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
*********
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Social
*********
- Legal Name Ascentis Corporation
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$10.27 M (USD)
in 3 rounds
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Latest Funding Round
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Investors
UKG
& 2 more
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Employee Count
Employee Count
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Investments & Acquisitions
Cincinnati Time
& 4 more
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Acquired by
UKG
(Mar 09, 2022)
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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.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Last Round
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First Round
First Round
(09 Oct 2012)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2017 | Amount | Series C - Ascentis | Valuation |
investors |
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| Dec, 2014 | Amount | Series C - Ascentis | Valuation | Catalyst Investors |
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| Oct, 2012 | Amount | Series B - Ascentis | Valuation |
investors |
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| 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 |
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. 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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Summit Partners is recognized as a growth equity investment firm.
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Founded Year | Domain | Location | |
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Growth equity venture capital firm
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Founded Year | Domain | Location | |
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Provider of HR and payroll & workforce management solutions
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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 Ascentis
Ascentis has strategically engaged in corporate development activities, having acquired 5 companies. Notable acquisitions include Cincinnati Time, Cintime Systems and Integrated Time Systems. 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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Provides an online HRMS suite tailored for enterprises.
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2011 | ||||
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Workforce management and time attendance solutions are provided.
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1999 | ||||
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Timekeeping and attendance systems are provided by Cincinnati Time Systems.
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1995 |
| 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.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Ascentis
| 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 |
Ascentis Comparisons
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. 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 |
Workforce management solutions are provided through intelligent automation technology.
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| domain | founded_year | HQ Location |
Hourly workforce schedules and communications are managed via software.
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| domain | founded_year | HQ Location |
Recruitment and workforce management are offered for hospitality.
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| domain | founded_year | HQ Location |
Freelance management, payments, and reporting are facilitated by AI software.
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| domain | founded_year | HQ Location |
SaaS-based workplace management software for offices is delivered.
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| domain | founded_year | HQ Location |
Cloud-based HCM software is provided for enterprise HR processes.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Ascentis
Frequently Asked Questions about Ascentis
When was Ascentis founded?
Ascentis was founded in 1984 and raised its 1st funding round 28 years after it was founded.
Where is Ascentis located?
Ascentis is headquartered in Eden Prairie, United States. It is registered at Eden Prairie, Minnesota, United States.
Who is the current CEO of Ascentis?
Chris Todd is the current CEO of Ascentis.
Is Ascentis a funded company?
Ascentis is a funded company, having raised a total of $10.27M across 3 funding rounds to date. The company's 1st funding round was a Series B of $3.27M, raised on Oct 09, 2012.
What does Ascentis do?
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.
Who are the top competitors of Ascentis?
How many acquisitions has Ascentis made?
Ascentis has made 5 acquisitions, including Cincinnati Time, Cintime Systems, and Integrated Time Systems.
Who are Ascentis's investors?
Ascentis has 3 investors. Key investors include UKG, Summit Partners, and Catalyst Investors.
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