Grupo SPEC Strengths, Domain Expertise, and Key Differentiators
Grupo SPEC specializes in time and attendance and data collection devices in Spanish-speaking countries.
Grupo SPEC Recent Developments
GRUPO SPEC is the leader in delivering time and attendance management, access control and security solutions thanks to its unceasing effort in product innovation and design capacity – developing software and manufacturing its own hardware solutions – and for providing an outstanding quality service to all its clients.
Grupo SPEC Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Grupo SPEC 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 Grupo SPEC 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 netTime 5, customers.
Grupo SPEC Overview
Ownership: - x
Number of Employees: 90
Functional Market: Time and Attendance,
Key Verticals: Aerospace and Defense, Automotive, Banking and Financial Services, Communication, 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 Nonprofit, Special Cause Nonprofit, Oil and Gas, Professional Services, Retail, Transportation, Utilities,
Grupo SPEC Key Cloud and HCM Applications
Grupo SPEC HCM and Cloud HCM Applications Revenues, $M:
|Type/Year||2018||2019||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.
Grupo SPEC Revenue Breakdown by Type:
|Type||License||Services||Hardware||Support & Maintenance||SaaS|
|% of Total Revenues||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe|
Grupo SPEC HCM Applications Revenues By Sub-Functional Markets, $M:
Split by Sub-Functional Markets
2019 HCM Revenues, By Sub-Functional Markets, $M
Grupo SPEC HCM Applications Revenues By Verticals, $M:
Grupo SPEC Total and HCM Applications Revenues by Region:
|Region||% of Total Revenues||2019 Total Revenues, $M||2019 HCM Applications Revenues, $M|
Grupo SPEC Direct vs Indirect sales
|Region||Direct Sales||Indirect Sales||Total|
Grupo SPEC Customers - Breakdown by Geo, Size, Vertical and Product
No. of Grupo SPEC Customers: 12000
No. of Grupo SPEC HCM Applications Customers: 12000
No. of Grupo SPEC Cloud HCM Customers: x
No. of Grupo SPEC Cloud HCM Subscribers: x
Grupo SPEC has over 12,000 clients and 15,000 installations around the world.
Grupo SPEC Market Opportunities, M&A and Geo Expansions
In September 2019, SPEC Group appointed its previous manager in Latin America, Marcelo Dos Reis,as the company's new CEO.
In 2019, SPEC Group increases sales by 35% since the launch of the new hourly control law. Currently, the company serves more than 12,000 customers in 45 countries.
Grupo Spec which has registered a growth of more than 12% during this 2018, reaching more than 10 million euros of turnover. Indicated that 25% of sales correspond to exports, thanks to the definitive entry into Mexico and the 40% growth experienced in the Portuguese country. In 2018, SPEC technology group enters Mexico through its partner GSA Consulting, thereby strengthening its presence in Latin America. Recovering the economy in Spain could boost Grupo SPEC's growth plans for 2017.
Grupo SPEC Risks and Challenges
Scaling out to better compete with Meta4 both in terms of branding and HR product maturing will be key to Grupo SPEC's long-term success.
Grupo SPEC Ecosystem, Partners, Resellers and SI
Primarily direct sales with channel programs.
Grupo SPEC Cloud Platform (PaaS) and Infrastructure (IaaS) Details
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- Grupo SPEC Public Cloud and Infrastructure (IaaS)
- Grupo SPEC Platform (PaaS)
- Grupo SPEC Application Delivery
- Grupo SPEC 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).
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