SD Worx Strengths, Domain Expertise, and Key Differentiators
SD Worx stands out as a leading European provider of comprehensive people solutions, leveraging cutting-edge technology, efficient outsourcing, unparalleled expertise, and data-driven insights. The company transforms HR into a valuable asset for businesses, covering the entire employee lifecycle from payroll services to talent management. They have subject matter expertise and own IP in 26 European countries and a global network with service providers outside of Europe. With over 75 years of experience, SD Worx has earned the trust of more than 87,000 organizations globally, positioning itself among the top five global payroll and HR service providers.
SD Worx Recent Developments
In June 2023, SD Worx marked a significant milestone by welcoming CVC Strategic Opportunities II as a new partner and minority shareholder. The existing majority shareholder, WorxInvest, retained a 77.5% stake, and this strategic partnership injected fresh capital, accelerating SD Worx's European growth initiatives. The company has reported robust double-digit growth figures in 2022, driven by organic expansion and strategic acquisitions. Key acquisitions, such as HRPRO in Croatia, Integrho, and Intelligo in Spain and Ireland respectively, have strengthened SD Worx's global footprint.
In December 2023, SD Worx acquired Romanian Software S.R.L., the market leader in Romania for payroll and Human Capital Management solutions. With the acquisition SD Worx strengthens its position in Central and Eastern Europe and expands its offering of own payroll technology to its domestic and international customers. Romanian Software S.R.L. gains access to SD Worx’s complete payroll and HR software and services and to its expanding presence across Europe. Romanian Software S.R.L. was founded in 2001 and employs 160 colleagues, supporting more than 750 customers and their 200000 employees. Examples of customers include Ikea, Starbucks, Louis Vuitton, Rewe, Altex, Cognizant and Pizza Hut. The company, headquartered in Bucharest, has a market share of 14% in Romania and had revenues of EUR 4.8 million last year.
SD Worx Mergers and acquisitions (M&A) Activities
In March 2024, the subsidiary of SD Worx, Protime, completed the acquisition of Sheepblue, an AI-driven software solution designed for workforce planning. Sheepblue was developed by a start-up of the same name, established in 2018 and headquartered in Vienna, Austria. Specializing in industries reliant on precise scheduling, such as manufacturing and logistics, Sheepblue offers advanced capabilities for shift-based workforce management.
This strategic acquisition significantly enhances Protime's existing suite of AI-driven workforce planning software, which caters primarily to the retail and hospitality sectors. With Sheepblue now under its umbrella, Protime extends its automation capabilities to cover workforce scheduling and planning requirements across various industries.
The integration of Sheepblue's AI tool into Protime's current Workforce Management offering is underway. This integration process aims to enhance the functionalities of Protime's solutions, ensuring they meet the diverse needs of its extensive customer base, which comprises over 5000 clients. Protime plans to roll out the integrated solution to its customers in the coming months, further solidifying its position as a leader in innovative workforce management solutions.
In October 2023, SD Worx strategically expanded its portfolio by acquiring Gavdi Poland, a prominent provider of SAP HR solutions within the rapidly evolving Polish market. This acquisition bolsters SD Worx's SAP HR capabilities, positioning the company to capitalize on substantial growth prospects within the region.
With over 220 dedicated SD Worx professionals in Poland, the company is well-positioned to offer comprehensive HR and payroll solutions to both local and international clients. Recognizing Poland as a key market, SD Worx anticipates significant growth opportunities within the country, boasting the largest population in Central & Eastern Europe and currently ranking as the sixth-largest economy in Europe.
SD Worx's strategic acquisitions in 2022, including HRPRO in Croatia, Integrho in Spain, and Intelligo in Ireland, highlighted the company's commitment to expanding its international presence. Furthermore, the investment in huapii, where SD Worx acquired an 80% stake, showcased its dedication to enhancing talent management offerings.
SD Worx Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying SD Worx 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 SD Worx 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 mysdworx, myworkandme customers.
