Reward Gateway (UK) Ltd. Strengths, Domain Expertise, and Key Differentiators
Reward Gateway helps companies to attract, engage and retain their best people with an employee engagement platform that brings employee benefits, discounts and perks, reward and recognition, employee wellbeing, employee communications and employee feedback into one unified hub.
Reward Gateway (UK) Ltd. Recent Developments
In September 2021, Reward Gateway launched Engaged Index, an addition to its employee engagement platform, a proprietary tool that measures workforce engagement. The Engaged Index establishes an employee engagement benchmark for any job role, department, division, or geographic location and helps organizations identify areas at risk of turnover, presenteeism, and low morale.
In June 2020, Reward Gateway launched Reward Gateway for Small Business, enabling organizations with fewer than 100 employees to enjoy the same market-leading employee engagement tools.
The Reward Gateway for Small Business platform can be launched in minutes and allows business owners to provide meaningful support with limited budgets by extending their team’s income by providing discounts on everyday essentials, supporting employee wellbeing with expert-led videos, tools, and content that addresses physical, mental and financial wellness, delivering recognition tools to help create a culture of continuous recognition and boost morale and providing maximum flexibility at an affordable price based on actual users, monthly payments and no minimum term commitments.
In February 2020, Reward Gateway launched the new SmartInsights Employee Engagement Analytics Engine into its flagship employee engagement platform. The new suite of analytics gives HR leaders insight into key indicators, such as overall employee engagement, recognition activity, benefit uptake, and social responses that can impact important business metrics, such as employee turnover or customer satisfaction.
In September 2019, Reward Gateway has integrated Microsoft Azure Active Directory into its employee engagement platform Directory. Reward Gateway clients can now take advantage of the scalability, high availability, and security of Azure Active Directory, with streamlined deployment and management.
In February 2019, Reward Gateway launched Connect+, the industry-first mobile app that puts the power of real-time employee recognition and communication in the hands of every employee, no matter where they are."
Reward Gateway (UK) Ltd. Mergers and acquisitions (M&A) Activities
In May 2021, Reward Gateway entered into a definitive agreement to be acquired by Abry Partners and Castik Capital. The acquisition of Reward Gateway validates the company’s strategic vision, expansive growth strategy, and the value its products and services deliver to clients. Previously controlled by Great Hill Partners, the company has seen more than 180% growth in revenue since 2015 and currently supports more than 1,900 customers with over five million employees globally.
Reward Gateway (UK) Ltd. Customers in ARTW Customer Database
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Reward Gateway (UK) Ltd. Overview
Ownership: - Abry Partners, Castik Capital
Number of Employees: 500
Functional Market: Performance and Goal Management,
Key Verticals: Aerospace and Defense, Automotive, Banking and Financial Services, Communications, Construction and Real Estate, Consumer Packaged Goods, Distribution, Education, Government, Healthcare, Insurance, Leisure and Hospitality, Life Sciences, Manufacturing, Media, Non Profit, Oil, Gas and Chemicals, Professional Services, Retail, Transportation, Utilites,
Reward Gateway (UK) Ltd. Key Cloud and HCM Applications
Reward Gateway (UK) Ltd. HCM and Cloud HCM Applications Revenues, $M:
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|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.
Reward Gateway (UK) Ltd. Revenue Breakdown by Type:
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Reward Gateway (UK) Ltd. HCM Applications Revenues By Sub-Functional Markets, $M:
Split by Sub-Functional Markets
2020 HCM Revenues, By Sub-Functional Markets, $M
Reward Gateway (UK) Ltd. HCM Applications Revenues By Verticals, $M:
Reward Gateway (UK) Ltd. Total and HCM Applications Revenues by Region:
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Reward Gateway (UK) Ltd. Direct vs Indirect sales
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Reward Gateway (UK) Ltd. Customers - Breakdown by Geo, Size, Vertical and Product
No. of Reward Gateway (UK) Ltd. Customers: 2000
No. of Reward Gateway (UK) Ltd. HCM Applications Customers: 2000
No. of Reward Gateway (UK) Ltd. Cloud HCM Customers: 2000
No. of Reward Gateway (UK) Ltd. Cloud HCM Subscribers: 5 million
Reward Gateway serves more than 2000 enterprise clients and employs 400+ people in 23 countries, 5 million employees use its employee engagement products Its technology powers employee benefits, employee recognition, total reward statements, employee communications, and employee engagement.
Among Reward Gateway clients are IBM, American Express, Diageo, Heineken, McDonald's, Comcast, Discovery Channel, Cummins, Bloomberg, Unilever, DHL, Bayer, AT&T, Yahoo!, AOL, Caterpillar, Groupon, and many others.
Reward Gateway (UK) Ltd. Market Opportunities, M&A and Geo Expansions
In October 2021, Reward Gateway launched its “On the Spot” recognition feature that makes it easier for managers to present in-person recognition (monetary or non-monetary) to frontline employees in retail, hospitality, warehouse, and manufacturing environments. The feature enables and tracks recognition of whether or not an employee’s name is known or captured at the time of the recognition moment.
In August 2020, Reward Gateway added Open API capabilities for its Employee Engagement Platform. This expands the ability for clients and other third-party HRIS systems to connect to Reward Gateway’s platform in order to support the development of new applications and to automate HR processes.
The new Open API increases opportunities for clients to interact with their employee engagement data in innovative ways and provide employees with a single platform for all their employee engagement needs. A number of HR technology providers already use the Open API to connect their systems to the Reward Gateway platform to automate and improve employee onboarding journeys, and to link Reward Gateway employee alerts to other systems so that no critical information is missed.
In September 2019, Reward Gateway, made integrations with Slack, Microsoft Teams, and Yammer to improve employee engagement in the workplace. Now, users will be able to further spotlight great work, alert users about new moments of recognition and news within the tools they use every day, and strengthen employee connections to organization values and to one another.
The ability to integrate Reward Gateway’s recognition and communications functionality with leading chat applications is ideal for organizations that want to boost employee engagement by ensuring employees stay “in the know” by receiving timely blog and recognition posts and updates."
Reward Gateway (UK) Ltd. Risks and Challenges
Persevering its position in a highly competitive market.
Reward Gateway (UK) Ltd. Ecosystem, Partners, Resellers and SI
In August 2021, Reward Gateway expanded its global client base to 2000 clients, driven by a 200% increase in U.S. customers YoY.
Reward Gateway serves clients in 23 countries, with 8 main offices worldwide.
BambooHR joins Reward Gateway’s portfolio of integration technology, which now totals 24 integrations to date including Slack, Yammer, ADP, and G-Suite. Employers can connect these systems for automatic data transfer, seamless distribution of employee communications, and amplification of employee recognition."
Reward Gateway (UK) Ltd. Cloud Platform (PaaS) and Infrastructure (IaaS) Details
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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).
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