Goco.io Strengths, Domain Expertise, and Key Differentiators
GoCo is easy to use all-in-one HR and benefits platform for businesses. Founded in 2015 and headquartered in Houston, TX, the company’s mission is to help businesses and their employees gain freedom from scattered, complex, and outdated systems by delivering a delightful experience.
Goco.io Recent Developments
In September 2021, GoCo.io added a COVID-19 compliance tracking tool to its all-in-one core HR platform. The new solution is GoCo’s latest innovation, responding to the growing number of organizations that are requiring employees to share vaccination status.
Furthermore, in September, the same year, GoCo.io unveiled significant upgrades to its dynamic MagicDocs feature, which add greater customization and improve eSignature productivity and flexibility for HR departments when creating and using e-documents.
During the COVID-19 pandemic, Goco is committed to help small businesses navigate the families' first coronavirus response act (FFCRA) & provide free HRIS for essential care workers.
Goco.io Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Goco.io 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 Goco.io 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 GoCo customers.
Ownership: - Salesforce Ventures, ATX Seed Ventures, New Media Investment Group, GIS Strategic Ventures, Guardian Life Insurance
Number of Employees: 130
Key Verticals: Aerospace and Defense, Automotive, Banking and Financial Services, Communication, Construction, Real Estate, Consumer Packaged Goods, Distribution, K495, 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,
Goco.io Key Cloud and HCM Applications
Goco.io 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.
Goco.io 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%|
Goco.io HCM Applications Revenues By Sub-Functional Markets, $M:
Split by Sub-Functional Markets
2021 HCM Revenues, By Sub-Functional Markets, $M
Goco.io HCM Applications Revenues By Verticals, $M:
Goco.io Total and HCM Applications Revenues by Region:
|Region||% of Total Revenues||2021 Total Revenues, $M||2021 HCM Applications Revenues, $M|
Goco.io Direct vs Indirect sales
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Goco.io Customers - Breakdown by Geo, Size, Vertical and Product
No. of Goco.io Customers: 6200
No. of Goco.io HCM Applications Customers: 6200
No. of Goco.io Cloud HCM Customers: x
No. of Goco.io Cloud HCM Subscribers: 100000
GoCo.io has around 6,200 customers of all sizes and verticals, including retail and gym franchises, school districts, technology companies, real estate brokerages, healthcare hospitality organizations, and more. Among its customers are: RhinoPro Truck Outfitters, Real-Time Medical Systems, Dom & Tom, Synstelien Community Services, Comit Developers, Caliper Foods, Stoughton School District, Toppers Pizza, QuotaPath, Hammer Down, SHIFT, Search Wizards, Textbroker, and more.
Goco.io Market Opportunities, M&A and Geo Expansions
In January 2019, GoCo.io raised $7 million in a Series A round led by ATX Seed Ventures. UpCurve, a wholly-owned subsidiary of New Media Investment Group, also participated in the funding as a strategic investor. The round brings the company’s total funding to $12.5 million. Other backers include Salesforce Ventures and GIS Strategic Ventures, the venture arm of Guardian Life Insurance.
Goco.io Risks and Challenges
GoCo.io has a freemium approach which appears to be effective at first, but sustaining it with sponsorship support alone may require further tweaking.
Goco.io Ecosystem, Partners, Resellers and SI
GoCo has a solid partnership network with employee benefit insurance agencies like OneDigital and PayneWest, and general agencies like Word & Brown, to offer GoCo’s technology as an enhancement to their existing insurance benefits services clients. GoCo also auto-syncs with leading payroll providers ADP, Paychex, Paylocity, Intuit Quickbooks, and more, thus uniquely enabling businesses to maintain their benefits broker and payroll provider by integrating with GoCo’s platform.
Goco.io Cloud Platform (PaaS) and Infrastructure (IaaS) Details
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- Goco.io Public Cloud and Infrastructure (IaaS)
- Goco.io Platform (PaaS)
- Goco.io Application Delivery
- Goco.io 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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