Mineral (ex ThinkHR and Mammoth) Strengths, Domain Expertise, and Key Differentiators
Mineral's key differentiators lie in its unique combination of technology, domain expertise, and an expansive product portfolio. The Mineral Platform, Mineral Intelligence, and Mineral Experts collectively form a suite of solutions that empower SMBs to navigate the complex realms of HR and compliance with unprecedented confidence. The incorporation of AI and ML features, notably showcased in Mineral Intelligence, sets a new industry standard for proactive HR and compliance management. By analyzing real-time data and curating expert guidance, Mineral's AI/ML features provide clients with actionable insights, transforming compliance from a reactive task to a proactive strategy.
Mineral (ex ThinkHR and Mammoth) Recent Developments
In recent developments in 2021, Mineral has solidified its position as an industry trailblazer with the launch of Mineral Intelligence. This groundbreaking offering, touted as the industry's first real-time, proactive HR and compliance engine, is designed to keep businesses ahead of the regulatory curve. The product leverages company data and the expertise of Mineral Experts to proactively recommend compliance actions, setting a new standard in the HR and compliance solutions landscape.
The launch has been met with widespread acclaim, garnering attention from industry experts and earning Mineral extensive coverage in press releases and news articles. The move aligns seamlessly with Mineral's commitment to empowering small to medium-sized businesses (SMBs), as evidenced by the company's impressive milestone of serving over 1 million clients. This robust client base has been a significant driver of Mineral's remarkable revenue growth, surpassing the 300% mark over the last five years.
Mineral (ex ThinkHR and Mammoth) Mergers and acquisitions (M&A) Activities
In January 2024, Mitratech, a leading global provider of compliance technology solutions for legal, risk, and HR departments, enhanced its portfolio with the strategic acquisitions of two prominent entities: Syntrio, a renowned provider of compliance training, ethics hotlines, and reporting solutions; and Mineral, a distinguished supplier of predictive HR and compliance services.
Mineral made headlines with the announcement of the merger between ThinkHR and Mammoth HR. This strategic move positioned Mineral as the category leader, driving innovation for clients and partners across the country. The merger not only facilitated the expansion of product and service offerings but also leveraged complementary capabilities and expertise, paving the way for the delivery of enhanced value through technology. This transformative merger was not only a strategic business decision but also a significant financial one. The combined entity, now under the leadership of Mammoth CEO Nathan Christensen, has ushered in a new era of collaboration and growth. The financial landscape post-merger has seen a positive trajectory, with revenue streams diversifying across insurance, payroll, human capital management (HCM) software, and professional employer organization (PEO) industries.
Mineral (ex ThinkHR and Mammoth) Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Mineral (ex ThinkHR and Mammoth) 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 Mineral (ex ThinkHR and Mammoth) 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 Mineral Platform, Mineral Learn customers.
Mineral (ex ThinkHR and Mammoth) Overview
Ownership: - x
Number of Employees: 430
Functional Market: Compliance, Learning and Development,
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,
Mineral (ex ThinkHR and Mammoth) Key Cloud and HCM Applications
Mineral Platform, Mineral Learn
Mineral (ex ThinkHR and Mammoth) HCM and Cloud HCM Applications Revenues, $M:
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* 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.
Mineral (ex ThinkHR and Mammoth) Revenue Breakdown by Type:
Mineral (ex ThinkHR and Mammoth) 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 | |
Mineral (ex ThinkHR and Mammoth) HCM Applications Revenues By Verticals, $M:
Mineral (ex ThinkHR and Mammoth) Total and HCM Applications Revenues by Region:
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Mineral (ex ThinkHR and Mammoth) Direct vs Indirect sales
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Mineral (ex ThinkHR and Mammoth) Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified Mineral (ex ThinkHR and Mammoth) Customers
No. of Mineral (ex ThinkHR and Mammoth) Customers: 1000000
No. of Mineral (ex ThinkHR and Mammoth) HCM Applications Customers: 1000000
No. of Mineral (ex ThinkHR and Mammoth) Cloud HCM Customers: x
No. of Mineral (ex ThinkHR and Mammoth) Cloud HCM Subscribers: x
Mineral provides solutions for HR and compliance for growing businesses. Partnering with nearly 3,000 industry-leading insurance brokers, PEOs, and HCMs, Mineral has built the largest HR community in the U.S. revealing that it now serves over 1 million clients. This milestone not only underscores Mineral's ascendancy but also spotlights the indispensable role it plays in empowering SMBs across the United States. At the core of Mineral's success lies its suite of flagship solutions, including the Mineral Platform, Mineral Intelligence, and Mineral Experts empowering SMBs to manage HR and compliance challenges with unprecedented confidence.
Mineral's commitment to serving the SMB community is reflected in its staggering growth of over 300% in the last five years. A noteworthy 83% of its clients, illustrating the diverse tapestry of American businesses, consist of entities with fewer than 100 employees. Mineral's success in various industries is a testament to its adaptability, with clients hailing from nearly every sector. The geographic diversity of Mineral's clientele positions it as a versatile solution provider, capable of addressing the nuanced compliance requirements of businesses operating in different regions and industries.
Mineral (ex ThinkHR and Mammoth) Market Opportunities, M&A and Geo Expansions
Mineral's foray into the future is marked by a spectrum of opportunities on both horizontal and vertical levels. The launch of Mineral Intelligence positions the company at the forefront of the evolving HR and compliance solutions market, presenting a horizontal growth opportunity. Vertical expansion is evident in Mineral's strategic merger with ThinkHR and Mammoth HR, enabling the company to diversify its offerings across insurance, payroll, HCM software, and PEO industries. This diversification not only expands market reach but also ensures resilience in the face of industry fluctuations. The embrace of Cloud, IoT, AI, and ML technologies is a pivotal component of Mineral's growth strategy. The Mineral Platform, with its cloud-based architecture, epitomizes the company's commitment to technological innovation. The incorporation of AI and ML in Mineral Intelligence signifies a proactive approach to compliance management, aligning with industry trends and client demands.
Mineral (ex ThinkHR and Mammoth) Risks and Challenges
Internal risks, such as organizational transitions post-merger, necessitate careful management to ensure a seamless client experience. External risks, including evolving legislative landscapes and economic fluctuations, demand agility in strategy and execution. Go-to-market challenges may arise from the need to continually educate the market about the benefits of proactive HR and compliance solutions. As the industry evolves, staying ahead of competitors and effectively communicating Mineral's value proposition will be crucial to maintaining market leadership. Strategic risk mitigation measures, a robust communication strategy, and a keen understanding of market dynamics will be instrumental in ensuring that Mineral navigates these challenges effectively.
Mineral (ex ThinkHR and Mammoth) Ecosystem, Partners, Resellers and SI
The network effects of system integrators and value-added resellers (VARs) further amplify Mineral's reach. Collaborations with nearly 3,000 industry-leading insurance brokers, PEOs, and HCMs have not only expanded Mineral's footprint but have also contributed to the creation of the largest HR community in the U.S. This interconnected ecosystem fosters knowledge sharing, innovation, and a collective commitment to empowering SMBs. As Mineral continues to evolve, its ecosystem will play a pivotal role in sustaining its growth, fostering innovation, and solidifying its position as a transformative force in the HR and compliance solutions landscape.
Mineral (ex ThinkHR and Mammoth) Cloud Platform (PaaS) and Infrastructure (IaaS) Details
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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).
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