Rippling Strengths, Domain Expertise, and Key Differentiators
Rippling is an all-in-one HR software designed to unify all HR systems and processes for US companies with between 2 and 500 employees. Rippling can connect to software and apps that companies already have and syncs data across all of these systems to keep data up-to-date throughout the entire organization. To ensure accurate data, Rippling offers a self-service portal and mobile app so that employees can monitor and correct any errors that occur with their information.
Rippling doesn’t just simplify HR processes and sync with other HR software systems. It also is able to integrate with IT systems so that Rippling can do the same for the IT department that it does for HR. It simplifies and automates processes and syncs information to all connected systems.
Rippling Recent Developments
In October 2021 Rippling launched Rippling Inventory Management, which founder and CEO Parker Conrad is touting as the “world’s first cloud IT closet.”
The dashboard enables businesses to automatically store, ship, and retrieve employee computers in a way that is remote and hands-free. Rippling stores and monitors company devices so they no longer need an “IT closet” on-site or utilize an employee’s home. Rippling also manages the logistics related to the devices, including wiping and assigning devices and issuing prepaid mailers for machines that need to be returned. Customers pay a per employee, per month fee to use the dashboard to hire, or fire employees, and set up all of the apps (and access) that the employee will need on their computer. In addition, the user can see all of the outstanding shipments and where they are in the process of being delivered or returned.
In October 2018, Rippling has launched an all-in-one HRIS, payroll, and benefits system for small and midsize businesses, combined with identity management software and a device management system.
Rippling Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Rippling 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 Rippling 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 Rippling Employee Management customers.
Ownership: - x
Number of Employees: 800
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,
Rippling Key Cloud and HCM Applications
Rippling Employee Management
Rippling HCM and Cloud HCM Applications Revenues, $M:
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* 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.
Rippling Revenue Breakdown by Type:
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Rippling HCM Applications Revenues By Sub-Functional Markets, $M:
Split by Sub-Functional Markets
2020 HCM Revenues, By Sub-Functional Markets, $M
Rippling HCM Applications Revenues By Verticals, $M:
Rippling Total and HCM Applications Revenues by Region:
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Rippling Direct vs Indirect sales
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Rippling Customers - Breakdown by Geo, Size, Vertical and Product
No. of Rippling Customers: 3500
No. of Rippling HCM Applications Customers: 3500
No. of Rippling Cloud HCM Customers: 3500
No. of Rippling Cloud HCM Subscribers: x
More than 2,500 businesses from Compass Coffee to DivvyUp Socks have signed up for Rippling’s employee-management software.
Rippling Market Opportunities, M&A and Geo Expansions
In October 2021 Rippling closed on $250 million in fresh funding led by Sequoia Capital Global Equities and Global Growth, with participation from earlier backers Greenoaks, Kleiner Perkins, Founders Fund, Initialized, YC, and Threshold Ventures.
They build new business lines in-house. Rippling isn’t an acquisitive outfit. That compound approach also enables Rippling to sell a bundled system of its offerings to customers on a mostly per-seat basis. And it means more diversified revenue. Rippling — which sells to teams as small as two people and as large as 1,000-plus — has more than doubled its number of customers over the last year and that it now enjoys 2.7 times the annual recurring revenue it saw a year ago, though he declines to be more specific about actual figures.
In August 2020, Rippling, raised a $145 million Series B financing round, thrusting the human resources software company into unicorn status with a new $1.35 billion valuation.
Rippling will use the new capital, led by the San Francisco-based venture capital firm Founders Fund, primarily to shore up its cash position and hedge against any future disastrous macroeconomic risks, though some funding will go toward research and development.
Previously, Rippling had received more than $60 million in funding from top-name investors Kleiner Perkins, Initialized Capital and Y Combinator. In 2019, after its Series A, the company was reportedly valued at $270 million, which puts the latest valuation at an increase of five times. The total funding to date is over $205 million.
Rippling Risks and Challenges
The market for cloud HR tools geared to small and medium-sized businesses is becoming a crowded and competitive space, Rippling's ability to offer more features and services than rivals, including Paylocity, Zenefits, and Gusto will be key for future success.
Rippling Ecosystem, Partners, Resellers and SI
Rippling integrates with 500+ apps—from accounting software like Quickbooks and NetSuite, to time tools like TSheets and Deputy.
Rippling 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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