Sterling Talent Solutions Strengths, Domain Expertise, and Key Differentiators
Sterling is a provider of background and identity services, it offers a foundation of trust and safety that spans across industries, professions, and borders. Their technology-powered services help organizations create great environments for their workers, partners, and customers. With office locations around the world, Sterling conducts more than 100 million searches annually.
Sterling Talent Solutions Recent Developments
As of September 2021, the Company is 63.8% owned by an investment group consisting of entities advised by or affiliated with The Goldman Sachs Group, Inc. (“Goldman Sachs”) and Caisse de dépôt et placement du Québec (“CDPQ”). CDPQ owns its equity interest in the Company indirectly through a limited partnership controlled by Goldman Sachs.
In July 2020, Sterling launched its COVID-19 health testing program for employers as they return to workplaces and maintain cultures of trust and safety during the pandemic. The managed end-to-end COVID-19 health testing program is customizable to fit the unique scenarios that companies across the United States are experiencing as they seek to create safe work environments for their employees, customers, and communities, and instil confidence in their businesses and brands.
Sterling Talent Solutions Mergers and acquisitions (M&A) Activities
TalentWise was merged with Sterling Background Checking Solutions in 2016 and is now called SterlingONE.
Sterling Talent Solutions Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Sterling Talent 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 Sterling Talent 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 SterlingONE customers.
Sterling Talent Solutions Overview
Ownership: - NASDAQ GS: STER
Number of Employees: 6000
Functional Market: Recruiting,
Key Verticals: Aerospace and Defense, Automotive, Banking and Financial Services, Communication, Construction, Real Estate, Consumer Packaged Goods, Distribution, K233, Higher Education, Federal Government, State and Local Government, Public Safety, Healthcare, Life Insurance, P&C Insurance, Specialty Insurance, Leisure and Recreation, Hospitality, Life Sciences, Manufacturing, Media, Faith-Based Nonprofit, Youth and Elderly Care, Special Cause Nonprofit, Oil and Gas, Chemicals, Professional Services, Retail, Transportation, Utilities,
Sterling Talent Solutions Key Cloud and HCM Applications
Sterling Talent 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.
Sterling Talent 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%|
Sterling Talent Solutions HCM Applications Revenues By Sub-Functional Markets, $M:
Split by Sub-Functional Markets
2021 HCM Revenues, By Sub-Functional Markets, $M
Sterling Talent Solutions HCM Applications Revenues By Verticals, $M:
Sterling Talent Solutions Total and HCM Applications Revenues by Region:
|Region||% of Total Revenues||2021 Total Revenues, $M||2021 HCM Applications Revenues, $M|
Sterling Talent Solutions Direct vs Indirect sales
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Sterling Talent Solutions Customers - Breakdown by Geo, Size, Vertical and Product
No. of Sterling Talent Solutions Customers: 50000
No. of Sterling Talent Solutions HCM Applications Customers: 50000
No. of Sterling Talent Solutions Cloud HCM Customers: 50000
No. of Sterling Talent Solutions Cloud HCM Subscribers: x
With 20 offices in nine countries, the Sterling Talent team has more than 3,500 employees and serves over 40,000 customers around the world.
In November 2021, Financial Industry Regulatory Authority (FINRA) selected Sterling Check Comp. as the regulator’s designated fingerprint services provider. Under this arrangement, Sterling will process and submit fingerprints to the Department of Justice (FBI) on behalf of FINRA for broker-dealer firms and funding portals.
Sterling Talent Solutions Market Opportunities, M&A and Geo Expansions
In September 2021, Liveops Inc., the leading provider of skilled virtual workforces for customer service and sales, published a more accessible and quicker entry into Liveops for Independent Contractors through a new partnership with Sterling. The new partnership offers a faster, more convenient way for prospective contractor agents to join the Liveops Network.
Shares of Sterling’s common stock began trading on the Nasdaq Global Select Market on September 23, 2021 under the symbol “STER”.
In June 2021, Sterlings published new integration with SmartRecruiters, a global leader in enterprise recruiting software. Partnered since 2015, Sterling has continued to expand its integrations with SmartRecruiters and will be one of the first background screening providers to offer integration on the new SmartRecruiters Application Programming Interface (API).
In June 2021, Sterlings Canadian subsidiary, Sterling Backcheck, become a member of the Digital ID and Authentication Council of Canada (DIACC), a non-profit coalition of public and private sector leaders committed to developing a Canadian framework for digital identification and authentication.
As a member of the DIACC, Sterling Backcheck will play a crucial role in advancing the organization’s mission to create interoperable capabilities of the public and private sector to secure Canada’s full and beneficial participation in the digital economy.
Background-screening companies have begun offering COVID-19 testing and administration services as a natural extension of their existing business offerings. Sterling Talent Solutions made sure to jump on the train on time, launching the COVID-19 health testing program.
Sterling Talent Solutions Risks and Challenges
The focus is on background screening, which is a limited HCM market. Solutions from Sterling like Candidate Relationship Management or ATS could accelerate the growth as a software company.
In October 2021, Sterling Check Comp. appointed Judah Sokel to the newly created role of Vice President of Investor Relations. Reporting to Peter Walker, Sterling’s Chief Financial Officer, Judah will lead Sterling’s investor relations strategy and oversee its relationships with the investment community.
Sterling Talent Solutions Ecosystem, Partners, Resellers and SI
In October 2019, Sterling made a new partnership with LinkedIn Talent Hub to serve as an initial integration partner on the applicant tracking system (ATS), which is the only ATS built on the LinkedIn network with more than 645 million members. LinkedIn Talent Hub allows customers to source, manage and hire in one integrated platform.
Sterling has integration partners with leading ATS and other HCM providers, such as: iCIMS, Oracle, SAP SuccessFactors, Ultimate Software, greenhouse, Jobvite, Bullhorn, Snag, Lever, PageUp, Cadient Talent, Ceridian, Cornerstone OnDemand, and many more.
Sterling Talent Solutions Cloud Platform (PaaS) and Infrastructure (IaaS) Details
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- Sterling Talent Solutions Public Cloud and Infrastructure (IaaS)
- Sterling Talent Solutions Platform (PaaS)
- Sterling Talent Solutions Application Delivery
- Sterling Talent 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).
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