Lathem Acknowledged as a Key HR Software Provider by APPS RUN THE WORLD in the HCM Top 500 Market Report

200 Galleria PKWY SE, Suite 330

Atlanta, GA, 30339, United States

1 404-691-0400

https://www.lathem.com/

539 Lathem

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

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 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 Key Cloud and HCM Applications

PayClock Online

Lathem HCM and Cloud HCM Applications Revenues, $M:

Type/Year20232024YoY 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:

TypeLicenseServicesHardwareS&MSaaSPaaSIaaSOtherTotal
% of Total Revenues Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe 100%
Revenues, $M Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe

Lathem Total and HCM Applications Revenues by Region:

Region% of Total Revenues2024 Total Revenues, $M2024 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

TypeDirect SalesIndirect SalesTotal
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:

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