Awardco Strengths, Domain Expertise, and Key Differentiators
Awardco is an Employee Recognition and Engagement platform - and is the only such platform to partner with Amazon Business. Awardco is designed to help businesses achieve better employee engagement through rewarding recognition. Through its functions such as Recognize, Celebrate, Reward, Earn and Manage, admins can manage peer nominations, reward budgets, approval workflows, onboarding programs, and service awards, and can build custom-branded catalogs for reward items such as charity donations, gift cards, and more.
Awardco Recent Developments
In May 2021, Awardco introduced a new feature for its employee recognition and rewards platform called Earn. This new function is a simple way to let employees claim their own rewards for hitting goals or completing tasks. With Earn, users can easily incentivize employees by offering points in the Awardco platform upon completion of any task. The admin of the platform can decide what the programs are for, the budget, and what it takes to qualify.
Awardco Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Awardco 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 Awardco 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 Awardco Platform customers.
Ownership: - x
Number of Employees: 350
Functional Market: Performance Management,
Key Verticals: Aerospace and Defense, Automotive, Banking and Financial Services, Communication, Construction, Consumer Packaged Goods, Distribution, K68, Higher Education, Healthcare, Life Insurance, P&C Insurance, Specialty Insurance, Leisure and Recreation, Hospitality, Life Sciences, Manufacturing, Media, Youth and Elderly Care, Special Cause Nonprofit, Oil and Gas, Chemicals, Professional Services, Retail, Transportation, Utilities,
Awardco Key Cloud and HCM Applications
Awardco 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.
Awardco 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%|
Awardco HCM Applications Revenues By Sub-Functional Markets, $M:
Split by Sub-Functional Markets
2021 HCM Revenues, By Sub-Functional Markets, $M
Awardco HCM Applications Revenues By Verticals, $M:
Awardco Total and HCM Applications Revenues by Region:
|Region||% of Total Revenues||2021 Total Revenues, $M||2021 HCM Applications Revenues, $M|
Awardco Direct vs Indirect sales
|Region||Direct Sales||Indirect Sales||Total|
Awardco Customers - Breakdown by Geo, Size, Vertical and Product
No. of Awardco Customers: 1000
No. of Awardco HCM Applications Customers: 1000
No. of Awardco Cloud HCM Customers: 1000
No. of Awardco Cloud HCM Subscribers: 3.34 Million
The Awardco Platform is used by over 1000 clients with 3.34 million users in 141 countries around the world. Some of its customers are: Southwest Gas, Lendio, Hertz, Fremont Bank, America First Credit Union, APTIVE Environmental, ARUP Laboratories, Huron Capital, Texas Roadhouse, First Choice Health, Hunt Brothers Pizza, Pacific Life, and TaylorMade.
Awardco Market Opportunities, M&A and Geo Expansions
In October 2021, Awardco, the employee rewards and recognition software company, announced that it raised $65 million in Series A funding to pioneer a new future for rewards, recognition, and compensation. This was the largest Series A funding in HR SaaS history and boosts Awardco's valuation to more than $900 million. The funding was led by General Catalyst and Ryan Smith, Qualtrics co-founder and Utah Jazz majority owner.
Awardco Risks and Challenges
Awardco runs into a risk of being overshadowed in the near future by the ever-growing competition in the employee recognition software space.
Awardco Ecosystem, Partners, Resellers and SI
Awardco is the only recognition program to integrate with Amazon Business, providing millions of options that allow employees to redeem from the world’s largest reward network. Awardco's comprehensive and accessible software eliminates markups and gives employees access to a wider selection of products from Amazon Business, as well as fast, convenient shipping options. Other integrations include: Slack, Microsoft Teams, Okta, BambooHR, and many others.
Awardco Cloud Platform (PaaS) and Infrastructure (IaaS) Details
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- Awardco Public Cloud and Infrastructure (IaaS)
- Awardco Platform (PaaS)
- Awardco Application Delivery
- Awardco 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).
For additional information on our methodologies, here's the link:
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