AbsenceSoft Strengths, Domain Expertise, and Key Differentiators
AbsenceSoft is a provider of technology solutions to help employers more efficiently and cost-effectively manage FMLA, LOA, Disability, and ADA. AbsenceSoft has developed a cloud-based SaaS platform that is easy to use and flexible as needs evolve. Many of the largest, most reputable, and fastest-growing organizations in the United States, ranging in size from 500 to 500,000 employees, are using AbsenceSoft.
AbsenceSoft Recent Developments
AbsenceSoft was founded in November 2013 and released AbsenceTracker in April 2014.
In 2017 Matthew Brady has been appointed to the newly created role of Chief Executive Officer. Brady has a wealth of experience in startups and technology companies. He was previously Co-Founder & Chief Technology Officer of a startup in the talent acquisition sector. Prior to that, he was the Chief Operating Officer of an Internet of Things (IoT) startup that was acquired after receiving significant venture investment. Mr.Brady has also joined the AbsenceSoft Board of Directors and is responsible for the strategic direction and overall success of AbsenceSoft.
AbsenceSoft Mergers and acquisitions (M&A) Activities
In November 2021, AbsenceSoft a platform for absence management, acquired Presagia, a cloud-based leave management solutions provider based in Montreal. By adding Presagia’s strong expertise and capabilities to AbsenceSoft’s product suite, AbsenceSoft expanded its ability to improve employer and employee experiences in the highly complex and ever-changing leave law landscape.
AbsenceSoft Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying AbsenceSoft 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 AbsenceSoft 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 AbsenceTracker customers.
Ownership: - x
Number of Employees: 115
Key Verticals: Aerospace and Defense, Automotive, Banking and Financial Services, Communication, Construction, Real Estate, Consumer Packaged Goods, Distribution, K214, Higher Education, 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,
AbsenceSoft Key Cloud and HCM Applications
AbsenceSoft HCM and Cloud HCM Applications Revenues, $M:
|Type/Year||2020||2021||YoY Growth, %|
|Total Revenues, $M||Subscribe||Subscribe||Subscribe|
|HCM Applications Revenues, $M||Subscribe||Subscribe||Subscribe|
|Cloud 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.
AbsenceSoft Revenue Breakdown by Type:
|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%|
AbsenceSoft HCM Applications Revenues By Sub-Functional Markets, $M:
Split by Sub-Functional Markets
2021 HCM Revenues, By Sub-Functional Markets, $M
AbsenceSoft HCM Applications Revenues By Verticals, $M:
AbsenceSoft Total and HCM Applications Revenues by Region:
|Region||% of Total Revenues||2021 Total Revenues, $M||2021 HCM Applications Revenues, $M|
AbsenceSoft Direct vs Indirect sales
|Region||Direct Sales||Indirect Sales||Total|
AbsenceSoft Customers - Breakdown by Geo, Size, Vertical and Product
No. of AbsenceSoft Customers: x
No. of AbsenceSoft HCM Applications Customers: x
No. of AbsenceSoft Cloud HCM Customers: x
No. of AbsenceSoft Cloud HCM Subscribers: x
AbsenceSoft is looking to extend its customer list outside the United States.
AbsenceSoft Market Opportunities, M&A and Geo Expansions
In April 2019 Bow River Capital completed a majority recapitalization of AbsenceSoft, a proven provider of software solutions to help employers more efficiently and cost-effectively manage FMLA, disability, ADA, and other forms of absence leave. AbsenceSoft’s current management team will continue to lead the organization. The investment from Bow River will enable the company to accelerate growth, rapidly deliver on innovations within its product suite, and scale across every dimension.
AbsenceSoft Risks and Challenges
Maintaining full compliance with the federal and ever-growing number of state and municipal leave laws is becoming increasingly difficult for organizations of all sizes. Compliance, operating efficiencies, and proactive decision support are critical elements across every organization’s HR infrastructur
AbsenceSoft Ecosystem, Partners, Resellers and SI
AbsenceSoft welcomed 30 new hires in the last 3 months, effectively doubling the team and establishing critical mass in each key function. A lease on new office space has been signed, allowing for the company to establish a headquarters that will serve as a base for additional growth over time. Commensurate with this team growth, AbsenceSoft has signed numerous clients representing healthcare, academia, retail, and third party administration.
AbsenceSoft Cloud Platform (PaaS) and Infrastructure (IaaS) Details
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- AbsenceSoft Public Cloud and Infrastructure (IaaS)
- AbsenceSoft Platform (PaaS)
- AbsenceSoft Application Delivery
- AbsenceSoft Private Cloud and Data Centers
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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