Synel Strengths, Domain Expertise, and Key Differentiators
From 2006 to 2010 Synel made a lot of acquisitions, among them are MLL PayWay Ltd, acquisition of 50% of Ferox, Time America Inc, Anteco and SRL’s Schedule Master. Synel has subsidiaries in the US, UK, France and Sweden, front offices in North America and China and approximately 60 distributors in over 50 Countries.
The company provides a wide range of software integrated hardware solutions for Workforce Management in organizations (Payroll, Time & Attendance, HR recruitment, Employee Engagement, pension savings as well as investment wiring and clearing, Access Control and smart analytics and management of physical security systems).
Synel Recent Developments
In 2020, Synel has incorporated a heat camera in its app. The addition to its software will make it easier for security officers in public buildings to measure the temperature of people entering offices or gyms.
Synel Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Synel 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 Synel 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 SY-HARMONY, HARMONY cloud customers.
Ownership: - TLV:SNEL
Number of Employees: 270
Key Verticals: Aerospace and Defense, Automotive, Banking and Financial Services, Communication, Construction, Real Estate, Consumer Packaged Goods, Distribution, K573, 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,
Synel Key Cloud and HCM Applications
SY-HARMONY, HARMONY cloud
Synel 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.
Synel 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%|
Synel HCM Applications Revenues By Sub-Functional Markets, $M:
Split by Sub-Functional Markets
2021 HCM Revenues, By Sub-Functional Markets, $M
Synel HCM Applications Revenues By Verticals, $M:
Synel Total and HCM Applications Revenues by Region:
|Region||% of Total Revenues||2021 Total Revenues, $M||2021 HCM Applications Revenues, $M|
Synel Direct vs Indirect sales
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Synel Customers - Breakdown by Geo, Size, Vertical and Product
No. of Synel Customers: 120000
No. of Synel HCM Applications Customers: x
No. of Synel Cloud HCM Customers: x
No. of Synel Cloud HCM Subscribers: x
Synel has over 120,000 installations globally. Among Synel customers are Honda, City of London School, The University of Alabama, RockTenn, Aantragaz, Sainsbury's, Volvo, H&M Delta Air Lines, Bryanston, IKEA, Turkish Airlines and others.
Synel Market Opportunities, M&A and Geo Expansions
One of Synel’s products is a workflow management tool that also monitors the employee’s activity on their computer while working remotely, which is a huge opportunity for Synel since the Covid 19 outbreak.
Synel Risks and Challenges
Developing an integrated Cloud across its acquisitions could take some time.
Synel Ecosystem, Partners, Resellers and SI
Synel has a network of distributors and partners in over 34 countries worldwide, with subsidiaries in the UK, France, Sweden and USA. Among Synel partners are: Fourth Hospitality, Infor, Stanley Security, Access-to-Time, DB Group Inc, Facetime, eAttendance, International Time Recording of Georgia, Lawson Software, Nevum, Oracle PartnerNetwork, Synnex Corporation, TimeTECH, iSams, Sims-Capita, Oracle Partner Network, Suprema Inc, ISS Intelligent Security Systems Ltd. and many others.
Synel Cloud Platform (PaaS) and Infrastructure (IaaS) Details
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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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