Benefex Strengths, Domain Expertise, and Key Differentiators
Established in 2003, Benefex is the organization responsible for OneHub, the employee platform that provides benefits, well-being, recognition, and reward experiences to over 2.2 million employees within 900 organizations spanning 80 countries.
Benefex Recent Developments
In October 2023, Benefex introduced OneHub Wellbeing, a platform designed to assist employees in enhancing their understanding of wellbeing, managing challenges, and boosting resilience. This innovative tool offers a range of brief, low-intensity interventions within a new workplace wellbeing category. OneHub Wellbeing simplifies the process for employees to make gradual enhancements to their wellbeing, foster behavioral changes, and monitor their progress through a personal wellbeing score. Accessible 24/7 via mobile devices, employees can utilize OneHub Wellbeing at their convenience, anytime and anywhere.
Benefex Mergers and acquisitions (M&A) Activities
In October 2023, Benefex completed the acquisition of Cloud8 along with its comprehensive product lineup, aimed at enhancing the employee benefits experience for small and medium-sized enterprises (SMEs) and rapidly expanding organizations. As a result of this acquisition, the talented Cloud8 team has become an integral part of Benefex. Cloud8's user-friendly software and APIs prioritize simplicity, making it easier for SMEs to provide employee benefits and enhance the work experiences of thousands of employees across the UK. This strategic move by Benefex is set to significantly improve the landscape of employee benefits for businesses and their workforce.
In January 2022, Benefex successfully acquired Wrkit, an employee engagement platform renowned for its comprehensive product suite encompassing employee discounts, well-being programs, recognition initiatives, and communication tools. Wrkit, which has demonstrated substantial growth both in the UK and internationally in recent years, serves more than half a million employees within 300 organizations.
Benefex Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Benefex 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 Benefex 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 Benefex OneHub customers.
Benefex Overview
Ownership: - Bain Capital Private Equity
Number of Employees: 458
Functional Market: Benefits Administration, Performance Management,
Key Verticals: Aerospace and Defense, Automotive, Banking and Financial Services, Communications, Construction, Real Estate, Consumer Packaged Goods, Distribution, K12, 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, Oil and Gas, Chemicals, Professional Services, Retail, Transportation, Utilities,
Benefex Key Cloud and HCM Applications
Benefex OneHub
Benefex 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.
Benefex Revenue Breakdown by Type:
Benefex 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 | |
Benefex HCM Applications Revenues By Verticals, $M:
Benefex 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 |
Benefex Direct vs Indirect sales
Region | Direct Sales | Indirect Sales | Total |
---|---|---|---|
Type % | Subscribe | Subscribe | Subscribe |
Revenues, $M | Subscribe | Subscribe | Subscribe |
Benefex Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified Benefex Customers
No. of Benefex Customers: 900
No. of Benefex HCM Applications Customers: 900
No. of Benefex Cloud HCM Customers: 900
No. of Benefex Cloud HCM Subscribers: 2.2M
Benefex empowers over 900 organizations spanning over 80 countries, revolutionizing the experiences of over 2.2 million employees worldwide. Its esteemed clientele includes renowned companies such as Bank of Ireland, Anaplan, Sony, Diageo, DXC Technology, Salesforce, Shopify, AstraZeneca, BNY Mellon, Snowflake, London Stock Exchange Group, White & Case, and many others.
Benefex Market Opportunities, M&A and Geo Expansions
In October 2023, Benefex inaugurated an employee experience center in Cebu, Philippines, complementing its existing facility in Southampton. This new center equips Benefex to provide round-the-clock support to employees utilizing OneHub technology to access their benefits, ensuring seamless assistance regardless of their global location.
Benefex Risks and Challenges
Navigating the vast and competitive landscape of the Americas region presents a significant hurdle for companies looking to expand, requiring strategic planning and adaptability to overcome the complexities of the market. Successful expansion demands meticulous market research, innovative approaches, and a deep understanding of local preferences and regulations to surmount the challenge posed by entering the dynamic American business arena.
Benefex Ecosystem, Partners, Resellers and SI
In December 2022, Businessolver, a company specializing in benefits technology and services through SaaS, revealed a significant global collaboration with Benefex. This partnership merges the offerings of Benefex and Businessolver, establishing an unmatched global solution. Consequently, mutual clients can now implement a genuinely global strategy in the realms of technology, administration, and communication for their benefits programs.
Benefex Cloud Platform (PaaS) and Infrastructure (IaaS) Details
Subscribe to read more about:
- Benefex Public Cloud and Infrastructure (IaaS)
- Benefex Platform (PaaS)
- Benefex Application Delivery
- Benefex 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
https://www.appsruntheworld.com/FAQ