Netchex Strengths, Domain Expertise, and Key Differentiators
Netchex offers a SaaS-based solution including robust tools for recruiting top talent, paperless onboarding, labor cost tracking and seamless management of benefits, in addition to base payroll and tax. The product provides single sign-on access to a unified database across all applications.
Netchex Recent Developments
Netchex and Delaget partnered to deliver an integrated data and employee management solution for the restaurant industry. Through this new integration, restaurant operators will be able to access smart analytics about their business while managing their entire workforce from recruitment through retirement.
Netchex Mergers and acquisitions (M&A) Activities
The recent acquisition of Netchex by GrowthCurve Capital in June 2023, marks a strategic move that underscores the industry's trajectory toward data-driven solutions. Netchex, a leading provider of cloud-based HCM and payroll software, has built a strong market presence focusing on simplifying HR processes for small to medium enterprises (SMEs). GrowthCurve Capital's expertise in leveraging data, analytics, and machine learning positions Netchex further to advance its artificial intelligence (AI) strategy. The infusion of capital from GrowthCurve will empower Netchex to develop new data analytics products, explore additional business lines, and expand into untapped markets. This acquisition reflects confidence in Netchex's growth and highlights the importance of integrating AI into HCM solutions to meet the evolving needs of the SME market. The collaboration between Netchex and GrowthCurve is poised to drive innovation in HR technology, as the industry witnesses the convergence of AI, data analytics, and human capital management to enhance efficiency and address talent-related challenges.
Netchex Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Netchex 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 Netchex 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 Netchex Payroll and Tax, Netchex Benefits Administration customers.
Netchex Overview
Ownership: - x
Number of Employees: 340
Functional Market: Workforce Analytics, Time and Attendance, Core HR, Payroll, Benefits Administration, Compliance, Sourcing, Onboarding, Recruiting, Applicant Tracking Systems, Performance Management, 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,
Netchex Key Cloud and HCM Applications
Netchex Payroll and Tax, Netchex Benefits Administration
Netchex 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.
Netchex Revenue Breakdown by Type:
Netchex 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 | |
Netchex HCM Applications Revenues By Verticals, $M:
Netchex 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 |
Netchex Direct vs Indirect sales
| Region | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
Netchex Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified Netchex Customers
No. of Netchex Customers: 6500
No. of Netchex HCM Applications Customers: x
No. of Netchex Cloud HCM Customers: x
No. of Netchex Cloud HCM Subscribers: x
Netchex provides services to more than 6,500 employers across the United States, predominantly focused in the Southeast with offices in Mandeville, LA, Baton Rouge, LA, Atlanta, GA, Dallas, TX and Jackson, MS. Among Netchex customers are Cross Gates Family Fitness, SkyGolf, Business Jet Center, Robinson Lumber Company and many more.
Netchex Market Opportunities, M&A and Geo Expansions
Netchex and M3 expanded their existing partnership with an API integration to help today’s hotels streamline HR processes, keep employees engaged, and help ensure consistency across locations. The API integration builds on the existing integration with M3’s Accounting software and marries M3’s time and labor technology with Netchex’s complete Human Capital Management (HCM) platform. This latest endeavor delivers deeper workforce management and complete back-office integration and will be one of the largest and most comprehensive integrations to date for M3.
Netchex Risks and Challenges
Netchex provides solutions to employers only in the US.
Netchex Ecosystem, Partners, Resellers and SI
Go-to-market strategies will play a crucial role in navigating the competitive HCM industry. Balancing expansion efforts with the need for seamless integrations and client satisfaction presents a delicate challenge that Netchex, under the guidance of GrowthCurve Capital, must navigate to sustain its upward trajectory.
Netchex Cloud Platform (PaaS) and Infrastructure (IaaS) Details
Subscribe to read more about:
- Netchex Public Cloud and Infrastructure (IaaS)
- Netchex Platform (PaaS)
- Netchex Application Delivery
- Netchex 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
https://www.appsruntheworld.com/FAQ
