Sagitec Solutions Acknowledged as a Key HR Software Provider by APPS RUN THE WORLD in the HCM Top 500 Market Report

Sagitec Solutions Strengths, Domain Expertise, and Key Differentiators

Sagitec Solutions designs and delivers tailor-made pension, provident fund, unemployment insurance, and healthcare and life sciences software solutions to clients of all sizes. Understanding that a dynamic world requires dynamic technology, Sagitec offers solutions that are highly configurable and extensible by nature.

Sagitec Solutions Recent Developments

In 2022, Sagitec introduced the Long-term Equity Appreciation Plan (LEAP), an employee stock option initiative designed to incentivize all employees to contribute to the company's growth and directly benefit from improved business performance. Despite facing system compatibility challenges, Sagitec's Xelence consulting team successfully developed an app to administer LEAP units, achieving a seamless first-phase rollout in less than three weeks with minimal disruptions.

In May 2020, The Public Service Pensions Board (PSPB) of the Cayman Islands has selected Sagitec for replacing their current pension administration system. Sagitec’s Pension Administration Solution NeospinTM was chosen among other solutions as it meets all PSPB’s current business needs and can evolve to accommodate future needs. PSPB administers both Defined Benefit and Defined Contribution schemes for eligible employees of the Cayman Islands Government, Statutory Authorities, Government Owned Companies, members of the Judiciary and elected members of the Legislative Assembly.

Sagitec Solutions Customers in ARTW Customer Database

Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Sagitec Solutions 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 Sagitec Solutions 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 Sagitec Neosurance, Sagitec Neospin, Sagitec Neofraud, Sagitec HealConnect customers.

Sagitec Solutions Overview

Ownership: - x

Number of Employees: 1300

Functional Market: Absence and Leave Management, Benefits Administration, Pension Administration, Compliance, Performance Management, Learning and Development,

Key Verticals: Automotive, Banking and Financial Services, Communications, Consumer Packaged Goods, Distribution, K12, Higher Education, Federal Government, State and Local Government, Healthcare, Life Insurance, P&C Insurance, Specialty Insurance, Hospitality, Life Sciences, Manufacturing, Media, Oil and Gas, Chemicals, Professional Services, Retail, Transportation, Utilities,

Sagitec Solutions Key Cloud and HCM Applications

Sagitec Neosurance, Sagitec Neospin, Sagitec Neofraud, Sagitec HealConnect

Sagitec Solutions HCM and Cloud HCM Applications Revenues, $M:

Type/Year	2022	2023	YoY Growth, %
Total Revenues, $M	Subscribe	Subscribe	Subscribe
HCM Applications Revenues, $M	Subscribe	Subscribe	Subscribe

* HCM Applications Revenues = License + Support & Maintenance + SaaS ( Hardware and Prof. Services are Excluded )
** 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.

Sagitec Solutions Revenue Breakdown by Type:

Type	License	Services	Hardware	S&M	SaaS	PaaS	IaaS	Other	Total
% of Total Revenues	Subscribe	Subscribe	Subscribe	Subscribe	Subscribe	Subscribe	Subscribe	Subscribe	100%
Revenues, $M	Subscribe	Subscribe	Subscribe	Subscribe	Subscribe	Subscribe	Subscribe	Subscribe	Subscribe

Sagitec Solutions HCM Applications Revenues By Sub-Functional Markets, $M:

	Split by Sub-Functional Markets	% of HCM Revenue in the HR Segment	2023 HCM Revenues, By HR Segment, $M
Core HR and Performance Management	Benefits Administration	Subscribe	Subscribe
	Compliance	Subscribe	Subscribe
	Core HR and Personnel Management	Subscribe	Subscribe
	Payroll	Subscribe	Subscribe
	Pension Administration	Subscribe	Subscribe
	Compensation Management	Subscribe	Subscribe
	Learning and Development	Subscribe	Subscribe
	Performance and Goal Management	Subscribe	Subscribe
	Succession and Leadership Planning	Subscribe	Subscribe
Talent Acquisition	Applicant Tracking Systems	Subscribe	Subscribe
	Contingent Labor Management	Subscribe	Subscribe
	Candidate Relationship Management	Subscribe	Subscribe
	Onboarding	Subscribe	Subscribe
	Recruiting	Subscribe	Subscribe
	Sourcing	Subscribe	Subscribe
Workforce Management	Absence and Leave Management	Subscribe	Subscribe
	Fatigue Management	Subscribe	Subscribe
	Task Management	Subscribe	Subscribe
	Time and Attendance	Subscribe	Subscribe
	Time Clock (Hardware)	Subscribe	Subscribe
	Workforce Scheduling	Subscribe	Subscribe
	Workforce Analytics	Subscribe	Subscribe

