AbsenceSoft Strengths, Domain Expertise, and Key Differentiators
AbsenceSoft stands out in the realm of absence management solutions with key strengths that set it apart from competitors. First and foremost is its unparalleled domain expertise, as AbsenceSoft specializes in providing technology solutions tailored to help employers .This deep understanding of the intricacies of absence management positions AbsenceSoft as a trusted partner for organizations facing these challenges. Secondly, the company boasts a comprehensive product portfolio, offering a cloud-based SaaS platform that is not only user-friendly but also adaptable to evolving needs. This versatility ensures that AbsenceSoft can cater to the diverse requirements of organizations, regardless of their size or industry. This infusion of cutting-edge technology enhances the efficiency and effectiveness of absence management processes, aligning the platform with the latest advancements in the industry.
AbsenceSoft Recent Developments
AbsenceSoft, founded in November 2013 and the creator of AbsenceTracker since April 2014, has undergone notable developments that reflect its commitment to growth and innovation. A significant milestone occurred in 2017 with the appointment of Matthew Brady as the Chief Executive Officer, marking the establishment of a newly created leadership role. Matthew Brady brings a wealth of experience in startups and technology companies, having previously served as the Co-Founder & Chief Technology Officer of a talent acquisition startup and as the Chief Operating Officer of an Internet of Things (IoT) startup that achieved acquisition success following substantial venture investment. In addition to his role as CEO, Mr. Brady has assumed a position on the AbsenceSoft Board of Directors, where he is entrusted with steering the company's strategic direction and ensuring its overall success. These recent developments, along with the latest news and press releases, underscore AbsenceSoft's commitment to fostering innovation, achieving revenue growth, and enhancing profitability in the dynamic landscape of absence management solutions.
AbsenceSoft Mergers and acquisitions (M&A) Activities
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.
AbsenceSoft Overview
Ownership: - x
Number of Employees: 165
Functional Market: Absence and Leave Management, Performance Management, Compensation,
Key Verticals: Aerospace and Defense, Automotive, Banking and Financial Services, Communications, Construction, Real Estate, Consumer Packaged Goods, Distribution, K12, 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
AbsenceTracker
AbsenceSoft HCM and Cloud HCM Applications Revenues, $M:
Type/Year | 2022 | 2023 | YoY Growth, % |
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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.
AbsenceSoft Revenue Breakdown by Type:
AbsenceSoft 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 | |
AbsenceSoft HCM Applications Revenues By Verticals, $M:
AbsenceSoft Total and HCM Applications Revenues by Region:
Region | % of Total Revenues | 2023 Total Revenues, $M | 2023 HCM Applications Revenues, $M |
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Americas | Subscribe | Subscribe | Subscribe |
EMEA | Subscribe | Subscribe | Subscribe |
APAC | Subscribe | Subscribe | Subscribe |
Total | Subscribe | Subscribe | Subscribe |
AbsenceSoft Direct vs Indirect sales
Region | Direct Sales | Indirect Sales | Total |
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Type % | Subscribe | Subscribe | Subscribe |
Revenues, $M | Subscribe | Subscribe | Subscribe |
AbsenceSoft Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified AbsenceSoft Customers
No. of AbsenceSoft Customers: 300
No. of AbsenceSoft HCM Applications Customers: 300
No. of AbsenceSoft Cloud HCM Customers: 300
No. of AbsenceSoft Cloud HCM Subscribers: 5000000
AbsenceSoft's customer landscape reflects its expanding global presence and commitment to providing innovative absence management solutions. Currently, the company boasts 300 customers, and its success stories, often highlighted through reference customer wins, underscore the effectiveness and reliability of its offerings. As AbsenceSoft endeavors to broaden its reach beyond the United States, the customer breakdown by region and industry becomes increasingly relevant. As the company continues to pursue international growth, its commitment to serving a global clientele underscores its dedication to revolutionizing absence management on a broader scale.
AbsenceSoft Market Opportunities, M&A and Geo Expansions
AbsenceSoft, following Bow River Capital's majority recapitalization, is poised to capitalize on significant opportunities in its trajectory. Firstly, the company is strategically positioned to explore and tap into both horizontal and vertical market opportunities, ensuring a diverse and expansive reach. Secondly, AbsenceSoft is well-positioned for geographical expansion, targeting new regions to broaden its market presence.
Furthermore, the infusion of capital will empower the company to embrace cutting-edge technologies offering innovation and efficiency within its software solutions. This strategic move aligns with industry trends and positions AbsenceSoft at the forefront of technological advancements. With its existing management team at the helm, AbsenceSoft is set to leverage these opportunities to accelerate growth, deliver innovative solutions, and scale comprehensively across various dimensions, marking a new chapter in its journey as a leader in absence management solutions.
AbsenceSoft Risks and Challenges
AbsenceSoft, in the context of the six identified risks encompassing internal and external challenges and go-to-market hurdles, faces a paramount concern related to the complexity of maintaining full compliance with the burgeoning array of federal, state, and municipal leave laws. As the regulatory landscape continues to evolve, the risk of non-compliance looms large, posing potential legal ramifications for organizations utilizing AbsenceSoft solutions.
Internal risks may stem from the intricate nature of navigating and adapting to the ever-changing legislative environment, while external factors such as shifting market dynamics and competitive pressures add layers of complexity to AbsenceSoft's go-to-market strategy. In this intricate dance between compliance, operational efficiency, and proactive decision support, AbsenceSoft must strategically address and mitigate these multifaceted risks to solidify its position as a reliable and indispensable component of every organization's HR infrastructure.
AbsenceSoft Ecosystem, Partners, Resellers and SI
AbsenceSoft's Ecosystem is poised for robust expansion and integration, aligning seamlessly with the company's recent achievements. With the addition of 30 new hires in the last three months, AbsenceSoft has not only doubled its team but has also established critical mass in key functions, positioning itself for accelerated development.
The technology integrations and ecosystem partnerships, along with the network effects of system integrators and value-added resellers, amplify AbsenceSoft's capacity to deliver comprehensive solutions across a spectrum of industries, reinforcing its standing as a dynamic and evolving player in the market.
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
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/taxonomy
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