Vitech Systems Group Strengths, Domain Expertise, and Key Differentiators
Vitech Systems Group is a leading provider of administration software to insurance, retirement and investment organizations. Additionally, Vitech implementation and integration services 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 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 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: - x
Number of Employees: 1200
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/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.
Vitech Systems Group Revenue Breakdown by Type:
| Type | License | Services | Hardware | Support & Maintenance | SaaS |
|---|---|---|---|---|---|
| % of Total Revenues | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe |
Vitech Systems Group HCM Applications Revenues By Sub-Functional Markets, $M:
Split by Sub-Functional Markets | % | 2019 HCM Revenues, By Sub-Functional Markets, $M | |
Vitech Systems Group HCM Applications Revenues By Verticals, $M:
Vitech Systems Group Total and HCM Applications Revenues by Region:
| Region | % of Total Revenues | 2019 Total Revenues, $M | 2019 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
| Region | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| 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: x
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 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 Work in progress.
Vitech Systems Group Ecosystem, Partners, Resellers and SI
Vitech Systems is headquartered in New York City and employs over 1200 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
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- 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).
For additional information on our methodologies, here's the link:
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