SD Worx Overview
Ownership: - WorxInvest
Number of Employees: 7500
Functional Market: Absence and Leave Management, Workforce Analytics, Scheduling, Task Management, Time and Attendance, Core HR, Payroll, Benefits Administration, Pension Administration, Compliance, Onboarding, Recruiting, Performance Management, Learning and Development, Succession Planning, Compensation,
Key Verticals: Automotive, Banking and Financial Services, Communications, Construction, Real Estate, Consumer Packaged Goods, Distribution, Higher Education, Federal Government, State and Local Government, Public Safety, Healthcare, Leisure and Recreation, Hospitality, Life Sciences, Manufacturing, Oil and Gas, Chemicals, Professional Services, Retail, Transportation, Utilities,
SD Worx Key Cloud and HCM Applications
mysdworx, myworkandme
SD Worx HCM and Cloud HCM Applications Revenues, $M:
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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.
SD Worx Revenue Breakdown by Type:
SD Worx HCM Applications Revenues By Sub-Functional Markets, $M:
Split by Sub-Functional Markets | % of HCM Revenue in the HR Segment | 2023 HCM Revenues, By HR Segment, $M | |
SD Worx HCM Applications Revenues By Verticals, $M:
SD Worx Total and HCM Applications Revenues by Region:
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Americas | Subscribe | Subscribe | Subscribe |
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SD Worx Direct vs Indirect sales
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Type % | Subscribe | Subscribe | Subscribe |
Revenues, $M | Subscribe | Subscribe | Subscribe |
SD Worx Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified SD Worx Customers
No. of SD Worx Customers: 87000
No. of SD Worx HCM Applications Customers: 87000
No. of SD Worx Cloud HCM Customers: x
No. of SD Worx Cloud HCM Subscribers: x
SD Worx's diverse clientele, numbering over 87,000 organizations globally, includes industry leaders such as Aberdeen Group, Asda Stores Ltd, ISS, Marks & Spencer, Molson Coors, Pioneer Investments, WHSmith, and many others. The company processes salaries for approximately 5.2 million employees worldwide, operating in 150 countries and offering tailored people solutions to meet diverse needs.
SD Worx Market Opportunities, M&A and Geo Expansions
In October 2023, SD Worx has acquired Gavdi Poland, the market leader of SAP HR solutions in Poland, from the Danish Gavdi Group. With the acquisition SD Worx not only reinforces its SAP HR capabilities but it also expands its footprint in the dynamically growing Polish market, where it has been present since 2021. More than 220 SD Worx colleagues in Poland support local and international customers with HR and payroll solutions. SD Worx sees significant growth opportunities in Poland, the country with the largest population in Central & Eastern Europe and currently the sixth largest economy in Europe. In December 2023, SD Worx acquired Romanian payroll and HCM solutions market leader Romanian Software S.R.L., further strenghtening its position in Central and Eastern Europe.
SD Worx Risks and Challenges
One of the challenges faced by SD Worx involves the integration of its recent acquisitions and multiple product suites under a unified platform. This process demands meticulous planning and execution to ensure seamless collaboration and cohesive service delivery to clients. Additionally, evolving market dynamics and competitive pressures pose continuous challenges that necessitate agility and innovation.
SD Worx Ecosystem, Partners, Resellers and SI
SD Worx boasts a dedicated team of over 7,500 HR professionals and maintains a strong presence across 26 countries, including its headquarters in Belgium. The company's global reach extends to Austria, Bulgaria, Croatia, Denmark, Estonia, Finland, France, Germany, Hungary, Ireland, Italy, Luxembourg, Macedonia, Mauritius, Netherlands, Norway, Poland, Portugal, Romania, Serbia, Slovenia, Spain, Sweden, Switzerland, and the UK.
SD Worx Cloud Platform (PaaS) and Infrastructure (IaaS) Details
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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).
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