Lathem Strengths, Domain Expertise, and Key Differentiators
Lathem’s strengths lie in its early-mover advantage, domain expertise, and a diversified portfolio that spans: Biometric time and attendance systems, Cloud-based software (PayClock Online), Synchronized clock systems, and Small business access control solutions.
What truly sets Lathem apart is its ability to embed AI and ML capabilities into hardware like the CT74, improving accuracy, speed, and security in employee verification. By using machine learning to encode facial features as data points rather than images, the system ensures privacy compliance and protects against data breaches.
Moreover, the cloud-native architecture of PayClock Online allows real-time reporting, geo-fencing, mobile access, and multi-device synchronization, offering SMBs enterprise-grade features without the overhead.
Lathem Recent Developments
Lathem recently launched the CT74 biometric time clock, an evolution of its FaceIN series originally introduced in 2010. The CT74 combines contactless AI-driven face recognition with seamless cloud integration via PayClock Online, a powerful SaaS offering that empowers businesses to manage time and attendance from anywhere in the world.
This launch could not come at a more strategic moment. In the post-pandemic era, demand for hygienic, contactless time tracking has surged, particularly in brick-and-mortar industries such as healthcare, hospitality, retail, and manufacturing. Though Lathem does not publicly disclose revenue or profit data, its installed base of over 300,000 customers worldwide is a strong indicator of sustained growth and market trust.
Lathem Mergers and acquisitions (M&A) Activities
No M&A activities in the last 12 months.
Lathem Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Lathem 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 Lathem 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 PayClock Online customers.
Lathem Overview
Ownership: - x
Number of Employees: 100
Functional Market: Time and Attendance,
Key Verticals: Aerospace and Defense, Automotive, Banking and Financial Services, Communication, Construction and Real Estate, CPG, Distribution, Education, Government, Healthcare, Insurance, Leisure and Hospitality, Life Sciences, Manufacturing, Media, Non Profit, Oil Gas Chemicals, Professional Services, Retail, Transportation, Utility,
Lathem Key Cloud and HCM Applications
PayClock Online
Lathem HCM and Cloud HCM Applications Revenues, $M:
| Type/Year | 2023 | 2024 | 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.
Lathem Revenue Breakdown by Type:
Lathem HCM Applications Revenues By Sub-Functional Markets, $M:
Split by Sub-Functional Markets | % of HCM Revenue in the HR Segment | 2024 HCM Revenues, By HR Segment, $M | |
Lathem HCM Applications Revenues By Verticals, $M:
Lathem Total and HCM Applications Revenues by Region:
| Region | % of Total Revenues | 2024 Total Revenues, $M | 2024 HCM Applications Revenues, $M |
|---|---|---|---|
| Americas | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe |
Lathem Direct vs Indirect sales
| Type | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
Lathem Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified Lathem Customers
No. of Lathem Customers: 300000
No. of Lathem HCM Applications Customers: 300000
No. of Lathem Cloud HCM Customers: x
No. of Lathem Cloud HCM Subscribers: x
Lathem serves a diverse global customer base exceeding 300,000 businesses, cutting across industries such as hospitality, law enforcement, healthcare, retail, and manufacturing. Notable clients include: Holiday Inn Express, The Town of Franklin, Crime Prevention Agency ATL, Cornerstone Pediatrics, 2 Guys Caterers, and others.
Its footprint is especially strong among U.S.-based SMBs, a segment that increasingly demands affordable, secure, and easy-to-deploy time and attendance solutions. The company’s customer diversity is a significant strength, de-risking reliance on any one vertical and providing resilience in fluctuating economic cycles.
Lathem Market Opportunities, M&A and Geo Expansions
Lathem sits at the nexus of several transformative industry trends: Post-COVID digitization: As contactless systems become mandatory in physical workplaces, the demand for hygienic, automated time tracking is spiking. Cloud adoption in SMBs: With more small businesses embracing SaaS and remote management tools, Lathem’s PayClock Online is positioned as a plug-and-play solution with deep integration capabilities.
AI-driven workforce analytics: The CT74’s face recognition engine opens future possibilities for predictive workforce planning, behavioral analytics, and compliance alerts. Horizontal growth opportunities include expansion into IoT-integrated access control, where biometric clocks can interface with smart building systems, enhancing both security and operational efficiency. Vertically, markets like education, logistics, and healthcare are ripe for disruption with contactless solutions.
Lathem Risks and Challenges
While Lathem’s trajectory is strong, several internal and external risks must be managed: Operational scalability: As the company grows, maintaining product quality, customer support, and R&D velocity may become more complex. Competitive pressure: The time and attendance market is increasingly crowded, with players offering cheaper or open-source alternatives. Regulatory landscape: New privacy and biometric data laws (e.g., BIPA in Illinois or GDPR in Europe) could impose compliance burdens, especially around facial recognition.
Lathem Ecosystem, Partners, Resellers and SI
Lathem’s ecosystem strategy is grounded in open integration, partner collaboration, and platform interoperability. Its PayClock Online software is compatible with nearly all major payroll systems, reducing onboarding friction for new users.
The company’s alliance with Greenshades Software further extends its reach, offering customers a unified experience from time tracking to payroll processing. These integrations create a network effect, where each new payroll or HRIS integration increases the platform’s utility and reduces churn.
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
https://www.appsruntheworld.com/FAQ
