About Ascender HCM
Ascender HCM is a Technology company based in Sydney (Australia) founded in 2003, and was acquired by Ceridian in February 2021. Payroll and HR management solutions are delivered to businesses. Ascender HCM has completed 2 acquisitions, including People Streme Human Capital Management and Workcloud. Its Indian entity Ascender India Private Limited reported revenue of ₹1.66 Cr. Ascender HCM offers products and services including Payroll Software, Payroll Outsourcing, HR Software, Recruitment, and OnBoarding. Its focus areas include Enterprise Applications, HRTech, Payroll Management and FinTech.
Company details
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.
- Headquarters Sydney, Australia
- Stage Acquired
- SectorsTechnology
- Email••••••••
- Phone•••• ••••
- Website ascenderhcm.com
- Social LinkedIn X Facebook YouTube
- Acquired by Ceridian (Feb 2021)
- Legal Name Ascender India Private Limited
- Date of Incorporation 16 May, 2016
- Jurisdiction Hyderabad, Telangana, India
- Indian entity revenue₹1.66 Cr
FY 2023 · -48% YoY
- Indian entity net profit₹6 Lakh
FY 2023 · 4% margin
- Indian entity EBITDA₹15.1 Lakh
FY 2023 · 9% margin
- InvestorsCeridian
& 2 more
- Investments & Acquisitions
- Acquired by
Associated legal entities of Ascender HCM
Ascender HCM operates through Ascender India Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2023) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Ascender India Private Limited CIN U74999TG2016FTC109691 | Active | 16 May 2016 | Hyderabad, Telangana | ₹1.7 Cr | 2 | View details |
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.
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.
Apps and channels of Ascender HCM
its YouTube channel Ascender HCM has 5.89K subscribers and 28 videos.
Videos from Ascender HCM
The most watched videos on Ascender HCM's YouTube channel, Ascender HCM (5.89K subscribers). Click a video to play it here.
More on Ascender HCM.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private equity investments are focused on technology and software businesses. | potentiacap.com | Sydney, Australia | ||
Private equity investments are made in Australia and New Zealand. | fivevcapital.com | Darlinghurst, Australia | ||
Cloud-based human capital management software is provided for enterprises. | 1992 | ceridian.com | Minneapolis, United States |
Investor details for Ascender HCM
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Board of directors of Ascender India Private Limited (Ascender HCM)
Ascender India Private Limited is the primary company behind Ascender HCM. The board of Ascender India Private Limited currently have 2 directors; the longest-serving is Sumit Gaur, appointed in 2021. 8 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Sumit Gaur DIN 08302469 | Director | 13 May 2021 | 5 yrs 5 mo | Ascender India Private Limited |
| Manju Chawla DIN 08756956 | Director | 30 Nov 2021 | 4 yrs 11 mo | Ascender India Private Limited |
Financials of Ascender HCM
Figures of Ascender India Private Limited, the primary company behind Ascender HCM, for FY 2023. Revenue was ₹1.66 Cr (-48% year on year). Net profit was ₹6 Lakh (4% margin). EBITDA was ₹15.1 Lakh (9% margin). Revenue has grown at a compounded annual rate of +82% over three years and +53% over five years.
- ₹1.66 CrRevenue · FY 2023 · -48% YoY
- ₹6 LakhNet profit · 4% margin
- ₹15.1 LakhEBITDA · 9% margin
- ₹1 LakhPaid-up capital
- +82%Revenue CAGR, 3 years
- +53%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Ascender India Private Limited are on its company page.
Detailed financial statements for Ascender HCM
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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.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Cloud-based HRMS is delivered for enterprise human capital management. | peoplestreme.com | Melbourne, Australia | 2001 | Sep 2018 | •••• | |
Cloud-based HRMS solutions are offered for SMEs. | workcloud.jp | Tokyo, Japan | 2015 | Feb 2017 | •••• |
Complete acquisition details for Ascender HCM
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Timeline of Ascender HCM
5 dated milestones of Ascender HCM across 18 years, from founding to its latest funding, stage changes and deals.
- Founded Ascender HCM is founded.
- Exit Acquired by Potentia.
- Acquisition Acquires Workcloud.
- Acquisition Acquires People Streme Human Capital Management.
- Exit Acquired by Ceridian.
Web traffic of Ascender HCM
The website of Ascender HCM (ascenderhcm.com) receives about 8.2K visits a month.
- Monthly visits8.2K
▲ 41.4% vs previous month
Websites whose visitors overlap most with Ascender HCM. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
preceda.com.au | preceda.com.au | 100% | #161,197 | – |
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Related news about Ascender Hcm
Complete news archive for Ascender HCM
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Frequently Asked Questions about Ascender HCM
Ascender HCM was founded in 2003.
Ascender HCM is headquartered in Sydney, Australia. It is registered at Sydney, New South Wales, Australia.
The primary company behind Ascender HCM, Ascender India Private Limited, reported revenue of ₹1.66 Cr for FY 2023, down 48% year on year.
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.
Ascender HCM offers Payroll Software, Payroll Outsourcing, HR Software, Recruitment, and OnBoarding.
Ascender HCM has made 2 acquisitions, including People Streme Human Capital Management, and Workcloud.
Ascender HCM has 3 investors. Key investors include Ceridian, Potentia Capital, and Five V Capital.
Ascender HCM operates through Ascender India Private Limited.
Yes. Ascender HCM was acquired by Ceridian in February 2021.
The legal entities of Ascender HCM currently have 2 directors, including Sumit Gaur, Manju Chawla.