PlanSource Strengths, Domain Expertise, and Key Differentiators
PlanSource is a technology company driven to create a better benefits experience for employees and the HR teams that support them. More than 5 million users use the PlanSource platform, which provides flexible software and services for benefits administration. By combining industry-leading software and a full suite of technology-enabled services, PlanSource provides companies of all sizes with a complete solution for benefits shopping, enrollment, billing, compliance, and administration.
PlanSource Recent Developments
PlanSource released the Celadon Product Release to all customers and partners, focusing on a new platform to improve the experience for HR teams and their employees, and more.
PlanSource Mergers and acquisitions (M&A) Activities
PlanSource was acquired by Vista Equity Partners (Vista), an investment firm focused on enterprise software, data, and technology-enabled businesses. PlanSource will continue to operate independently.
PlanSource Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying PlanSource 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 PlanSource 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 PlanSource Benefits Administration customers.
PlanSource Overview
Ownership: - Vista Equity Partners
Number of Employees: 830
Functional Market: Benefits Administration,
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,
PlanSource Key Cloud and HCM Applications
PlanSource Benefits Administration
PlanSource 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.
PlanSource Revenue Breakdown by Type:
PlanSource 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 | |
PlanSource HCM Applications Revenues By Verticals, $M:
PlanSource 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 |
PlanSource Direct vs Indirect sales
| Type | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
PlanSource Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified PlanSource Customers
No. of PlanSource Customers: 3500
No. of PlanSource HCM Applications Customers: 3500
No. of PlanSource Cloud HCM Customers: 3500
No. of PlanSource Cloud HCM Subscribers: 5 million
Cloud-based technology helps nearly 3500 employers and 5 million consumers with benefits shopping, enrollment, billing, compliance, and administration. Among PlanSource customers are BOSS, Goodwill Industries, 1-800-PetMeds, Saber Healthcare Group, Hard Rock, Delta Private Jets, Xero, Bumble Bee, PES Enrollments, Unum, Reliance Standard and many more.
PlanSource Market Opportunities, M&A and Geo Expansions
PlanSource is well-positioned to capitalize on emerging opportunities in the HR technology and employee benefits space through the continued evolution of its platform, as demonstrated by the launch of its Sunglow software release. This latest innovation underscores the company’s focus on delivering a modern, intuitive benefits experience that enhances decision-making for employees while streamlining administrative processes for HR leaders.
PlanSource Risks and Challenges
In 2024, PlanSource is experiencing growth and innovation under the leadership of newly appointed CEO Mike Morini, but the company faces potential risks tied to leadership transition and strategic execution. Morini brings a strong pedigree in scaling SaaS platforms, yet any leadership change introduces short-term operational uncertainties, especially during periods of transformation.
PlanSource's sales are concentrated in the United States and expanding into other markets will be a challenge. Expanding into other markets introduces external risks, such as cultural differences, and varying competitive dynamics.
PlanSource Ecosystem, Partners, Resellers and SI
PlanSource has established a robust and expanding ecosystem by integrating with leading Human Capital Management (HCM) platforms such as Ultimate Software, Oracle NetSuite, BambooHR, Kronos, and Paycor. These strategic integrations enhance PlanSource’s value proposition by offering seamless data connectivity across critical HR and benefits functions.
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