Sagitec Solutions HCM Applications Revenues By Verticals, $M:

Split by Verticals	% of Total Revenues	2023 HCM Apps Revenues, By Verticals, $M
Aerospace and Defense	Subscribe	Subscribe
Automotive	Subscribe	Subscribe
Banking and Financial Services	Subscribe	Subscribe
Communication	Subscribe	Subscribe
Construction and Real Estate	Subscribe	Subscribe
Consumer Packaged Goods	Subscribe	Subscribe
Distribution	Subscribe	Subscribe
Education	Subscribe	Subscribe
Government	Subscribe	Subscribe
Healthcare	Subscribe	Subscribe
Insurance	Subscribe	Subscribe
Leisure and Hospitality	Subscribe	Subscribe
Life Sciences	Subscribe	Subscribe
Manufacturing	Subscribe	Subscribe
Media	Subscribe	Subscribe
Non Profit	Subscribe	Subscribe
Oil, Gas and Chemicals	Subscribe	Subscribe
Professional Services	Subscribe	Subscribe
Retail	Subscribe	Subscribe
Transportation	Subscribe	Subscribe
Utilites	Subscribe	Subscribe
Total	Subscribe	Subscribe

Sagitec Solutions Total and HCM Applications Revenues by Region:

Region	% of Total Revenues	2023 Total Revenues, $M	2023 HCM Applications Revenues, $M
Americas	Subscribe	Subscribe	Subscribe
EMEA	Subscribe	Subscribe	Subscribe
APAC	Subscribe	Subscribe	Subscribe
Total	Subscribe	Subscribe	Subscribe

Sagitec Solutions Direct vs Indirect sales

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

Sagitec Solutions Customers - Breakdown by Geo, Size, Vertical and Product

List of Verified Sagitec Solutions Customers

No. of Sagitec Solutions Customers: x

No. of Sagitec Solutions HCM Applications Customers: x

No. of Sagitec Solutions Cloud HCM Customers: x

No. of Sagitec Solutions Cloud HCM Subscribers: x

Sagitec’s platform and tailored industry solutions have helped over 35 clients to build and modernize enterprise-grade systems with speed and simplicity. Some of Sagitec customers are: Virginia Retirement System, Public School and Education Employee Retirement Systems of Missouri, Missouri Local Government Employees Retirement System, Denver Employees Retirement Plan, Kansas Public Employees Retirement System and others.

Sagitec Solutions Market Opportunities, M&A and Geo Expansions

Sagitec can venture into the healthcare sector, leveraging its platform's proficiency in managing complex processes for tasks like insurance claims and patient management. Additionally, the financial services and supply chain management industries present growth opportunities, where Sagitec's platform can streamline workflows and optimize processes for increased efficiency.

Sagitec Solutions Risks and Challenges

International expansion depends on the compliance regulations.

Sagitec Solutions Ecosystem, Partners, Resellers and SI

Sagitec Solutions mainly sells directly. Sagitec Solutions is a partner with Microsoft, and it is a provider of hosting services on Microsoft Azure.

Sagitec Solutions Cloud Platform (PaaS) and Infrastructure (IaaS) Details

Subscribe to read more about:

Sagitec Solutions Public Cloud and Infrastructure (IaaS)
Sagitec Solutions Platform (PaaS)
Sagitec Solutions Application Delivery
Sagitec Solutions 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:

https://www.appsruntheworld.com/About Us
https://www.appsruntheworld.com/taxonomy
https://www.appsruntheworld.com/FAQ