Sprout Solutions Strengths, Domain Expertise, and Key Differentiators
Sprout has helped over a thousand companies grow by providing them with a suite of HR tools and services, from payroll and timekeeping, to engagement, employee benefits, performance and learning management, deep analytics, and more.
The Sprout Ecosystem, a comprehensive and effective cloud-based People Platform, is a powerful and completely secure solution that not only allows companies to manage all their HR in one place, with one employee user interface and open API to leverage other enterprise data but also gives invaluable analytics that aid in better enterprise-wide decision-making.
Sprout Solutions Recent Developments
In 2022, Sprout launched 2 inter-company competitions, as part of the Sprout Engage initiative to offer more activities and opportunities for engagement to our clients.
Sprout Solutions Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Sprout 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 Sprout 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 Sprout HR, Sprout Payroll, Sprout Recruit, customers.
Sprout Solutions Overview
Ownership: - x
Number of Employees: 230
Key Verticals: Banking and Financial Services, Communication, Construction, Real Estate, K47, Higher Education, Leisure and Recreation, Hospitality, Life Sciences, Manufacturing, Faith-Based Nonprofit, Youth and Elderly Care, Special Cause Nonprofit, Oil and Gas, Chemicals, Professional Services, Retail, Transportation, Utilities,
Sprout Solutions Key Cloud and HCM Applications
Sprout HR, Sprout Payroll, Sprout Recruit,
Sprout Solutions 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.
Sprout Solutions 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%|
Sprout Solutions HCM Applications Revenues By Sub-Functional Markets, $M:
Split by Sub-Functional Markets
2021 HCM Revenues, By Sub-Functional Markets, $M
Sprout Solutions HCM Applications Revenues By Verticals, $M:
Sprout Solutions Total and HCM Applications Revenues by Region:
|Region||% of Total Revenues||2021 Total Revenues, $M||2021 HCM Applications Revenues, $M|
Sprout Solutions Direct vs Indirect sales
|Region||Direct Sales||Indirect Sales||Total|
Sprout Solutions Customers - Breakdown by Geo, Size, Vertical and Product
No. of Sprout Solutions Customers: 1000
No. of Sprout Solutions HCM Applications Customers: 1000
No. of Sprout Solutions Cloud HCM Customers: 1000
No. of Sprout Solutions Cloud HCM Subscribers: 75000
Sprout Solutions have signed in more than 1,000 clients across a number of industries, including some of the largest ones in the Philippines. Around 75,000 employees of Sprout’s clients currently use its system. The firm targets to reach one million users for its software by the end of 2023. Location-wise, it seeks to expand in Davao and Clark early next year, while broadening its existing presence in Cebu.
Among its customers are: Saperium, Kittelson & Capro, Carve, KMC Solutions, Converga, Rappler, Xurpas and others.
Sprout Solutions Market Opportunities, M&A and Geo Expansions
In 2022, Sprout is focusing on Series B fundraising. Sprout is leveraging on our suite of solutions which automates the entire lifecycle of an employee by leveraging Sprout Core plus third party integrations. By combining Fintech and Saas, Sprout has a much greater opportunity in the Philippines.
Sprout Solutions focuses on multinationals that are in need of scalable HR solutions to accommodate their growth in the local call-center economy. During the pandemic of 2020-2021, Sprout has positioned itself as the leader in hybrid work, expanding its suite of HR services to service enterprise companies throughout the employee experience life-cycle, including recruitment, analytics, performance management, learning management, mental, physical, and financial benefits.
In October 2019, Sprout raised around $6 million of capital from foreign investors, including the US investment firm Point72 Ventures, Dymon Asia, Next Billion Ventures (NBV), and Endeavor Catalyst.
In 2018, Sprout Solutions, has secured USD$1.6 million in seed funding, led by local VC Kickstart Ventures, with participation from Singapore's VC firms. Wavemaker Partners and Beenext, besides an unnamed private investor. They will use the money to accelerate expansion in the Philippines around its Artificial Intelligence products for enterprise-level companies. And also they have already invested some of the funds into a sprawling new office at the Cyber Sigma Building in McKinley Hill.
Sprout Solutions Risks and Challenges
Next challenge lie in educating companies of different sectors regarding elevating their HR practices through utilization of more sophisticated and scalable systems and services that address the entire employee experience.
Sprout Solutions Ecosystem, Partners, Resellers and SI
Primarily direct sales with channel programs.
Sprout Solutions Cloud Platform (PaaS) and Infrastructure (IaaS) Details
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- Sprout Solutions Public Cloud and Infrastructure (IaaS)
- Sprout Solutions Platform (PaaS)
- Sprout Solutions Application Delivery
- Sprout 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:
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