About Ascender HCM
Ascender HCM is a company based in Sydney (Australia) founded in 2003 was acquired by Ceridian in February 2021.. Ascender HCM has completed 2 acquisitions, including People Streme Human Capital Management and Workcloud. Ascender HCM offers products and services including Payroll Software, Payroll Outsourcing, HR Software, Recruitment, and OnBoarding. Ascender HCM operates in a competitive market with competitors including Gusto, Justworks, Earnin, Paylocity and Payflow, among others.
- Headquarter Sydney, Australia
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Sectors
Technology
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Email
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Phone
*********
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Website
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Social
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- Legal Name Ascender India Private Limited
- Date of Incorporation 16 May, 2016
- Jurisdiction Hyderabad, Telangana, India
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Annual Revenue
$200.1 K (USD)-48.39as on Mar 31, 2023
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Net Profit
$7.22 K (USD)-93.74as on Mar 31, 2023
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EBITDA
$18.13 K (USD)-88.73as on Mar 31, 2023
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Latest Funding Round
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Investors
Ceridian
& 2 more
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Employee Count
Employee Count
- Investments & Acquisitions
- Acquired by
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Products & Services of Ascender HCM
Ascender HCM offers a comprehensive portfolio of products and services, including Payroll Software, Payroll Outsourcing, HR Software, Recruitment, and OnBoarding. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Automates payroll processes to ensure accurate payments and compliance with local laws.
Manages payroll tasks externally, freeing businesses to focus on core activities.
Enhances employee engagement through modules for recruitment and performance tracking.
Streamlines hiring processes to improve quality of hires and recruitment speed.
Automates new hire setup to create engaging experiences for employees.
Funding Insights of Ascender HCM
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Ascender HCM
Ascender HCM has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include Ceridian, Potentia Capital and Five V Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Private equity investments are focused on technology and software businesses.
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Founded Year | Domain | Location | |
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Private equity investments are made in Australia and New Zealand.
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Founded Year | Domain | Location | |
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Cloud-based human capital management software is provided for enterprises.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Ascender HCM
Ascender HCM has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include People Streme Human Capital Management and Workcloud. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Cloud-based HRMS solutions are offered for SMEs.
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2015 | ||||
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Cloud-based HRMS is delivered for enterprise human capital management.
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2001 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Ascender HCM
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Ascender Hcm Comparisons
Competitors of Ascender HCM
Ascender HCM operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Gusto, Justworks, Earnin, Paylocity and Payflow, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-based HR and payroll solutions are offered for small businesses.
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| domain | founded_year | HQ Location |
Benefits administration and payroll management are provided for businesses.
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| domain | founded_year | HQ Location |
Real-time access to earned wages is provided fee-free.
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| domain | founded_year | HQ Location |
Cloud-based payroll and HR solutions are provided for businesses.
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| domain | founded_year | HQ Location |
Payflow is recognized as a financial wellness application for employees.
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| domain | founded_year | HQ Location |
Cloud-based HR and payroll management solutions are offered.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Ascender Hcm
Frequently Asked Questions about Ascender HCM
When was Ascender HCM founded?
Ascender HCM was founded in 2003.
Where is Ascender HCM located?
Ascender HCM is headquartered in Sydney, Australia. It is registered at Sydney, New South Wales, Australia.
What is the annual revenue of Ascender HCM?
Annual revenue of Ascender HCM is $200.1K as on Mar 31, 2023.
What does Ascender HCM do?
Ascender was established in 2003 in Sydney, Australia, within the human resources software sector. Payroll management solutions are provided for businesses, encompassing payroll processing, leave management, timesheet tracking, and payroll summary generation. A cloud-based platform is utilized to integrate payroll, HR, and enterprise applications, supporting operational efficiency across various organizational needs.
Who are the top competitors of Ascender HCM?
What products or services does Ascender HCM offer?
Ascender HCM offers Payroll Software, Payroll Outsourcing, HR Software, Recruitment, and OnBoarding.
How many acquisitions has Ascender HCM made?
Ascender HCM has made 2 acquisitions, including People Streme Human Capital Management, and Workcloud.
Who are Ascender HCM's investors?
Ascender HCM has 3 investors. Key investors include Ceridian, Potentia Capital, and Five V Capital.