PrimePay Strengths, Domain Expertise, and Key Differentiators
PrimePay is a payroll service and human capital management (HCM) provider, offering solutions that empower businesses to focus on what matters most. They deliver highly configurable HR and payroll solutions designed to create efficiencies and maximize compliance for our clients across our nationwide presence.
PrimePay Recent Developments
In April 2021, PrimePay announced a strategic investment from Aquiline Capital Partners, a private investment firm based in New York and London with $6.1 billion in assets under management.
PrimePay Mergers and acquisitions (M&A) Activities
In April 2021, PrimePay acquired SyncHR, an all-in-one HR, payroll, and benefits management software provider purposely built for mid-sized enterprises. This acquisition combines two industry leaders with full-suite People Management software and service solutions, creating a leading HCM offering for emerging and mid-enterprise firms. As the companies unite, the resulting solutions can be scaled accordingly, providing these organizations with industry-leading insights and efficiencies to drive business operations and growth.
PrimePay Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying PrimePay 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 PrimePay 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 PrimePay SyncHR, PrimePay Payroll customers.
Ownership: - x
Number of Employees: 750
Functional Market: Absence and Leave Management, Workforce Analytics, Time and Attendance, Core HR, Payroll, Benefits Administration, Compliance, Sourcing, Onboarding, Recruiting, Candidate Relationship Management, Applicant Tracking Systems, Performance Management, Learning and Development, Compensation Management,
Key Verticals: Banking and Financial Services, Communication, Construction, Real Estate, Consumer Packaged Goods, Distribution, Healthcare, Life Insurance, P&C Insurance, Specialty Insurance, Leisure and Recreation, Hospitality, Life Sciences, Manufacturing, Faith-Based Nonprofit, Youth and Elderly Care, Special Cause Nonprofit, Oil and Gas, Chemicals, Professional Services, Retail,
PrimePay Key Cloud and HCM Applications
PrimePay SyncHR, PrimePay Payroll
PrimePay HCM and Cloud HCM Applications Revenues, $M:
|Type/Year||2020||2021||YoY Growth, %|
|Total Revenues, $M||Subscribe||Subscribe||Subscribe|
|HCM Applications Revenues, $M||Subscribe||Subscribe||Subscribe|
|Cloud 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.
PrimePay Revenue Breakdown by Type:
|Type||License||Prof. Services||Hardware||Support & Maintenance||SaaS||PaaS||IaaS||Other (Non Enterprise Application Revenues)||Total|
|% of Total Revenues||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||100%|
PrimePay HCM Applications Revenues By Sub-Functional Markets, $M:
Split by Sub-Functional Markets
2021 HCM Revenues, By Sub-Functional Markets, $M
PrimePay HCM Applications Revenues By Verticals, $M:
PrimePay Total and HCM Applications Revenues by Region:
|Region||% of Total Revenues||2021 Total Revenues, $M||2021 HCM Applications Revenues, $M|
PrimePay Direct vs Indirect sales
|Region||Direct Sales||Indirect Sales||Total|
PrimePay Customers - Breakdown by Geo, Size, Vertical and Product
No. of PrimePay Customers: 7000
No. of PrimePay HCM Applications Customers: 7000
No. of PrimePay Cloud HCM Customers: x
No. of PrimePay Cloud HCM Subscribers: x
PrimePay is a national HCM technology and services provider to businesses ranging from 1 – 5,000+ employees. PrimePay delivers highly configurable cloud-based software and services enabling clients to hire and retain great talent, manage and pay their workforce, and optimize their business in an everchanging compliance landscape.
PrimePay Market Opportunities, M&A and Geo Expansions
Expanding the benefits of automated verifications to small and medium businesses and their employees, Equifax revealed a new integration for The Work Number database with PrimePay, a payroll service, and human capital management (HCM) provider. The new integration allows PrimePay to offer additional configurability to its HR and payroll services which are specifically designed to help create efficiencies. Employers using PrimePay payroll solutions can help automate verification of income and employment requests from credentialed verifiers through The Work Number database, reducing the workload and helping improve the privacy related to such verification tasks.
PrimePay Risks and Challenges
Software integration could do with some improvement.
PrimePay Ecosystem, Partners, Resellers and SI
PrimePay, a payroll, human resources (HR), and benefit services company, partnered with TPA Stream, an insurance technology software company. Through their collaboration, PrimePay and TPA Stream will streamline health care claims processing by simplifying the burdensome administrative tasks required for tax-free reimbursement processing.
PrimePay Cloud Platform (PaaS) and Infrastructure (IaaS) Details
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- PrimePay Public Cloud and Infrastructure (IaaS)
- PrimePay Platform (PaaS)
- PrimePay Application Delivery
- PrimePay Private Cloud and Data Centers
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:
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