Paradox Strengths, Domain Expertise, and Key Differentiators
Paradox offers an AI assistant named Olivia, capable of automating multiple tasks within a company's hiring process. The startup pledges a dual advantage for organizations, emphasizing that its software not only liberates recruiters from manual tasks but also enhances the overall candidate experience simultaneously.
Paradox Recent Developments
Paradox introduced Conversational ATS, a cutting-edge innovation designed to facilitate quicker hiring for employers managing large frontline, hourly staff. This technology alleviates the workload of frontline managers and contributes to cost savings.
Paradox Mergers and acquisitions (M&A) Activities
Paradox, a leader in conversational AI, has acquired Eqtble, a people analytics platform that consolidates talent and workforce data into a unified, actionable interface. This move strengthens Paradox’s AI-driven vision by enhancing its capabilities in data-driven HR insights and decision-making.
In 2021, Paradox has acquired Spetz.io, an Israeli startup that specializes in revitalizing candidate communications for clients such as EY and Sodastream.
Paradox Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Paradox 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 Paradox 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 Paradox Chatbot, Traitify by Paradox customers.
Paradox Overview
Ownership: - Stripes, Sapphire, Thoma Bravo, Brighton Park Capital, Twilio Ventures,Workday Ventures
Number of Employees: 650
Functional Market: Recruiting, Candidate Relationship Management $M, Applicant Tracking Systems,
Key Verticals: Aerospace and Defense, Automotive, Banking and Financial Services, Communication, Construction and Real Estate, CPG, Distribution, Education, Government, Healthcare, Insurance, Leisure and Hospitality, Life Sciences, Manufacturing, Media, Non Profit, Oil Gas Chemicals, Professional Services, Retail, Transportation, Utility,
Paradox Key Cloud and HCM Applications
Paradox Chatbot, Traitify by Paradox
Paradox 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.
Paradox Revenue Breakdown by Type:
Paradox 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 | |
Paradox HCM Applications Revenues By Verticals, $M:
Paradox 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 |
Paradox Direct vs Indirect sales
| Type | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
Paradox Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified Paradox Customers
No. of Paradox Customers: 900
No. of Paradox HCM Applications Customers: 900
No. of Paradox Cloud HCM Customers: 900
No. of Paradox Cloud HCM Subscribers: x
Paradox's software is used by more than 900 companies, including major brands such as General Motors Co., Unilever PLC and Nestlé SA.
Paradox Market Opportunities, M&A and Geo Expansions
Paradox raised $200 million in Series C funding, led by Stripes, Sapphire, and Thoma Bravo, pushing its valuation to $1.5 billion and earning unicorn status. This marks a major jump from its $40 million round in May 2020, reflecting the company’s rapid growth and the rising demand for its virtual assistant, Olivia.
Paradox Risks and Challenges
Given the sensitive nature of the information collected and processed during the hiring process, any breach of data or security vulnerabilities could lead to severe consequences, including legal and reputational damage. Ensuring robust data protection measures and compliance with privacy regulations is crucial to mitigate this risk.
Paradox Ecosystem, Partners, Resellers and SI
With the Paradox and Workday Recruiting integration, as much as 90% of the hiring process can be automated. Furthermore, Paradox seamlessly integrates with a wide array of software providers, encompassing ATS vendors, Job Boards, CRM systems, Background Check Vendors, and various other recruiting service providers.
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
