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Ascentis: Company Overview

Delivered October 3, 2019. Contributor: Dagmawit W.

Goals

To understand Ascentis Human Capital Management Software and determine if is a good client fit.

Early Findings

ASCENTIS HUMAN CAPITAL MANAGEMENT SOFTWARE

COMPANY OVERVIEW
  • Its estimated revenue is $25M.
  • Ascentis is a private company. For this reason, its financial reports are not publicly available.
  • It has received $10.3M in funding.
  • It has about 260 employees. 
  • The company was established in 1980. 
RECENT NEWS
  • On April 2, 2019, Ascentis announced that it acquired ITS (Integrated Time Systems) for an undisclosed amount. 
  • On Dec 11, 2018, Ascentis announced that it acquired Cincinnati Time Systems for an undisclosed amount.
  • On Sep 11, 2018, Ascentis announced that it acquired NOVAtime for an undisclosed amount.
COMPETITORS
  • Workforce Software
  • Namely
    • Its estimated revenue is $50M. 
    • This is a private company with about 400 employees.
  • Triton Benefits & HR Solutions
    • Its estimated revenue is $5M.
    • This is a private company with about 50 employees.

Proposed next steps:

You need to be the project owner to select a next step.
Our research was able to find general information about Ascentis. We propose continued research to identify 4-5 challenges they face in marketing, sales, and customer experience. We will also do a press search and provide the top 5 articles within the past 3 years. "Top" will be determined by the articles that had the most engagement or the most press coverage.
Additionally, we propose identifying 4-6 true competitors. These are competitors that earn higher revenue than Ascentis. We will provide information on their revenue, funding, employee count, 3 most-recent news items, and 2-3 challenges they face in marketing, sales, or customer experience.
Additionally, we could analyze the company's history to determine whether it has grown over the years. We will provide 3-4 factors that would depict the growth of the company. We will analyze the company in three sections: the past 2 years, 5 years, and 10 years.