HR Technology Market for SMB

Small Business HR Technology Software Market Beyond Payroll

• The USA Market for HR Technology is 100,000 middle market ($10 million to $250 million, 50 to 10,000 employees), more than one (1) million SMBs (<$10 million, <100 employees), and the enterprise market, plus government entities. The aftermarket opportunities are numerous, long-tailed. 
  
• Growth requires a “WOW” product supported by foundational recurring revenue solutions which solve BIG outcomes for buyers. Wealth is created thru “Technology Enabled Services” which utilize a “Holistic” Partnering Approach backed by strong product marketing, core revenue operations sales team, and strategic channel partners.
  
• Market comparables of private pre institutional enterprise valuation range from a minimum of 4 to 7 with a high of 12.
  
• Pricing economics per employee per month of $0.99 for light SMB to $9.80 for professional enterprise price/WSEE (worksite employee).

Market Landscape Map: Beyond Payroll Star Performers for SMB Payroll with HR Technology

For Small Business Owners without an HR person whom want a singular vendor: ADP (NASDAQ: ADP) [620,000 customers] Ceridian (Thompson Bravo) [100,000] CoAdvantage (Compass) [5,000] CompuPay (Willis Stein & Partners) [160,000] Infinisource (KKR) [90,000] Insperity (NYSE: NSP) [10,000] Oasis Outsourcing (Stone Point Capital, Trident) [10,000] Sheakley (private, $150M) [50,000] TriNet (NYSE: TNET) [10,000] For Small and Medium Businesses whom want the perfect solution from multiple vendors: Ascentis (Catalyst & Palm) [2,500 customers] CBIZ (NYSE: CBZ) [90,000] CheckpointHR (Edison Venture Partners) [9500] CloudPay (formerly Pattersons, Rho Canada and Pinnacle Ventures) [10,000] EmployeeMax (private, <$50M) [1,500] IOI Pay Interlogic(private, <$50M) [6,000] Mangrove (private, <$50M) [4,500] Paycheck (NASDAQ: PAYX) [554,000] Paycom (NYSE: PAYC) [10,000] Paycor (Evolution Platform, Guy Henshaw) [20,000] Paylocity (NASD: PCTY) [7,000] PrimePay (private, $100M) [5000] Sentric (private, <$50M) [3,500] TriCore (private, <$50M) [5,000] Ultimate Software (NASD: ULTI) [5,000] Valiant (private, <$50M) [3,000] Zen Payroll (General Catalyst Partners & KPCB) [9000] Zenefits (Andreesen, IVP, others) [2,500]

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