Vitech Systems Group Among HCM Top 500

401 Park Avenue South

New York, NY, 10016, United States

1 212-868-0900

https://www.vitechinc.com/

245

Vitech Systems Group Strengths, Domain Expertise, and Key Differentiators

Vitech Systems Group is a provider of administration software to insurance, retirement, and investment organizations. Additionally, Vitech implementation and integration services are necessary to make the V3 software a truly transformative business solution within any organization. From initial planning, to project execution, to cutover and ongoing support, the Vitech services team is there to partner with the customer every step of the way.

Vitech Systems Group Recent Developments

In September 2021, Vitech appointed Richard Hart as Chief Executive Officer. Richard has served as Vitech’s interim CEO since March 2021 and has served on Vitech’s Board of Directors since 2019. Prior to joining Vitech, Richard served as CFO and Chief Strategy Officer at Guidewire Software, a global organization focused on the development and delivery of cloud-based platform services to the property and casualty insurance industry, and has served in various advisory and leadership roles in financial and technology companies throughout his career.

In 2020, Vitech became an Amazon Web Services (AWS) Financial Services Competency Partner. The partnership with AWS allows Vitech to even more effectively help clients revolutionize their market offerings.

In June 2018 Vitech unveiled V3locity, a SaaS-based offering of its flagship V3 software. V3locity is a fully managed, public cloud-native solution that provides unprecedented performance, scalability, resiliency, and security to V3 customers. Initially available via Amazon Web Services, V3locity will help organizations increase speed-to-market, improve administrative operations and expand customer servicing capabilities, all while simplifying operations and avoiding the need to deploy and maintain the increasingly complex computing infrastructure associated with running enterprise software."

Vitech Systems Group Mergers and acquisitions (M&A) Activities

In June 2019, Vitech Systems Group signed a definitive agreement with funds advised by CVC Capital Partners under which CVC Fund VII and CVC Growth Partners will make a majority investment in Vitech System Group.

Vitech Systems Group Customers in ARTW Customer Database

Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Vitech Systems 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 Vitech Systems 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 V3locity customers.

Vitech Systems Group Overview

Ownership: - CVC Capital Partners

Number of Employees: 1600

Functional Market: Benefits Administration, Pension Administration,

Key Verticals: Banking and Financial Services, Federal Government, State and Local Government, Public Safety, Life Insurance, P&C Insurance, Specialty Insurance, Professional Services,

Vitech Systems Group Key Cloud and HCM Applications

V3locity

Vitech Systems Group HCM and Cloud HCM Applications Revenues, $M:

Type/Year20202021YoY 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.

Vitech Systems Group Revenue Breakdown by Type:

TypeLicenseProf. ServicesHardwareSupport & MaintenanceSaaSPaaSIaaSOther (Non Enterprise Application Revenues)Total
% of Total Revenues Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe 100%
Revenues, $M Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe

Vitech Systems Group Total and HCM Applications Revenues by Region:

Region% of Total Revenues2021 Total Revenues, $M2021 HCM Applications Revenues, $M
Americas Subscribe Subscribe Subscribe
EMEA Subscribe Subscribe Subscribe
APAC Subscribe Subscribe Subscribe
Total Subscribe Subscribe Subscribe

Vitech Systems Group Direct vs Indirect sales

RegionDirect SalesIndirect SalesTotal
Type % Subscribe Subscribe Subscribe
Revenues, $M Subscribe Subscribe Subscribe

Vitech Systems Group Customers - Breakdown by Geo, Size, Vertical and Product

List of Verified Vitech Systems Group Customers


No. of Vitech Systems Group Customers: 100+

No. of Vitech Systems Group HCM Applications Customers: 100+

No. of Vitech Systems Group Cloud HCM Customers: x

No. of Vitech Systems Group Cloud HCM Subscribers: x


Vitech Systems Group has more than 100 clients through North America, Europe, Asia, and the Middle East.

Among its customer are: Pennsylvania Public School Employees Retirement System (PSERS), Employees Retirement Fund of the City of Dallas (Dallas ERF), Manulife, New York City Police Pension Fund (NYCPPF), San Mateo County Employees Retirement System (SamCERA), The World Bank Group and many others.

Vitech Systems Group Market Opportunities, M&A and Geo Expansions

In March 2021, Vitech hired its 800th employee, reflecting the dynamic growth and productivity of Vitech’s newest space. Vitech first established its presence in Hyderabad in 2003 to provide 24/7 coverage and additional support for Vitech’s clients.

"In June 2018, Vitech unveiled V3locity, a SaaS-based offering of its flagship V3 software. V3locity is a fully managed, public cloud-native solution that provides unprecedented performance, scalability, resiliency, and security to V3 customers. Initially available via Amazon Web Services, V3locity will help organizations increase speed-to-market, improve administrative operations and expand customer servicing capabilities, all while simplifying operations and avoiding the need to deploy and maintain the increasingly complex computing infrastructure associated with running enterprise software.

V3locity also unleashes an extended array of new features by pairing V3 with the ever-increasing power of public clouds, including artificial intelligence capabilities, automated regression testing, and integration with home assistants, like Amazon's Alexa."

Vitech Systems Group Risks and Challenges

Migration to the Cloud is a Work in progress.

Vitech Systems Group Ecosystem, Partners, Resellers and SI

"Vitech Systems is headquartered in New York City and employs over 1600 professionals across the world in cities such as Toronto, Chicago, Los Angeles, San Francisco, Oklahoma City, Washington D.C., Atlanta, Dublin, Paris, London, and Zurich.

It does most of its sales via direct sales."

Vitech Systems Group Cloud Platform (PaaS) and Infrastructure (IaaS) Details

Subscribe to read more about:

  • Vitech Systems Group Public Cloud and Infrastructure (IaaS)
  • Vitech Systems Group Platform (PaaS)
  • Vitech Systems Group Application Delivery
  • Vitech Systems Group Private Cloud and Data Centers

Research Methodology

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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