Maxwell Health Strengths, Domain Expertise, and Key Differentiators
Maxwell Health revolutionizes benefits and HR for small-to-mid-sized employers. Its comprehensive platform boasts an intuitive marketplace for seamless benefits acquisition, efficient tools for streamlined HR processes, including benefits administration, and a user-friendly mobile app that simplifies the utilization of employee benefits.
Maxwell Health Recent Developments
In June 2021, Maxwell Health partnered with ADP to bring its customers a 360° bi-directional API integration with ADP Workforce Now. With this integration, the users have a simpler way to connect important benefits-related data in real-time, making it easier to manage your payroll changes while keeping the system in sync.
Maxwell Health is a marketplace that empowers consultants and employers to offer the best benefits to employees, helping them achieve better health and financial security. Maxwell’s platform automates HR and benefits administration, providing a user-friendly experience for employees to understand, shop for, and use their benefits.
Maxwell Health Mergers and acquisitions (M&A) Activities
In June 2018, Sun Life Financial acquired Maxwell Health, an innovative start-up with an employee benefits platform that makes benefits and HR administration simple for employers and their employees.
Maxwell Health Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Maxwell Health 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 Maxwell Health 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 Maxwell Health customers.
Maxwell Health Overview
Ownership: - Sun Life Financial
Number of Employees: 130
Functional Market: Benefits Administration,
Key Verticals: Aerospace and Defense, Automotive, Banking and Financial Services, Communications, 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, Special Cause Nonprofit, Oil and Gas, Chemicals, Professional Services, Retail, Transportation, Utilities,
Maxwell Health Key Cloud and HCM Applications
Maxwell Health
Maxwell Health HCM and Cloud HCM Applications Revenues, $M:
| Type/Year | 2022 | 2023 | 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.
Maxwell Health Revenue Breakdown by Type:
Maxwell Health HCM Applications Revenues By Sub-Functional Markets, $M:
Split by Sub-Functional Markets | % of HCM Revenue in the HR Segment | 2023 HCM Revenues, By HR Segment, $M | |
Maxwell Health HCM Applications Revenues By Verticals, $M:
Maxwell Health Total and HCM Applications Revenues by Region:
| Region | % of Total Revenues | 2023 Total Revenues, $M | 2023 HCM Applications Revenues, $M |
|---|---|---|---|
| Americas | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe |
Maxwell Health Direct vs Indirect sales
| Region | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
Maxwell Health Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified Maxwell Health Customers
No. of Maxwell Health Customers: x
No. of Maxwell Health HCM Applications Customers: x
No. of Maxwell Health Cloud HCM Customers: x
No. of Maxwell Health Cloud HCM Subscribers: x
Among Maxwell Health's customers are: Rose Street Advisors, Simplifi Benefits, Flowroute and others.
Maxwell Health Market Opportunities, M&A and Geo Expansions
As the 6th largest group benefits provider, Sun Life Financial has been a stalwart investor in Maxwell Health and a key participant in its digital benefits marketplace since 2015, offering life, disability, voluntary, and worksite coverage. The acquisition of Maxwell Health reinforces Sun Life's strategic focus on the Group Benefits small and middle market segments, underscoring their dedication to simplifying benefits and providing top-tier communication and enrollment solutions.
Maxwell Health Risks and Challenges
Navigating potential changes to the ACA remains a dynamic challenge, and Maxwell Health finds itself in a position where outcomes hinge on whether alterations will favor employers or application vendors addressing regulatory challenges. The company stands at the intersection of a shifting landscape, anticipating potential gains or losses contingent upon the evolving regulatory environment affecting businesses.
Maxwell Health Ecosystem, Partners, Resellers and SI
In August 2017, Hartford introduced its cutting-edge digital benefits administration and enrollment platform, Employee Choice BenefitsSM, tailored for small- and medium-sized businesses. Developed in collaboration with Maxwell Health, the platform provides employers with a streamlined online system, enabling employees to effortlessly enroll in and manage their comprehensive benefits. Concurrently, Beckham Insurance Group forged a partnership with Maxwell Health in 2017, leveraging their collective benefits expertise and modern technology to deliver unparalleled benefits and experiences to the companies and employees under their care.
Maxwell Health Cloud Platform (PaaS) and Infrastructure (IaaS) Details
Subscribe to read more about:
- Maxwell Health Public Cloud and Infrastructure (IaaS)
- Maxwell Health Platform (PaaS)
- Maxwell Health Application Delivery
- Maxwell Health Private Cloud and Data Centers
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
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