ELMO Software Among HCM Top 500

Level 27, 580 George Street

Sydney, NSW, 2000, Australia

61 2 8305 4600

http://www.elmosoftware.com.au/

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ELMO Software Strengths, Domain Expertise, and Key Differentiators

ELMO is an HR Tech company in the AU/NZ region. ELMO provides innovative cloud HR and payroll technology across APAC, helping them to manage, engage, and inspire their people. Its innovative solutions are at the forefront of a disruptive technology industry, driven by the transition of organisations towards online systems which automate processes and aggregate information in new and intelligent ways. ELMO’s suite of HR, payroll and rostering / time & attendance solutions can be used together or stand-alone, and are configurable according to your organisation’s processes and workflows. The ELMO solution allows organisations to manage their HR and payroll processes within one simple platform, with a single dashboard and reporting suite.

ELMO Software Recent Developments

ELMO recently completed a $45 million capital raise. Proceeds from the placement will be used to fund future acquisitions, strengthen the balance sheet and also support ongoing research and development, sales and marketing efforts, and general corporate purposes.

In 2017, ELMO acquired Sky Payroll, PeoplePulse and LiveSalary, enabling its clients integrated, cloud-based HR and payroll solution from one single provider. Earlier, in 2016, ELMO acquired Techniworks, an e-learning solutions content provider with heavy emphasis on the public sector. Recently ELMO has hired corporate advisory firm Blackpeak Capital to help it expand as it contemplates plans to go public, according to press reports.

In May 2020, ELMO Cloud HR & Payroll (ELMO), Australia and New Zealand’s cloud-based HR, payroll and rostering / time & attendance software provider, has launched its latest module, ‘ELMO Connect’. The new module provides customers with a one-stop-shop to start instant chat messages, launch Zoom meetings and manage the array of HR and payroll requirements.

ELMO Software Mergers and acquisitions (M&A) Activities

In February 2018, ELMO acquired Pivot Software, a provider of remuneration software in Australia and New Zealand. Approximately 80% of companies across Australia and New Zealand use inefficient spreadsheets and antiquated methods to manage remuneration management processes such as salaries, bonuses, complex short-term incentives (STI) and complex long-term incentives (LTI).

Following this acquisition, ELMO will now be able to provide our customers with an automated solution to manage remuneration issues, relieving HR administrators of complex and time-intensive tasks.

ELMO plans to offer a dedicated remuneration module which provides high-quality reporting within a single integrated platform. Remuneration is highly complementary to our existing Performance and Rewards modules, all accessible from one vendor, one dashboard, and one user experience.

ELMO Software Customers in ARTW Customer Database

Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying ELMO Software 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 ELMO Software 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 ELMO Cloud HR & Payroll customers.

ELMO Software Key Cloud and HCM Applications

ELMO Cloud HR & Payroll

ELMO Software HCM and Cloud HCM Applications Revenues, $M:

Type/Year20182019YoY 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.

ELMO Software Revenue Breakdown by Type:

TypeLicenseServicesHardwareSupport & MaintenanceSaaS
% of Total Revenues Subscribe Subscribe Subscribe Subscribe Subscribe
Revenues, $M Subscribe Subscribe Subscribe Subscribe Subscribe

ELMO Software Total and HCM Applications Revenues by Region:

Region% of Total Revenues2019 Total Revenues, $M2019 HCM Applications Revenues, $M
Americas Subscribe Subscribe Subscribe
EMEA Subscribe Subscribe Subscribe
APAC Subscribe Subscribe Subscribe
Total Subscribe Subscribe Subscribe

ELMO Software Direct vs Indirect sales

RegionDirect SalesIndirect SalesTotal
Type % Subscribe Subscribe Subscribe
Revenues, $M Subscribe Subscribe Subscribe

ELMO Software Customers - Breakdown by Geo, Size, Vertical and Product

List of Verified ELMO Software Customers


No. of ELMO Software Customers: 1341

No. of ELMO Software HCM Applications Customers: 1341

No. of ELMO Software Cloud HCM Customers: 1341

No. of ELMO Software Cloud HCM Subscribers: 2 million


ELMO has secured more than 1341 customers covering two million employees, spanning SMB and mid-large enterprises with clients such as AICD, Cbus, TUH, Bank Australia and NZ Home Loans.

ELMO Software Market Opportunities, M&A and Geo Expansions

By posting high double-digit growth rates on a consistent basis over the past few years, ELMO is poised to grow further as the leading integrated cloud HR & payroll solutions provider across Australia and New Zealand.

ELMO Cloud HR & Payroll has released a suite of new video and online content to its course library, adding to the hundreds of online and video courses that are already available. The course library has been expanded to help businesses keep their staff skilled as more workers are asked to work remotely during the COVID-19 pandemic. The number of workers undertaking their roles at home is likely to continue to increase with both the Australian and New Zealand Governments urging people to work from home if they can.

ELMO Software Risks and Challenges

The purchase of Techniworks underscores ELMO's desire to expand its product portfolio especially for eLearning, which entails incorporating other content libraries and software assets from third party providers. Its purchase of Sky Payroll, LiveSalary, PeoplePulse and Pivot Software have added to ELMO's growing portfolio of integrated cloud HR & payroll solutions, covering an employee's journey from "hire to retire".

Its future lies in delivering a consistent user experience across different software assets that it owns or partners with. payroll solutions, covering an employee's journey from "hire to retire".

Its future lies in delivering a consistent user experience across different software assets that it owns or partners with.

ELMO Software Ecosystem, Partners, Resellers and SI

Primarily direct sales.

As of August 2019, ELMO, Australia and New Zealand’s cloud-based HR & payroll solutions provider is joining forces with University of Technology Sydney (UTS), Australia’s leading technology university, on an innovative AI product development project. This project will deliver predictive analytic tools that leverage artificial intelligence for ELMO’s customers across Australia and New Zealand.

ELMO Software Cloud Platform (PaaS) and Infrastructure (IaaS) Details

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  • ELMO Software Public Cloud and Infrastructure (IaaS)
  • ELMO Software Platform (PaaS)
  • ELMO Software Application Delivery
  • ELMO Software 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).


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