Sagitec Solutions Strengths, Domain Expertise, and Key Differentiators
Sagitec Solutions is a global technology company serving numerous Labor and Employment agencies in the United States. Their fully integrated, web-based Labor and Employment solutions, for Unemployment Insurance, Paid Family and Medical Leave, and Disability Insurance meet the majority of agency requirements straight out-of-the-box, while also being extremely flexible to accommodate unique business rules and requirements. In addition to serving the Labor and Employment industry, Sagitec also designs and delivers software solutions for the pension market and healthcare industries.
Sagitec Solutions Recent Developments
In May 2020, The Public Service Pensions Board (PSPB) of the Cayman Islands has selected Sagitec for replacing their current pension administration system. Sagitec’s Pension Administration Solution NeospinTM was chosen among other solutions as it meets all PSPB’s current business needs and can evolve to accommodate future needs. PSPB administers both Defined Benefit and Defined Contribution schemes for eligible employees of the Cayman Islands Government, Statutory Authorities, Government Owned Companies, members of the Judiciary and elected members of the Legislative Assembly.
In May 2020, Sagitec Solutions was selected to implement a Pandemic Unemployment Assistance (PUA) Solution to help the Delaware Department of Labor (DOL) manage the economic impacts of COVID-19 and the unprecedented volumes of unemployment claims due to this pandemic crisis. The new system will process initial applications for both Pandemic Emergency Unemployment Compensation (PEUC) and PUA and make weekly payments for eligible independent contractors, self-employed individuals, and others as detailed in the CARES Act. The solution will be delivered 100% remotely and hosted on Microsoft Azure.
Sagitec Solutions Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Sagitec Solutions 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 Sagitec Solutions 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 Sagitec Neosurance, Sagitec Neospin, Sagitec Neofraud, Sagitec HealConnect customers.
Sagitec Solutions Overview
Ownership: - x
Number of Employees: 810
Key Verticals: Aerospace and Defense, Automotive, Banking and Financial Services, Communication, Real Estate, Consumer Packaged Goods, Distribution, K12, Higher Education, State and Local Government, Healthcare, Life Insurance, Specialty Insurance, Hospitality, Life Sciences, Manufacturing, Media, Faith Based Nonprofit, Youth and Elderly Care Nonprofit, Special Cause Nonprofit, Oil and Gas, Professional Services, Retail, Transportation, Utilities,
Sagitec Solutions Key Cloud and HCM Applications
Sagitec Neosurance, Sagitec Neospin, Sagitec Neofraud, Sagitec HealConnect
Sagitec Solutions HCM and Cloud HCM Applications Revenues, $M:
|Type/Year||2018||2019||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.
Sagitec Solutions Revenue Breakdown by Type:
|Type||License||Services||Hardware||Support & Maintenance||SaaS|
|% of Total Revenues||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe|
Sagitec Solutions HCM Applications Revenues By Sub-Functional Markets, $M:
Split by Sub-Functional Markets
2019 HCM Revenues, By Sub-Functional Markets, $M
Sagitec Solutions HCM Applications Revenues By Verticals, $M:
Sagitec Solutions Total and HCM Applications Revenues by Region:
|Region||% of Total Revenues||2019 Total Revenues, $M||2019 HCM Applications Revenues, $M|
Sagitec Solutions Direct vs Indirect sales
|Region||Direct Sales||Indirect Sales||Total|
Sagitec Solutions Customers - Breakdown by Geo, Size, Vertical and Product
No. of Sagitec Solutions Customers: x
No. of Sagitec Solutions HCM Applications Customers: x
No. of Sagitec Solutions Cloud HCM Customers: x
No. of Sagitec Solutions Cloud HCM Subscribers: x
Besides providing software solutions, Sagitec also provides hosting services on Microsoft Azure, and has 25 customers globally. Sagitec provides a software solutions to clients of all sizes. Some of Sagitec customers are: Virginia Retirement System, Public School and Education Employee Retirement Systems of Missouri, Missouri Local Government Employees Retirement System, Denver Employees Retirement Plan, Kansas Public Employees Retirement System and others.
Sagitec Solutions Market Opportunities, M&A and Geo Expansions
In December 2019, Sagitec strenghtend labor and employment practise by having industry veterans joining the team.
In July 2019, Sagitec opened two new offices in Sacramento, California and in Salt Lake City, Utah. These are important regions for Sagitec given the availability of high-quality technology talent and an attractive market segment for Sagitec products and services. This will enable Sagitec to better serve its customers in the western region of the U.S.
In 2018, Sagitec opened an office in Dubai as a headquarter for the MEA region. This is a strategic move for Sagitec to strengthen its presence in this key market.
Sagitec Solutions Risks and Challenges
International expansion depends on the compliance regulations.
Sagitec Solutions Ecosystem, Partners, Resellers and SI
Sagitec Solutions mainly sells directly. Sagitec Solutions is a partner with Microsoft, and it is a provider of hosting services on Microsoft Azure.
Sagitec Solutions Cloud Platform (PaaS) and Infrastructure (IaaS) Details
Subscribe to read more about:
- Sagitec Solutions Public Cloud and Infrastructure (IaaS)
- Sagitec Solutions Platform (PaaS)
- Sagitec Solutions Application Delivery
- Sagitec Solutions 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:
Copyright © 2021, APPS RUN THE WORLD