Inc. 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 Morneau Shepell Inc. 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 LifeWorks, Benefit Administration customers.

Morneau Shepell Inc. Key Enterprise and Cloud Applications

LifeWorks, Benefit Administration

Morneau Shepell Inc. 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.

Morneau Shepell Inc. Revenue Breakdown By Type, $M:

Type License Services Hardware Support & Maintenance SaaS
% of Total Revenues Subscribe Subscribe Subscribe Subscribe Subscribe
Revenues, $M Subscribe Subscribe Subscribe Subscribe Subscribe

Morneau Shepell Inc. Revenues By Region, $M

Region % of Total Revenues 2019 Total Revenues, $M 2019 Enterprise Applications Revenues, $M 2019 Cloud Applications Revenues, $M
Americas Subscribe Subscribe Subscribe Subscribe
EMEA Subscribe Subscribe Subscribe Subscribe
APAC Subscribe Subscribe Subscribe Subscribe
Total Subscribe Subscribe Subscribe Subscribe

Morneau Shepell Inc. Direct vs Indirect sales

Region Direct Sales Indirect Sales Total
Type % Subscribe Subscribe Subscribe
Revenues, $M Subscribe Subscribe Subscribe

Morneau Shepell Inc. Customers - Breakdown by Geo, Size, Vertical and Product

List of Verified Morneau Shepell Inc. Customers


No. of Morneau Shepell Inc. Customers: 24000

No. of Morneau Shepell Inc. Enterprise Applications Customers: 7000

No. of Morneau Shepell Inc. Cloud Customers: 7000

No. of Morneau Shepell Inc. Cloud Subscribers: x


Morneau Shepell serves 24000 client organizations that use Morneau Shepell services in 162 countries. With the LifeWorks acquisition, Morneau Shepell added 4200 customers to their portfolio.

Morneau Shepell Inc. Market Opportunities, M&A and Geo Expansions

In 2019, Morneau Shepell realigned some responsibilities and people across its core lines of business following the LifeWorks Corporation Ltd. (“LifeWorks”) acquisition and towards the goal of being more responsive to changing client needs. Today the company has four operating segments, consistent with our four core lines of business, named as follows: Well-Being Solutions, Administrative Solutions, Retirement Solutions, and Health and Productivity Solutions.

Also, acquisition of LifeWorks opened new doors for Morneau Shepell, meaning the strategic acquisition expands Morneau Shepell's presence outside North America with customers in Australia and UK.

Morneau Shepell Inc. Risks and Challenges

Revenues depend heavily on services.

Morneau Shepell Inc. Ecosystem, Partners, Resellers and SI

Through strategic acquisitions in the past two years, Morneau Shepell has significantly expanded its geographic market space and solutions portfolio. The Company is better positioned today to provide solutions on a global basis, including support for multinational enterprises seeking consistent quality in their well-being strategies that cross borders and serve large workforce populations. Morneau Shepell expect acquisitions and strategic partnerships to play a continuing role in their expansion, supplementing our focus on driving organic growth in all core lines of business.

Morneau Shepell Inc. Cloud Infrastructure Insights

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  • Morneau Shepell Inc. 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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