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
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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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
Employee Count
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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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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.
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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.
- Total Funding Total Funding
- Total Rounds 8
- Last Round Series D — $43.2M
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First Round
First Round
(22 Jan 2008)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2021 | Amount | Series D - WorkForce Software | Valuation |
investors |
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| Oct, 2019 | Amount | Series C - WorkForce Software | Valuation |
investors |
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| Jun, 2019 | Amount | Series C - WorkForce Software | Valuation | Insight Partners |
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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 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. 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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Investment firm scaling software and technology companies from early to late stages.
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Founded Year | Domain | Location | |
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Lower mid-market investments are targeted by the private equity firm.
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Founded Year | Domain | Location | |
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B2B enterprise SaaS investments are managed by K1 Investment Management.
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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 WorkForce Software
WorkForce Software has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Foko Retail and Workplace 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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Software solutions for store operations and workforce management
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2013 | ||||
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Employee scheduling software is developed for workforce optimization in businesses.
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1986 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
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.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - WorkForce 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 |
Workforce Software Comparisons
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. 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 Workforce Software
Frequently Asked Questions about WorkForce Software
When was WorkForce Software founded?
WorkForce Software was founded in 1999 and raised its 1st funding round 9 years after it was founded.
Where is WorkForce Software located?
WorkForce Software is headquartered in Livonia, United States. It is registered at Livonia, Michigan, United States.
Who is the current CEO of WorkForce Software?
Jeff Moses is the current CEO of WorkForce Software.
Is WorkForce Software a funded company?
WorkForce Software is a funded company, having raised a total of $188.35M across 8 funding rounds to date.
What does WorkForce Software do?
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.
Who are the top competitors of WorkForce Software?
What products or services does WorkForce Software offer?
WorkForce Software offers Time and Attendance, Absence Management, Scheduling, and Labor Forecasting.
How many acquisitions has WorkForce Software made?
WorkForce Software has made 2 acquisitions, including Foko Retail, and Workplace Systems.
Who are WorkForce Software's investors?
WorkForce Software has 5 investors. Key investors include ADP, Turmeric Capital, Insight Partners, K1 Investment Management, and ORIX USA.