CoAdvantage Strengths, Domain Expertise, and Key Differentiators
CoAdvantage distinguishes itself through its unparalleled domain expertise and innovative product portfolio. The introduction of CoAdQuantum, a proprietary HR and payroll platform, exemplifies the company's commitment to leveraging advanced technologies such as AI and ML to streamline HR processes and enhance decision-making.
CoAdQuantum offers a comprehensive suite of features, including end-to-end payroll processing, invoicing, onboarding, reporting, BI analytics, and benefits administration. Its scalability, customization options, and seamless integration capabilities position CoAdvantage as a trusted partner for businesses seeking to optimize their HR operations.
CoAdvantage Recent Developments
CoAdvantage Corporation, a leader in HR services, has witnessed significant developments in recent months, reinforcing its position in the market. Notably, in November 2022, CoAdvantage appointed John Cumbee as Chief Operating Officer, a strategic move aimed at enhancing operational efficiency and driving growth. This appointment underscores the company's commitment to fostering leadership talent internally.
Moreover, CoAdvantage has demonstrated robust financial performance, marked by double-digit revenue growth and sustained profitability. These achievements reflect the company's ability to deliver value to its clients while effectively managing operational costs and resources.
CoAdvantage Mergers and acquisitions (M&A) Activities
In line with its growth strategy, CoAdvantage has actively pursued mergers and acquisitions to expand its market presence and service offerings. In November 2022, the company completed the acquisition of MomentumHR, a prominent provider of outsourced HR services based in Georgia. This strategic move bolsters CoAdvantage's foothold in the region and reinforces its commitment to delivering comprehensive HR solutions to clients nationwide.
Additionally, CoAdvantage has executed successful acquisitions in the past, including SourcePointe in Alabama and Remedy Employer Services in Florida. These transactions have enabled CoAdvantage to broaden its geographic reach and enhance its capabilities, ultimately driving value for both customers and shareholders.
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,
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, Faith-Based Nonprofit, Youth and Elderly Care, Special Cause Nonprofit, Oil and Gas, Chemicals, Professional Services, Retail, Transportation, Utilities,
CoAdvantage Key Cloud and HCM Applications
CoAdQuantum HR
CoAdvantage 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.
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 | 2023 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 | 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 |
CoAdvantage Direct vs Indirect sales
| Region | 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
With a global customer base exceeding 4,500 clients, CoAdvantage serves a diverse range of industries and regions. Notable customers include Morgan Stanley, Marriott International Inc, Pierpont Communications, and Levatas, among others. This broad clientele underscores CoAdvantage's ability to cater to the unique needs of businesses across various sectors and geographical locations.
CoAdvantage Market Opportunities, M&A and Geo Expansions
CoAdvantage is well-positioned to capitalize on emerging market opportunities driven by advancements in Cloud, IoT, AI, and ML technologies. The company's commitment to innovation and strategic partnerships enables it to offer cutting-edge solutions that address evolving customer demands and market trends.
Furthermore, CoAdvantage has identified significant growth potential in expanding its presence into new regions and verticals. By leveraging its expertise and leveraging technology, the company can unlock new avenues for revenue growth and market expansion.
CoAdvantage Risks and Challenges
Despite its strong market position, CoAdvantage faces certain risks and challenges, including adapting its services to international markets, navigating regulatory complexities, and establishing a robust presence in culturally diverse regions. Additionally, the competitive landscape and evolving customer preferences pose ongoing challenges that require proactive risk management and strategic planning.
CoAdvantage Ecosystem, Partners, Resellers and SI
CoAdvantage has cultivated a robust ecosystem of technology integrations and partnerships to enhance its service offerings and deliver greater value to customers. Collaborations with leading healthcare providers such as Kaiser Permanente underscore the company's commitment to delivering comprehensive solutions that address the holistic needs of businesses and their employees. Additionally, strategic alliances with system integrators and value-added resellers enable CoAdvantage to extend its reach and provide tailored solutions that drive business outcomes for clients.
CoAdvantage Cloud Platform (PaaS) and Infrastructure (IaaS) Details
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- CoAdvantage Public Cloud and Infrastructure (IaaS)
- CoAdvantage Platform (PaaS)
- CoAdvantage Application Delivery
- CoAdvantage 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
