ReadyTech Holdings Limited Strengths, Domain Expertise, and Key Differentiators
ReadyTech is a provider of mission-critical people management software for educators, employers, and facilitators of career transitions. Bringing together student management, apprenticeship management, payroll, and HR admin, work health and safety, employment services and behavioural science technology,
ReadyTech Holdings Limited Recent Developments
In October 2020, ReadyTech, Australia’s student management system (SMS) for the education sector, is shifting toward online learning with the launch of a new Learning Management System (LMS), powered by aNewSpring.
ReadyTech represents Australia’s software for continuum supporting the development and success of tomorrow’s workforce. ReadyTech represents a new way to manage the complex human journey through study, work, and career transitions.
ReadyTech Holdings Limited Mergers and Acquisitions (M&A) Activities
In September 2021, ReadyTech has expanded its footprint in the Australia enterprise education market, with the acquisition of specialist Victorian TAFE student management system software business, AVAXA. Bolstering ReadyTech’s reputation as the education technology partner of choice for providers right across Australia, the acquisition of AVAXA will bring together strong TAFE domain expertise and new enterprise customer relationships, including several leading TAFE and higher education providers such as Chisholm Institute and Melbourne Polytechnic.
In March 2021, ASX-listed technology provider ReadyTech continues strong growth trends in new and attractive verticals with the successful acquisition of Open Office and McGirr Technologies (collectively Open Office).
In October 2019 ReadyTech has acquired workforce management software provider, Zambion and payroll service provider, WageLink. The acquisition of Zambion’s modern and mobile cloud software, including advanced time and attendance and rostering capability and support for both Australia and New Zealand customers, as well as WageLink’s client base, largely focused in South Australia, positions ReadyTech as a trans-Tasman workforce management partner for employers.
Zambion, based in New Zealand, has been providing workforce management technology for over 10 years. With a modern, web, and app-based technology platform, Zambion will offer new and innovative capabilities to ReadyTech’s clients.
WageLink is an Adelaide-based managed payroll services provider that supports employers outsourcing their payroll function. Acquiring WageLink allows ReadyTech to expand the reach of its existing premium outsourced service Aussiepay.
ReadyTech Holdings Limited Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying ReadyTech Holdings Limited 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 ReadyTech Holdings Limited 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 HR3 Cloud, ePayroll, JR Plus, Zambion, AussiePay customers.
ReadyTech Holdings Limited Overview
Ownership: - ASX:RDY
Number of Employees: 400
Functional Markets: ERP Services and Operations Management, HCM, Procurement,
Key Verticals: Aerospace and Defense, Automotive, Banking and Financial Services, Communication, Construction, Real Estate, Consumer Packaged Goods, Distribution, K792, Higher Education, Federal Government, State and Local Government, Public Safety, Healthcare, Specialty Insurance, Leisure and Recreation, Hospitality, Life Sciences, Manufacturing, Media, Oil and Gas, Chemicals, Professional Services, Retail, Transportation, Utilities,
ReadyTech Holdings Limited Key Enterprise and Cloud Applications
HR3 Cloud, ePayroll, JR Plus, Zambion, AussiePay
ReadyTech Holdings Limited 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.
ReadyTech Holdings Limited 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 |
ReadyTech Holdings Limited Enterprise Applications Revenues By Functional Markets, $M:
ReadyTech Holdings Limited Enterprise Applications Revenues By Verticals, $M:
ReadyTech Holdings Limited 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 |
ReadyTech Holdings Limited Direct vs Indirect sales
| Region | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
ReadyTech Holdings Limited Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified ReadyTech Holdings Limited Customers
No. of ReadyTech Holdings Limited Customers: 5000
No. of ReadyTech Holdings Limited Enterprise Applications Customers: 5000
No. of ReadyTech Holdings Limited Cloud Customers: x
No. of ReadyTech Holdings Limited Cloud Subscribers: x
ReadyTech currently has a customer base of more than 5000 companies.
ReadyTech Holdings Limited Market Opportunities, M&A and Geo Expansions
In November 2019 ReadyTech launched digital credentials technology for Australian providers of education and training. Partnering with market-leading, US-based digital credential provider Credly, ReadyTech will offer vocational education and training (VET) and higher education providers using the ReadyTech family of student management systems the ability to create and issue digital credentials for past and present students.
ReadyTech aims to support its education customers in adopting digital credentials to recognize bite-sized packets of learning and demonstrated skills and boost student completion rates by charting more motivating learning pathways along with the student learning experience.
Providers will also be able to develop their brand and market presence through the sharing of digital credentials among ‘digital native’ student cohorts online and will gain the flexibility to boost employability through aligning training and recognition with the real needs of employers.
ReadyTech Holdings Limited Risks and Challenges
Expanding into a wider global market could be a challenge.
ReadyTech Holdings Limited Ecosystem, Partners, Resellers and SI
In September 2019 ReadyTech partnered with Flare HR. As businesses increasingly consider their employee value proposition, the partnership will see ReadyTech offer Flare HR’s integrated suite of the employee lifecycle and benefit products to the 2000+ existing customers using its market-leading payroll and HR administration platforms.
Flare HR offers employee onboarding and engagement tools, employee benefits, and wellness products as well as financial security-related support. Flare’s offering is designed to help employers focus ‘more on people and less on paper’ to create an evolutionary step change in employee engagement.
Coming in addition to ReadyTech’s existing stable of core payroll software-as-a-service (SaaS) platforms HR3, Aussiepay, and ePayroll, ReadyTech’s customers will be able to use Flare HR’s products to create an end-to-end employee management experience that is ready for the future of work.
ReadyTech Holdings Limited Cloud Infrastructure Insights
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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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