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 revenue has grown by a factor of nearly 20 over the past three years.
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
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: 600
Functional Market: Recruiting,
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, 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,
Paradox Key Cloud and HCM Applications
Paradox Chatbot, Traitify by Paradox
Paradox HCM and Cloud HCM Applications Revenues, $M:
Type/Year | 2022 | 2023 | YoY Growth, % |
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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 | 2023 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 | 2023 Total Revenues, $M | 2023 HCM Applications Revenues, $M |
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Americas | Subscribe | Subscribe | Subscribe |
EMEA | Subscribe | Subscribe | Subscribe |
APAC | Subscribe | Subscribe | Subscribe |
Total | Subscribe | Subscribe | Subscribe |
Paradox Direct vs Indirect sales
Region | Direct Sales | Indirect Sales | Total |
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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 has successfully secured $200 million in a Series C funding round, with leading investments from Stripes, Sapphire, and Thoma Bravo. This latest funding round has catapulted Paradox and its virtual assistant, Olivia, to unicorn status, boasting a valuation of $1.5 billion.
The latest infusion of capital represents a substantial leap from Paradox's previous funding round of $40 million in May 2020, which was spearheaded by Brighton Park Capital, a participant in the current funding as well. This increased financial backing and the subsequent surge in valuation reflect Paradox's remarkable growth and expansion.
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.
Paradox Cloud Platform (PaaS) and Infrastructure (IaaS) Details
Subscribe to read more about:
- Paradox Public Cloud and Infrastructure (IaaS)
- Paradox Platform (PaaS)
- Paradox Application Delivery
- Paradox 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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