About WorkForce Software
WorkForce Software is a company based in Livonia (United States) founded in 1999 by Michael Knister was acquired by ADP in October 2024. WorkForce Software has raised $188.35 million across 8 funding rounds from investors including ADP, Turmeric Capital and Insight Partners. WorkForce Software has completed 2 acquisitions, including Foko Retail and Workplace Systems. WorkForce Software offers products and services including Time and Attendance, Absence Management, Scheduling, and Labor Forecasting. WorkForce Software operates in a competitive market with competitors including Legion, WorkJam, Harri, Work Market and Eden Workplace, among others.
- Headquarter Livonia, United States
- Founders Michael Knister
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Sectors
Technology
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Phone
Locked
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Website
Locked
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Social
Locked
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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
$188.35 M (USD)
in 8 rounds
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Latest Funding Round
$43.17 M (USD), Series D
Mar 03, 2021
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Investors
ADP
& 4 more
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Employee Count
Not available
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Investments & Acquisitions
Foko Retail
& 1 more
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Acquired by
ADP
(Oct 15, 2024)
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Products & Services of WorkForce Software
WorkForce Software offers a comprehensive portfolio of products and services, including Time and Attendance, Absence Management, Scheduling, and Labor Forecasting.
Manages employee time tracking and payroll accuracy.
Handles employee leaves and compliance tracking.
Optimizes work schedules and labor forecasting.
Predicts staffing needs and cost management.
People of WorkForce Software
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Funding Insights of WorkForce Software
WorkForce Software has successfully raised a total of $188.35M across 8 strategic funding rounds. The most recent funding activity was a Series D round of $43.17 million completed in March 2021. 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 WorkForce Software
WorkForce Software has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include ADP, Turmeric Capital and Insight Partners.
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Investment firm scaling software and technology companies from early to late stages.
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Lower mid-market investments are targeted by the private equity firm.
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B2B enterprise SaaS investments are managed by K1 Investment Management.
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Investor details for WorkForce Software
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- Investor locations
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Verified entity values are shown only after access is granted.
Investments & Acquisitions by WorkForce Software
WorkForce Software has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Foko Retail and Workplace Systems.
Investment portfolio details for WorkForce Software
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- Portfolio identities
- Transaction dates
- Round details
- Investment values
Verified entity values are shown only after access is granted.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Software solutions for store operations and workforce management
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Employee scheduling software is developed for workforce optimization in businesses.
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Complete acquisition details for WorkForce Software
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- Acquired stakes
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- Domains and locations
Verified entity values are shown only after access is granted.
Financial Statements - WorkForce Software
Detailed financials for WorkForce Software
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- Profit trends
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Workforce Software Comparisons
Peer comparison for WorkForce Software
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- Headcount comparison
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Competitors of WorkForce Software
WorkForce 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 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 WorkForce Software
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- Domains and locations
- Full company profiles
- Operating metrics
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Verified entity values are shown only after access is granted.
Latest news on Workforce Software
Complete news archive for WorkForce Software
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- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
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Frequently Asked Questions about WorkForce Software
WorkForce Software was founded in 1999 and raised its 1st funding round 9 years after it was founded.
WorkForce Software is headquartered in Livonia, United States. It is registered at Livonia, Michigan, United States.
Jeff Moses is the current CEO of WorkForce Software.
WorkForce Software is a funded company, having raised a total of $188.35M across 8 funding rounds to date.
Provider of suite solutions for contingent workforce management. It offers tools for task management, leave management, scheduling, analytics and more. It also offers tools for predictive analytics and reporting.
WorkForce Software offers Time and Attendance, Absence Management, Scheduling, and Labor Forecasting.
WorkForce Software has made 2 acquisitions, including Foko Retail, and Workplace Systems.
WorkForce Software has 5 investors. Key investors include ADP, Turmeric Capital, Insight Partners, K1 Investment Management, and ORIX USA.