About Ascentis
Ascentis is a company based in Eden Prairie (United States) founded in 1984 was acquired by UKG in March 2022. Ascentis has raised $10.27 million across 3 funding rounds from investors including UKG, Summit Partners and Catalyst Investors. Ascentis has completed 5 acquisitions, including Cincinnati Time, Cintime Systems and Integrated Time Systems. Ascentis operates in a competitive market with competitors including Legion, WorkJam, Harri, Work Market and Eden Workplace, among others.
- Headquarter Eden Prairie, United States
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Sectors
Technology
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Phone
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Website
Locked
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Social
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- Legal Name Ascentis Corporation
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$10.27 M (USD)
in 3 rounds
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Latest Funding Round
Not available
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Investors
UKG
& 2 more
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Employee Count
Not available
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Investments & Acquisitions
Cincinnati Time
& 4 more
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Acquired by
UKG
(Mar 09, 2022)
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People of Ascentis
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Software Development Team
199 people
Sales and Marketing
123 people
Leadership Team
114 people
Product Management Team
90 people
Lead Team
26 people
Senior Team
25 people
Human Resources and Administration
22 people
Finance and Accounting
21 people
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Funding Insights of Ascentis
Ascentis has successfully raised a total of $10.27M across 3 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Ascentis
Ascentis has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include UKG, Summit Partners and Catalyst Investors.
| Investor | Description | Founded Year | Domain | Location |
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Summit Partners is recognized as a growth equity investment firm.
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Growth equity venture capital firm
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Provider of HR and payroll & workforce management solutions
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Locked | Locked | Locked |
Investor details for Ascentis
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Investments & Acquisitions by Ascentis
Ascentis has strategically engaged in corporate development activities, having acquired 5 companies. Notable acquisitions include Cincinnati Time, Cintime Systems and Integrated Time Systems.
Investment portfolio details for Ascentis
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Provides an online HRMS suite tailored for enterprises.
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Locked | Locked | 2011 | Locked | |
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Workforce management and time attendance solutions are provided.
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Locked | Locked | 1999 | Locked | |
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Timekeeping and attendance systems are provided by Cincinnati Time Systems.
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Locked | Locked | 1995 | Locked |
Complete acquisition details for Ascentis
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- Transaction dates
- Acquired stakes
- Disclosed values
- Domains and locations
Verified entity values are shown only after access is granted.
Financial Statements - Ascentis
Detailed financials for Ascentis
Historical revenue, profit, statement rows, ratios, and trend charts require an active premium plan.
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- Profit trends
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Ascentis Comparisons
Peer comparison for Ascentis
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Competitors of Ascentis
Ascentis 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 Legion, WorkJam, Harri, Work Market and Eden Workplace, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Workforce management solutions are provided through intelligent automation technology.
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Hourly workforce schedules and communications are managed via software.
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Recruitment and workforce management are offered for hospitality.
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Freelance management, payments, and reporting are facilitated by AI software.
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SaaS-based workplace management software for offices is delivered.
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Cloud-based HCM software is provided for enterprise HR processes.
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Detailed competitors of Ascentis
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
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- Full company profiles
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Verified entity values are shown only after access is granted.
Latest news on Ascentis
Complete news archive for Ascentis
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Frequently Asked Questions about Ascentis
Ascentis was founded in 1984 and raised its 1st funding round 28 years after it was founded.
Ascentis is headquartered in Eden Prairie, United States. It is registered at Eden Prairie, Minnesota, United States.
Chris Todd is the current CEO of Ascentis.
Ascentis is a funded company, having raised a total of $10.27M across 3 funding rounds to date.
Workforce management and HR software. Its offerings Human Resources Management Software (HRISHRMS). It is integrated with Ascentis Payroll. Ascentis Payroll (formerly EBS On Lines InstaPay) is an on-demand (SaaS) payroll software system to process payroll. Talent management solutions, Performance Management and Time and Attendance provide the tools that assist companies in managing labour costs, employee scheduling, resource utilization and more. Ascentis Recruiting is a full-featured applicant tracking and recruiting software system. Ascentis Employee Self-Service (ESS), employees can enrol in benefits online, answer their own questions regarding dependents, leave amounts, paystub information, and more. ESS provides employees access to a wealth of information.
Ascentis has made 5 acquisitions, including Cincinnati Time, Cintime Systems, and Integrated Time Systems.
Ascentis has 3 investors. Key investors include UKG, Summit Partners, and Catalyst Investors.