Sprout Solutions Strengths, Domain Expertise, and Key Differentiators
Sprout Solutions offers Payroll Pie, which provides a comprehensive online payroll solution for the Philippines' business market; Sprout HR, a safe and efficient cloud-based human resource information system; and CATS, a unified system that consolidates all recruitment operations in one system for a seamless hiring process.
Sprout Solutions Recent Developments
The company's current products include Sprout's Payroll Pie, which provides a comprehensive online payroll solution for the Philippines' business market; Sprout HR, a safe and efficient cloud-based human resource information system; and Sprout ATS, centralized system by having a completely automated tracking system where clients can view all the information they need about their candidates.
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: Aerospace and Defense, Automotive, Banking and Financial Services, Communication, Construction, Real Estate, Consumer Packaged Goods, Distribution, K12, Higher Education, Federal Government, Public Safety, Healthcare, Life Insurance, Leisure and Recreation, Hospitality, Life Sciences, Manufacturing, Media, Faith Based Nonprofit, Youth and Elderly Care Nonprofit, Special Cause Nonprofit, Oil and Gas, 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||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.
Sprout Solutions Revenue Breakdown by Type:
|Type||License||Services||Hardware||Support & Maintenance||SaaS|
|% of Total Revenues||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe|
Sprout Solutions HCM Applications Revenues By Sub-Functional Markets, $M:
Split by Sub-Functional Markets
2019 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||2019 Total Revenues, $M||2019 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: 300
No. of Sprout Solutions HCM Applications Customers: 300
No. of Sprout Solutions Cloud HCM Customers: 300
No. of Sprout Solutions Cloud HCM Subscribers: 75000
Sprout Solutions have signed in more than 300 nationwide companies to apply their payroll and HR/hiring systems, 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
Sprout Solutions focuses on multinationals that are in need of scalable HR solutions to accommodate their growth in the local call-center economy. 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 lies in convincing multinationals to take its HR applications to other parts of Asia where outsourcing has already been entrenched.
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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