Tricor Group Strengths, Domain Expertise, and Key Differentiators
Tricor Group has a growing global presence and it's Asia leading provider of integrated business, corporate, investor, human resources & payroll, and corporate trust & debt services. As a business enabler, Tricor provides outsourced expertise that allows its clients to concentrate on building a business. In most of the countries and territories in which Tricor operates, its professional specialists provide a comprehensive range of services including the following: business advisory; entity formation; corporate governance, corporate administration & secretarial; trust & fiduciary services; accounting & financial reporting; payroll, payment & treasury administration; services for new issues / initial public offerings (IPO) & registry management; tax services; China entry & consulting; executive search; human resource consulting; and fund administration.
Tricor Group Recent Developments
In January 2020, Tricor Hong Kong partnered with Willis Towers Watson (WTW), a leading global advisory, broking and solutions company, to broaden its comprehensive portfolio of services with insurance, risk management and human capital solutions. The partnership is founded on WTW’s experience of delivering best in class workforce protection and risk transfer solutions.
In November 2019, Tricor Group partnered with Praxonomy, a cloud-based board management software provider, to expand its solution portfolio with Praxonomy's secure digital board portal.
In June 2018, Tricor Group released unify | HRS, a comprehensive and integrated technology and services solution that addresses the human resources challenges businesses to face as they grow in the region. The integrated solutions suite is a result of combining Tricor Group's market-leading managed services with a mature human resources software and outsourcing platform from Orisoft Technology.
Tricor Group Mergers and acquisitions (M&A) Activities
In April 2020, Tricor completed the sale and purchase agreement to acquire the Malaysia operations of Axcelasia Inc., an integrated professional services firm delivering Governance, Risk & Compliance (GRC) solutions, corporate, business and tax services. Axcelasia Inc., ("Axcelasia") a SGX listed company, has a staff of 100+ professionals and a 1,000+ client portfolio consisting of public listed companies, private companies, government-linked entities and multinational corporations.
Tricor Group Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Tricor Group 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 Tricor Group 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 Tricor Staffi ng Solutions (TSS) customers.
Tricor Group Overview
Ownership: - x
Number of Employees: 2700
Key Verticals: Aerospace and Defense, Automotive, Banking and Financial Services, Communication, Construction, Real Estate, Consumer Packaged Goods, Distribution, K12, 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 Nonprofit, Special Cause Nonprofit, Oil and Gas, Professional Services, Retail, Transportation, Utilities,
Tricor Group Key Cloud and HCM Applications
Tricor Staffi ng Solutions (TSS)
Tricor Group 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.
Tricor Group Revenue Breakdown by Type:
|Type||License||Services||Hardware||Support & Maintenance||SaaS|
|% of Total Revenues||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe|
Tricor Group HCM Applications Revenues By Sub-Functional Markets, $M:
Split by Sub-Functional Markets
2019 HCM Revenues, By Sub-Functional Markets, $M
Tricor Group HCM Applications Revenues By Verticals, $M:
Tricor Group Total and HCM Applications Revenues by Region:
|Region||% of Total Revenues||2019 Total Revenues, $M||2019 HCM Applications Revenues, $M|
Tricor Group Direct vs Indirect sales
|Region||Direct Sales||Indirect Sales||Total|
Tricor Group Customers - Breakdown by Geo, Size, Vertical and Product
No. of Tricor Group Customers: 50000
No. of Tricor Group HCM Applications Customers: x
No. of Tricor Group Cloud HCM Customers: x
No. of Tricor Group Cloud HCM Subscribers: x
Among Tricor customers are 50,000 clients, including 2,000 companies publicly listed in Asia and over 40% of the Fortune Global 500 companies,Tricor has a network of offices in 39 cities across 20 countries/territories.
Tricor Group Market Opportunities, M&A and Geo Expansions
In 2019, Tricor experienced Digital Transformation at a faster pace than ever before, setting the precedent for a much-anticipated 2020. As digital technologies dramatically reshape industries, many companies are pursuing large-scale change to get a good grip of the trending benefits and to keep up with competitors.
Tricor Group Risks and Challenges
Tricor Group is primarily a financial services company.
Tricor Group Ecosystem, Partners, Resellers and SI
In February 2020, Tricor Hong Kong and Farseer entered into a strategic partnership, combining Tricor’s leading integrated business advisory and share registry services with Farseer’s Artificial Intelligence (AI) platform. Through this partnership, Tricor and Farseer provide a platform that helps companies gain visibility into what is driving brand and IR health.
In January 2018, Tricor Group unveiled its strategic alliance with global expansion experts Fitzgerald & Law, to enable US companies to enter both European and Asian markets with ease. From their shared base in San Francisco, the two companies will collaborate on their sales and marketing efforts across the US helping clients to accelerate expansion into key markets. This strategic alliance will streamline all cross-border services including company formation, global payroll, international accounting, tax, and HR.
Tricor Group 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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