Ascentis Corporation, a market leader in easy-to-use human resource software, online payroll services and human capital management (HCM) solutions, today announced another year of significant growth and continued momentum. Since 2011, Ascentis has increased bookings by 113%, revenue by 94% and recurring revenue by 107% while maintaining an industry-leading level of customer satisfaction as measured by Net Promoter Score (an industry-recognized method of measuring client satisfaction) Ascentis also completed a $7 million fund in December 2014, which will continue to boost business growth and accelerate the development of next generation solutions.
The key growth metrics for 2014 include:
Sales bookings have increased by 31%.
Total revenues increased by 33%
Total recurring revenues increased by 35%
Recurring monthly revenue (December 2013 to December 2014) increased by 40%.
Total recurring revenue increased to 95% as a percentage of total revenue
Customer retention remains very strong at 98%+
Total Lives Added from Net New Clients increased by 36%
Acquisition of Starfield to introduce a full suite of talent management products
‘When Pizza Properties started looking for a new human capital management solution in 2014, we were looking for a partner that could really help us manage the complex regulations of the ACA,’ said Sharon Voelz, Vice President of Human Resources. ‘When we realized what Ascentis could do to help us comply with the ACA’s complex mandates and everything else we could do to streamline and automate our HR, benefits management, payroll and recruitment processes, we knew we’d found that partner. ”
Ascentis offers a full suite of HR, benefits, payroll, timekeeping and talent management products to more than 1,500 clients across the U. Oh, S And Canada’s Clients added in 2014 include Active Sports Clubs, Adult Day Health Care LLC, AKIRA, Boston Outdoor Recreation, Le Centre de sainte communautaire du Temiskaming, Five Brothers Default Management, Gehan Homes LTD, Hanac Inc. LLC, Harrison Gypsum, LaForce, Inc. Logan International Inc; , Magic One, Med Trust, Molycorp Inc. , New Teacher Center, North Carolina Elderly Psychiatric Services, Pacific Science Center, PENSCO Trust Company, Permian Basin Community Centres, Pizza Properties, Proterra, River States Truck and Trailer, St. Supery Estate Winery & Winery, Thompson Technologies Inc. , Group Transitions Inc , Tropical Financial Credit Union, Utility Data Contractors and Voluntary Purchase Group Robust feature sets, combined with Ascentis’ proven track record of rapid implementation, fanatical customer satisfaction and relationship pricing, show that Ascentis delivers unparalleled solutions, capabilities and value to the market. As a result, Ascentis clients have a positive impact on their businesses through human capital management solutions.
‘2014 was another fantastic year for our clients and Ascentis. We have continued to make significant progress in every aspect of our business, as demonstrated by our growth figures and our extremely high customer retention rates. Both are directly attributed to our great products, people and services,” said DJ Chhabra, CEO of Ascentis. ‘In addition, we have made significant advancements in our products and delivered key capabilities and innovations to the marketplace. In July 2014, we acquired Starfield TMS to complete our suite of offerings and position Ascentis as the only provider in the SMB space with a breadth and depth of HCM products. ”
About the Ascent
Ascentis Corporation, supported by Palm Ventures and Catalyst Investors, offers easy-to-use, human capital recruitment, HRIS, talent management, online payroll, time and attendance solutions that enhance business efficiency and accuracy. Ascentis automates critical HR and payroll processes such as full-scale benefits management, compliance, online open enrolment, workforce management, real-time payroll processing, tax filing, applicant tracking, self-service employees and managers, and reporting. The talent management solutions of Ascentis include learning management, performance management, succession planning, 360° assessment and compensation management. One data entry point means that employee information is accurate, up-to-date and reportable. Electronic submission of information to insurance carriers eliminates errors and encourages a paperless open enrollment process.
For more information on Ascentis, please send your media inquiries to marketing@ascentis. Come or contact Heather Bansemer at 1 800. 800. 229 229 2713 x 174 x
About the Investors Catalyst
New York-based Catalyst Investors is a growing equity firm focused on technology-enabled services, including cloud computing, wireless infrastructure and digital media. Catalyst was founded in 2000 and is investing in its third fund. A proactive investor, the firm draws on its extensive industry expertise to work in real partnership with management to build long-term value Past and current Catalyst portfolio companies include Aloha Partners; InSite Wireless Group; Latisys; MessageLabs; MediaMath; MINDBODY; Nine Systems; Videology; WeddingWire; and Xplornet. Visit Catalyst Investors for more information Come on,
On the Palm Ventures
Palm Ventures, based in Greenwich, CT, is a family investment company focused on investing its capital and that of a small group of large investors in companies that have a positive and transformative impact on society and generate predictable revenue streams in fragmented industries. Palm Ventures takes a strong value-added approach to the development of its portfolio companies, leveraging a broad network of strategic investors, retired executives and operating professionals who provide strategic advice and supervision to companies and managers. Visit palm adventures for more information. Come on,
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