TransparentBusiness Strengths, Domain Expertise, and Key Differentiators
TransparentBusiness is designed to help its clients increase freelancer productivity, protect client budgets from overbilling, allow coordination and monitoring of their work force, and provide real-time information on the cost and status of all tasks and projects. TransparentBusiness stimulates workforce productivity and accountability by bringing transparency to how working time is spent. The company raised $50.5 million since launching in four rounds of funding. The fundraising strategy has proven very successful, and the money that the company raised will be used to initiate a rapid expansion plan to transform the company's position into domination of the market for business transparency solutions.
TransparentBusiness Recent Developments
In April 2021, TransparentBusiness became a majority owner of Unicorns, Inc., obtaining a 66.67% interest. Unicorns, Inc is producing the show "Unicorn Hunters", which is a new investment platform that spotlights emerging growth companies looking to hit the coveted $1B “unicorn” valuation mark, while rallying individual investors worldwide to help fund these breakout ventures.
In November, 2020, the Company acquired a 51% interest of ITSQuest in a stock acquisition. ITSQuest is an HR Outsourcing and Staffing Firm that provides enterprises with Pre and Post Employment positions and Industry Specific Assessments, Testing, Vetting, Profiles, Training, Recruiting, Staffing, and Contract Project Management.
TransparentBusiness Mergers and Acquisitions (M&A) Activities
In April, 2021, TransparentBusiness became a majority owner of Unicorns, Inc., obtaining a 66.67% interest. Unicorns, Inc is producing the show "Unicorn Hunters", which is a new investment platform that spotlights emerging growth companies looking to hit the coveted $1B “unicorn” valuation mark, while rallying individual investors worldwide to help fund these breakout ventures.
In November, 2020, the Company acquired a 51% interest of ITSQuest in a stock acquisition. ITSQuest is an HR Outsourcing and Staffing Firm that provides enterprises with Pre and Post Employment positions and Industry Specific Assessments, Testing, Vetting, Profiles, Training, Recruiting, Staffing, and Contract Project Management.
TransparentBusiness Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying TransparentBusiness 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 TransparentBusiness 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 TransparentBusiness Cloud, SheWorks!, Yandiki, CloudWorking Academy customers.
TransparentBusiness Overview
Ownership: - x
Number of Employees: 100
Functional Markets: HCM,
Key Verticals: Aerospace and Defense, Automotive, Banking and Financial Services, Communication, Construction, Real Estate, Consumer Packaged Goods, Distribution, K219, 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,
TransparentBusiness Key Enterprise and Cloud Applications
TransparentBusiness Cloud, SheWorks!, Yandiki, CloudWorking Academy
TransparentBusiness 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.
TransparentBusiness 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 |
TransparentBusiness Enterprise Applications Revenues By Functional Markets, $M:
TransparentBusiness Enterprise Applications Revenues By Verticals, $M:
TransparentBusiness 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 |
TransparentBusiness Direct vs Indirect sales
| Region | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
TransparentBusiness Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified TransparentBusiness Customers
No. of TransparentBusiness Customers: 9000
No. of TransparentBusiness Enterprise Applications Customers: x
No. of TransparentBusiness Cloud Customers: x
No. of TransparentBusiness Cloud Subscribers: 30000
TransparentBusiness has 9,000 clients in 142 countries including: Sony, DDB, Grupo Cars, HP, Google, Twitter, MasterCard, Crackle and others.
TransparentBusiness Market Opportunities, M&A and Geo Expansions
In 2021, TransparentBusiness reported SaaS gross profit grew 989% from 2019 to 2020, this is very promising and telling of the organizations' direction.
In February 2020 TransparentBusiness has completed its second round of financing, bringing the total amount raised to over $6 million. TransparentBusiness investors include current and former executives of Morgan Stanley, Merrill Lynch, J.P. Morgan, Stifel, Bank of America, Barclays Global Investors, UBS, Wells Fargo, Goldman Sachs, Citigroup, Trust Company of the West, Deutsche Bank and Accenture.
TransparentBusiness Risks and Challenges
TransparentBusiness business model is about providing remote workforce management through a SAAS platform which they hope will gain traction with the growing remote working and work from home trends. Their revenues are minimal at this point in time, but they are banking on legislative changes in the USA to drive their business and revenues. As they are an emerging company in a very unstable environment this strategy can be designated as high risk.
TransparentBusiness Ecosystem, Partners, Resellers and SI
TransparentBusiness is an integrated partner of ADP, a technology partner of Facebook, SAP, Cisco, Google, and Microsoft and is also creating an ecosystem of talent exchanges, including its subsidiaries SheWorks! and Yandiki, as well as private talent exchanges for companies and organizations around the world.
TransparentBusiness Cloud Infrastructure Insights
Subscribe to read more about:
- TransparentBusiness Public Cloud and Infrastructure (IaaS)
- TransparentBusiness Platform (PaaS)
- TransparentBusiness Application Delivery
- TransparentBusiness 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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