Empyrean Benefit Solutions, Inc. Strengths, Domain Expertise, and Key Differentiators
Empyrean stands as a beacon of progress, empowering organizations to unlock the full potential of their workforce and cultivate vibrant workplace cultures. With its unwavering dedication to service excellence, domain expertise, and cutting-edge AI/ML features, Empyrean is poised to lead the charge toward a future where employee engagement and organizational success go hand in hand. As businesses navigate the complexities of the modern landscape, Empyrean remains steadfast in its mission to redefine the way organizations manage employee benefits and drive sustainable growth.
Empyrean Benefit Solutions, Inc. Recent Developments
Empyrean benefits administration technology platform and service provider launch his new website and brand messaging aligned with the organization’s mission to help employers create positive workplace cultures by connecting their employees to life-enriching benefits. Empyrean’s new brand message makes a strong connection between the role benefits play in building a company’s culture and positive organizational outcomes tied to total employee health and wellness. The brand strategy reflects Empyrean’s product roadmap, as the company continues to develop and roll out employee-centric technologies and services along with strategic carrier and service partnerships designed to improve employee experiences and strengthen employer brands.
Empyrean Benefit Solutions, Inc. Mergers and acquisitions (M&A) Activities
The acquisition of Enspire by Empyrean exemplifies a strategic move aimed at fortifying the company's position as a leader in the HR technology landscape. This bold step not only expands Empyrean's portfolio but also underscores its commitment to delivering unparalleled value to its clientele. The financial implications of this acquisition signal Empyrean's readiness to invest in transformative technologies that drive innovation and foster organizational excellence. As Empyrean continues to forge ahead in its growth trajectory, this strategic acquisition sets the stage for further expansion and consolidation within the industry.
Securian Financial Group, Inc. signed a definitive agreement to acquire Empyrean Benefit Solutions, a provider of employee benefits enrollment and human resources administration solutions. Empyrean will remain an independently operated organization,
Empyrean Benefit Solutions, Inc. Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Empyrean Benefit Solutions, Inc. 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 Empyrean Benefit Solutions, Inc. 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 Empyrean Benefit, Empyrean Connect customers.
Empyrean Benefit Solutions, Inc. Overview
Ownership: - Securian Financial Group, Inc
Number of Employees: 700
Functional Market: Benefits Administration,
Key Verticals: 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,
Empyrean Benefit Solutions, Inc. Key Cloud and HCM Applications
Empyrean Benefit, Empyrean Connect
Empyrean Benefit Solutions, Inc. HCM and Cloud HCM Applications Revenues, $M:
Type/Year | 2022 | 2023 | YoY Growth, % |
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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.
Empyrean Benefit Solutions, Inc. Revenue Breakdown by Type:
Empyrean Benefit Solutions, Inc. 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 | |
Empyrean Benefit Solutions, Inc. HCM Applications Revenues By Verticals, $M:
Empyrean Benefit Solutions, Inc. Total and HCM Applications Revenues by Region:
Region | % of Total Revenues | 2023 Total Revenues, $M | 2023 HCM Applications Revenues, $M |
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Americas | Subscribe | Subscribe | Subscribe |
EMEA | Subscribe | Subscribe | Subscribe |
APAC | Subscribe | Subscribe | Subscribe |
Total | Subscribe | Subscribe | Subscribe |
Empyrean Benefit Solutions, Inc. Direct vs Indirect sales
Region | Direct Sales | Indirect Sales | Total |
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Type % | Subscribe | Subscribe | Subscribe |
Revenues, $M | Subscribe | Subscribe | Subscribe |
Empyrean Benefit Solutions, Inc. Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified Empyrean Benefit Solutions, Inc. Customers
No. of Empyrean Benefit Solutions, Inc. Customers: 400
No. of Empyrean Benefit Solutions, Inc. HCM Applications Customers: 400
No. of Empyrean Benefit Solutions, Inc. Cloud HCM Customers: x
No. of Empyrean Benefit Solutions, Inc. Cloud HCM Subscribers: 6.5 million
With over 400 clients and a staggering 6,500,000 participants on its platform, Empyrean Benefit's reach is both extensive and impactful. The company's relentless commitment to customer satisfaction is underscored by its impressive roster of reference customer wins, cementing its reputation as a trusted partner in the HR landscape. Moreover, Empyrean's customer base spans diverse regions and industries, showcasing its universal appeal and adaptability to varied organizational contexts.
Empyrean Benefit Solutions, Inc. Market Opportunities, M&A and Geo Expansions
The launch of Empyrean Pilot+ heralds a new era of market opportunities, both on horizontal and vertical levels. Empyrean positions itself as a preferred partner for businesses across diverse industries. The scalability and adaptability of Pilot+ facilitate seamless expansion into new regions and markets, driving sustained growth and market penetration. Moreover, by embracing emerging technologies, Empyrean remains at the forefront of industry innovation, attracting clients seeking forward-thinking benefits solutions.
Empyrean Benefit Solutions, Inc. Risks and Challenges
Expanding worldwide is going to be a challenge for Empyrean. Despite the immense potential, venturing into new territories entails inherent risks, ranging from cultural barriers and geopolitical uncertainties to currency fluctuations and market volatility. Moreover, as Empyrean navigates unfamiliar landscapes, it must contend with internal challenges such as organizational alignment, resource allocation, and operational scalability. To mitigate these risks, Empyrean must conduct thorough market research, establish local partnerships, and tailor its go-to-market strategy to suit regional preferences and regulatory requirements. By taking a proactive approach to risk management and leveraging agile methodologies, Empyrean can minimize disruptions and maximize its chances of success in new markets.
Empyrean Benefit Solutions, Inc. Ecosystem, Partners, Resellers and SI
The strategic partnership between Empyrean Benefit Solutions and Benefits Science Technologies represents a paradigm shift in healthcare benefit analytics. By harnessing the power of predictive analytics, cloud computing, and ecosystem partnerships, the two companies are poised to redefine the future of benefits management.
Empyrean's ecosystem extends far beyond its physical offices, encompassing a vast network of technology integrations and strategic partnerships. Collaborations with industry leaders such as Voya, Sun Life Financial, MetLife, and Guardian enrich Empyrean's offerings, providing clients with access to a comprehensive suite of benefits solutions. Through seamless integrations with key players in the benefits ecosystem, Empyrean enhances interoperability and drives value for its clients. In fostering partnerships with system integrators, Empyrean amplifies the reach and impact of its solutions, leveraging synergies to deliver end-to-end benefits administration capabilities. Collaborative efforts with renowned system integrators enable Empyrean to streamline implementation processes, accelerate time-to-value, and unlock new avenues for innovation. By aligning with leading integrators, Empyrean strengthens its position as a preferred partner for organizations seeking transformative benefits solutions. Value-Added Reseller Dynamics: Empyrean's extensive network of value-added resellers (VARs) plays a pivotal role in expanding market reach and driving the adoption of its innovative solutions. Through strategic alliances with VARs such as BlueCross BlueShield, eyemed, and OptumBank, Empyrean extends its presence across diverse industry verticals, catering to the unique needs of clients and beneficiaries. VAR partnerships facilitate localized support, market expertise, and tailored solutions, empowering Empyrean to deliver value at scale.
Empyrean Benefit Solutions, Inc. Cloud Platform (PaaS) and Infrastructure (IaaS) Details
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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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