CoAdvantage Strengths, Domain Expertise, and Key Differentiators
CoAdvantage is a leading Professional Employer Organization (PEO) that provides small and mid-sized businesses with a comprehensive suite of outsourced human resource solutions. By integrating payroll and tax processing, employee benefits administration, risk management, regulatory compliance, and core HR services into a single, streamlined platform, the company helps clients reduce administrative burdens and access cost-effective employee benefits.
With a team of seasoned HR professionals and a flexible, technology-driven approach, CoAdvantage delivers personalized solutions across a broad range of industries. This empowers business leaders to focus on strategic growth and development while ensuring operational efficiency.
CoAdvantage Recent Developments
CoAdvantage has delivered strong financial performance, highlighted by double-digit revenue growth and consistent profitability. These accomplishments underscore the company’s ability to generate value for its clients while effectively optimizing operational costs and resources.
CoAdvantage Mergers and acquisitions (M&A) Activities
CoAdvantage has delivered strong financial performance, highlighted by double-digit revenue growth and consistent profitability. These accomplishments underscore the company’s ability to generate value for its clients while effectively optimizing operational costs and resources.
CoAdvantage Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying CoAdvantage 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 CoAdvantage 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 CoAdQuantum HR customers.
CoAdvantage Overview
Ownership: - Aquiline Capital Partners
Number of Employees: 550
Functional Market: Workforce Analytics, Time and Attendance, Payroll, Benefits Administration, Compliance, Onboarding, Recruiting, Applicant Tracking Systems, Performance Management, Learning and Development, Compensation Management,
Key Verticals: Aerospace and Defense, Automotive, Banking and Financial Services, Communication, Construction and Real Estate, CPG, Distribution, Education, Government, Healthcare, Insurance, Leisure and Hospitality, Life Sciences, Manufacturing, Media, Non Profit, Oil Gas Chemicals, Professional Services, Retail, Transportation, Utility,
CoAdvantage Key Cloud and HCM Applications
CoAdQuantum HR
CoAdvantage HCM and Cloud HCM Applications Revenues, $M:
| Type/Year | 2023 | 2024 | 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.
CoAdvantage Revenue Breakdown by Type:
CoAdvantage HCM Applications Revenues By Sub-Functional Markets, $M:
Split by Sub-Functional Markets | % of HCM Revenue in the HR Segment | 2024 HCM Revenues, By HR Segment, $M | |
CoAdvantage HCM Applications Revenues By Verticals, $M:
CoAdvantage Total and HCM Applications Revenues by Region:
| Region | % of Total Revenues | 2024 Total Revenues, $M | 2024 HCM Applications Revenues, $M |
|---|---|---|---|
| Americas | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe |
CoAdvantage Direct vs Indirect sales
| Type | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
CoAdvantage Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified CoAdvantage Customers
No. of CoAdvantage Customers: 4500
No. of CoAdvantage HCM Applications Customers: 4500
No. of CoAdvantage Cloud HCM Customers: x
No. of CoAdvantage Cloud HCM Subscribers: x
CoAdvantage supports a global customer base of more than 4,500 clients across a diverse range of industries and regions. Notable clients include Morgan Stanley, Marriott International, Pierpont Communications, and Levatas, among others. This broad and varied clientele highlights CoAdvantage’s capability to address the unique needs of businesses across multiple sectors and geographic markets.
CoAdvantage Market Opportunities, M&A and Geo Expansions
CoAdvantage is well-positioned to seize emerging market opportunities fueled by advancements in cloud computing, the Internet of Things (IoT), artificial intelligence (AI), and machine learning (ML). The company’s strong focus on innovation, coupled with strategic partnerships, enables it to deliver advanced, forward-looking solutions that effectively address evolving customer needs and dynamic market trends.
CoAdvantage Risks and Challenges
Despite its strong market position, CoAdvantage faces several challenges, including the need to adapt its services for international markets, navigate complex regulatory environments, and establish a solid presence in culturally diverse regions. Additionally, the evolving competitive landscape and shifting customer preferences present ongoing obstacles that demand proactive risk management and strategic planning.
CoAdvantage Ecosystem, Partners, Resellers and SI
In 2024, the company continued its expansion with the opening of two new offices in Murfreesboro, TN, and Long Beach, CA. This growth reflects CoAdvantage’s ongoing commitment to job creation in the communities it serves and to enhancing the customer experience for businesses nationwide.
CoAdvantage has developed a strong ecosystem of technology integrations and strategic partnerships to enhance its service portfolio and deliver greater value to its customers. Collaborations with leading healthcare providers, including Kaiser Permanente, reflect the company’s commitment to offering comprehensive, end-to-end solutions that address the diverse needs of both businesses and their employees. Additionally, partnerships with system integrators and value-added resellers expand CoAdvantage’s market reach and enable the delivery of customized solutions that drive measurable business outcomes for its clients.
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
