Eque2 Strengths, Domain Expertise, and Key Differentiators
Eque2 is a provider of contract management software and construction solutions, enabling businesses to achieve project completion within designated timelines and budget constraints while optimizing profit margins.
In May 2019, the company introduced the highly acclaimed Mobile Time Sheets App for Construct, designed to seamlessly integrate with Sage Job Costing Software, showcasing their dedication to innovation and enhancing operational efficiency.
On the other hand, Miracle Dynamics has earned a prominent position as a supplier of HRM technology, offering comprehensive solutions encompassing Payroll, HR, and Time and Attendance features, catering to the Microsoft Dynamics 365 Business Central On-Premise (formerly Dynamics NAV) market.
Eque2 Recent Developments
In October 2022, Eque2 entered into a strategic partnership with Payapps, a cloud-based construction software solution meticulously designed to assist contractors and subcontractors in efficiently managing the supply chain process.
Payapps facilitates the submission and assessment of applications for payment, along with the issuance of payment notices. This collaboration is poised to offer Eque2 customers an enhanced opportunity to seamlessly integrate and optimize their existing construction accounting and commercial management solutions, thereby further streamlining a crucial aspect of the project lifecycle.
Eque2 Mergers and acquisitions (M&A) Activities
In December 2020, the senior management team at Eque2, a construction software company, received backing from private equity firm WestBridge to acquire the business from its existing shareholders.
This transaction facilitated an exit for LDC, which had supported a £16 million secondary buyout with a minority investment in November 2017, along with the current institutional shareholders. Throughout its partnership with LDC, Eque2 successfully completed three acquisitions: Miracle Dynamics, JNC Solutions, and CliP IT Solutions.
Eque2 Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Eque2 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 Eque2 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 Construct Express Cloud for Sage 50, Construct for Sage 50, Construct for Sage 200, Miracle Payroll, Miracle HR, Miracle Time and Attendance, Miracle Umbrella customers.
Eque2 Overview
Ownership: - WestBridge
Number of Employees: 175
Functional Market: Time and Attendance, Core HR, Payroll,
Key Verticals: Automotive, Banking and Financial Services, Construction, Real Estate, Consumer Packaged Goods, Distribution, Leisure and Recreation, Hospitality, Life Sciences, Manufacturing, Special Cause Nonprofit, Professional Services, Retail, Utilities,
Eque2 Key Cloud and HCM Applications
Construct Express Cloud for Sage 50, Construct for Sage 50, Construct for Sage 200, Miracle Payroll, Miracle HR, Miracle Time and Attendance, Miracle Umbrella
Eque2 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.
Eque2 Revenue Breakdown by Type:
Eque2 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 | |
Eque2 HCM Applications Revenues By Verticals, $M:
Eque2 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 |
Eque2 Direct vs Indirect sales
| Region | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
Eque2 Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified Eque2 Customers
No. of Eque2 Customers: 4000
No. of Eque2 HCM Applications Customers: x
No. of Eque2 Cloud HCM Customers: x
No. of Eque2 Cloud HCM Subscribers: x
Boasting an extensive clientele of over 3000 organizations, ranging from small enterprises to large-scale corporations, their solutions have earned widespread trust and recognition in the market.
Notable among their clients are industry-leading entities such as McGowan Environmental Engineering Ltd, J P F Systems Ltd, Profixed Interiors, Aston Environmental, Bainbridge Electrical Ltd, RCA Construction, and various other distinguished names. Additionally, their subsidiary, Miracle Dynamics, serves a diverse portfolio of 1000 organizations across different sectors."
Eque2 Market Opportunities, M&A and Geo Expansions
In November 2020, Miracle Dynamics, a subsidiary of Eque2 Limited, launched MiraclePay, an advanced Payroll solution intricately designed for seamless integration with Microsoft's cloud-based Dynamics 365 Business Central platform.
Since June 2019, Eque2's Construct solutions for Sage 50 and Sage 200 have been accessible in the cloud, providing contractors the flexibility to perform tasks from any location and device at any time. This integration consolidates data from diverse sources, delivering a unified and precise representation of contract performance and profitability.
Throughout 2019, Eque2 made noteworthy progress in expanding its footprint in Ireland.
Eque2 Risks and Challenges
Strategically overseeing the evolving Dynamics reseller base of Microsoft is imperative to safeguard and enhance its future success, mitigating potential over-dependence.
Eque2 Ecosystem, Partners, Resellers and SI
Eque2 boasts strong strategic alliances with key players in the construction industry, including Microsoft and Sage.
In addition to these partnerships, Eque2 has established collaborative relationships with various organizations, such as Secura, Group BC, Open ECX, Protean Software, InspHire, Zetadocs, Jet Reports, Draycir, Reality Finance, and ExpandIT.
Eque2 Cloud Platform (PaaS) and Infrastructure (IaaS) Details
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- Eque2 Public Cloud and Infrastructure (IaaS)
- Eque2 Platform (PaaS)
- Eque2 Application Delivery
- Eque2 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
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