HR Admin services pops up as one of the largest current and potential SaaS sectors. Comments on ADP/Employease – but when you look at one of the key definitional terms – multiple clients running on a single instance of the software – the provider list is pretty short. RealLife HR is one of them
Human resources/payroll: The acquisition this summer of Employease by ADP really put the spotlight on this often neglected SaaS sector. There are a huge number of players offering a variety of HR-related software services. Taleo reported trailing twelve months revenue of $87 million in its most recent quarter, Workstream $28 million. Successfactors is privately held but has 1.8 million users and a significant revenue stream. Then there’s Employease itself, which I estimate in the $60-100 million range, without counting the SaaS element of ADP’s existing offerings or its rival Paychex. This is easily the next biggest SaaS sector, if not the biggest.