Flare HR Strengths, Domain Expertise, and Key Differentiators
Flare provides software to automate the hiring process of new employees, manage payroll, and other human resources functions. It helps businesses of all sizes build their HR, payroll, perks, and financial wellness platforms so that they can better engage their employees and increase their financial security.
Flare HR Recent Developments
In 2020, MYOB, a leading business management platform in Australia and New Zealand partnered with Flare. The partnership follows Flare’s successful $22 million capital raising round, with MYOB investing in the homegrown startup as part of a strategy to continue to add high-value functionality to its suite of business tools and applications, accessed by more than 1.2 million customers across Australia and New Zealand.
Flare HR Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Flare HR 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 Flare HR 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 Flare HR Onboarding, Flare HR Benefits customers.
Flare HR Overview
Ownership: - x
Number of Employees: 100
Flare HR Key Cloud and HCM Applications
Flare HR Onboarding, Flare HR Benefits
Flare HR HCM and Cloud HCM Applications Revenues, $M:
|Type/Year||2020||2021||YoY 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.
Flare HR Revenue Breakdown by Type:
|Type||License||Prof. Services||Hardware||Support & Maintenance||SaaS||PaaS||IaaS||Other (Non Enterprise Application Revenues)||Total|
|% of Total Revenues||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||100%|
Flare HR HCM Applications Revenues By Sub-Functional Markets, $M:
Split by Sub-Functional Markets
2021 HCM Revenues, By Sub-Functional Markets, $M
Flare HR HCM Applications Revenues By Verticals, $M:
Flare HR Total and HCM Applications Revenues by Region:
|Region||% of Total Revenues||2021 Total Revenues, $M||2021 HCM Applications Revenues, $M|
Flare HR Direct vs Indirect sales
|Region||Direct Sales||Indirect Sales||Total|
Flare HR Customers - Breakdown by Geo, Size, Vertical and Product
No. of Flare HR Customers: 300
No. of Flare HR HCM Applications Customers: 300
No. of Flare HR Cloud HCM Customers: 300
No. of Flare HR Cloud HCM Subscribers: 650000
Flare has more than 300 customers. Among its customers are Sephora, Knight Frank, General Pants Co, PeopleBank, Belgravia Group, Bondi Pizza, Glue, Priceline, Accor Hotel and others.
Flare HR Market Opportunities, M&A and Geo Expansions
In November 2020, Flare raised $22 million in series C fundraising and expands beyond HR into a full suite financial wellness solution.
Led by esteemed New York venture capital firm Point 72 Ventures, Flare HR has closed a Series B round of $21 million to strengthen domestic growth and become the Australian market leader.
Flare HR Risks and Challenges
Expanding its customer portfolio outside of Australia could be a challenge for the company's future growth and progress.
Flare HR Ecosystem, Partners, Resellers and SI
Flare has an open API to enable connections with core platforms and tools for payroll, recruitment, time and attendance, learning management and HRIS solutions. Some integrations are pre-built with no cost, and others require custom integration development.
Flare HR Cloud Platform (PaaS) and Infrastructure (IaaS) Details
Subscribe to read more about:
- Flare HR Public Cloud and Infrastructure (IaaS)
- Flare HR Platform (PaaS)
- Flare HR Application Delivery
- Flare HR Private Cloud and Data Centers
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:
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