About Empower Software
Empower Software is a company based in Orlando (United States) founded in 2007 was acquired by Kronos in January 2016.. Empower Software has raised $100 million across 1 funding round from investors including Kronos and Lake Capital. Empower Software operates in a competitive market with competitors including Gusto, ADP, Paycor, Paychex and TriNet, among others.
- Headquarter Orlando, United States
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Sectors
Technology
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Phone
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Website
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Social
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Funding Insights of Empower Software
Empower Software has successfully raised a total of $100M through 1 strategic funding round. The most recent funding activity was a Private Equity Round round of $100 million completed in February 2011. 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 1
- Last Round Private Equity Round — $100.0M
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First Round
First Round
(01 Feb 2011)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Feb, 2011 | Amount | Private Equity Round - Empower Software | Valuation |
investors |
| 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 |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investors in Empower Software
Empower Software has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Kronos and Lake 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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Founded Year | Domain | Location | |
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HCM software solutions for enterprise workforce management are provided.
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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 Empower Software
| 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 |
Financial Statements - Empower Software
| 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 |
Empower Software Comparisons
Competitors of Empower Software
Empower Software 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, ADP, Paycor, Paychex and TriNet, 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 |
Cloud-based HR management solutions are offered for payroll and compliance.
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| domain | founded_year | HQ Location |
Cloud-based HRMS platform is provided for small and medium-sized businesses.
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| domain | founded_year | HQ Location |
Cloud-based HRMS solutions are delivered for payroll and employee management.
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| domain | founded_year | HQ Location |
Cloud-based HRMS platform is offered for small and medium businesses.
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| domain | founded_year | HQ Location |
Cloud-based HRMS platform is offered for small and medium-sized businesses.
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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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Frequently Asked Questions about Empower Software
When was Empower Software founded?
Empower Software was founded in 2007 and raised its 1st funding round 4 years after it was founded.
Where is Empower Software located?
Empower Software is headquartered in Orlando, United States. It is registered at Orlando, Florida, United States.
Is Empower Software a funded company?
Empower Software is a funded company, having raised a total of $100M across 1 funding round to date. The company's 1st funding round was a Private Equity Round of $100M, raised on Feb 01, 2011.
What does Empower Software do?
Empower Software Solutions provides integrated human resources suite with features for HRpayroll, tax filing and compliance outsourcing, workforce management, and time and attendance solutions. Clients includes small businesses to Fortune 500 companies, including retailers. Software can be implemented both in cloud-based or on-premise, via laptop or mobile device, etc.
Who are the top competitors of Empower Software?
Who are Empower Software's investors?
Empower Software has 2 investors. Key investors include Kronos, and Lake Capital.
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