Lattice Strengths, Domain Expertise, and Key Differentiators
Lattice's key differentiators lie in its domain expertise and product portfolio. The company specializes in people management software, enhancing employee performance, engagement, and workplace satisfaction. Its hosted platform, including web and mobile applications, has found favor with over 5,000 companies, including notable names like Reddit, Webflow, and Slack.
Lattice Recent Developments
In March 2025, Lattice introduced its AI-powered HR agent to enhance team efficiency and boost employee productivity. Lattice AI empowers HR professionals to concentrate on what truly matters—driving performance, shaping organizational culture, and making informed, data-driven decisions that propel business growth.
In June 2024, Lattice unveiled Lattice Payroll, a payroll solution fully integrated with its HRIS and Talent Suite. This launch enables mid-sized and growing companies to seamlessly conduct performance reviews, manage strategic compensation cycles, and ensure that all updates are reflected in employee accounts in a connected and user-friendly experience.
In September 2023, Lattice introduced "Lattice HRIS" (Human Resources Information System), a purpose-built system designed to streamline employee records management and seamlessly integrate with Lattice's talent management products. Lattice HRIS empowers businesses with valuable insights into their employees, facilitates the measurement of HR initiatives' success, and automates change management processes.
In January 2022, Lattice celebrated another major achievement by closing a $175 million funding round. This round led to a valuation of $3 billion, underlining the market's confidence in the company's potential.
Lattice Mergers and acquisitions (M&A) Activities
No M&A activities in the last 12 months.
Lattice Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Lattice 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 Lattice 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 Lattice Platform customers.
Lattice Overview
Ownership: - x
Number of Employees: 700
Functional Market: Workforce Analytics, Time and Attendance, Core HR, Payroll, Onboarding, Performance Management, Compensation Management,
Key Verticals: Banking and Financial Services, Construction and Real Estate, Healthcare, Life Sciences, Manufacturing, Professional Services, Retail, Transportation, Utility,
Lattice Key Cloud and HCM Applications
Lattice Platform
Lattice 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.
Lattice Revenue Breakdown by Type:
Lattice 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 | |
Lattice HCM Applications Revenues By Verticals, $M:
Lattice 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 |
Lattice Direct vs Indirect sales
| Type | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
Lattice Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified Lattice Customers
No. of Lattice Customers: 5000
No. of Lattice HCM Applications Customers: 5000
No. of Lattice Cloud HCM Customers: 5000
No. of Lattice Cloud HCM Subscribers: x
Lattice's customer base comprises over 5,000 companies across various industries, including the financial services sector. The company has experienced remarkable growth in this industry, onboarding 400 financial services customers, representing a 40% increase over the past year. Lattice attracted 130 new financial services companies in 2022 alone, serving over 100,000 employees, underscoring its adaptability and effectiveness in addressing diverse organizational needs.
Lattice Market Opportunities, M&A and Geo Expansions
FINEOS aims to expand the openness of its platform to support greater client and partner adoption, facilitating competitive differentiation. This includes integrating advanced AI capabilities and machine learning to improve digital engagement and analytics across its suite of products, such as FINEOS Engage and FINEOS Insight. ​
The company is transitioning to a higher-quality subscription revenue business model, aiming to improve margins and achieve sustainable growth. This shift is expected to provide more predictable revenue streams and enhance customer relationships. ​
FINEOS continues to invest in digital transformation initiatives, including legacy system replacements and the development of cloud-native solutions. These efforts are designed to provide insurers with superior technology solutions that enable them to care for the people they serve effectively.
Lattice Risks and Challenges
Rapid expansion and accelerated growth may prove to be a challenge for Lattice. Managing increased customer demand and maintaining the quality of service while expanding into new regions could strain resources and present operational risks. Additionally, competition in the people management software sector is fierce, with established players and new entrants vying for market share.
Go-to-market challenges, regulatory changes, and potential economic downturns could also impact Lattice's growth trajectory.
Lattice Ecosystem, Partners, Resellers and SI
Lattice’s ecosystem is a powerful network of technology integrations and strategic partnerships, featuring software and consulting partners such as ADP, BambooHR, Bonusly, Crosschq, Deel, Greenhouse, and more. These collaborations expand Lattice’s capabilities, enabling customers to seamlessly connect their HR tools. The ecosystem also drives a strong network effect, creating valuable opportunities for system integrators and value-added resellers through the Lattice Connect partner program.
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
