Ascentis Corporation
Latest round
- Series C
Last raised
- Jul 2015
Total raised
- $7M
Investors
- 1
About Ascentis Corporation
Founded in 1984, Ascentis Corporation is based in Eden Prairie, US, and provides human capital management solutions., supported by notable investment firms, thereby enhancing UKG's industry expertise. The company's founder, Dwight Matheny, has a history of leadership in various organizations.Ascentis, now a part of UKG, offers comprehensive human capital management (HCM) solutions designed to enhance workforce management and employee engagement across diverse industries. Their core product, UKG Pro, utilizes artificial intelligence to streamline and automate HR and payroll tasks, enabling organizations to focus on employee development and customer interaction. The platform is particularly effective in optimizing administrative efficiency, as evidenced by clients like Eventide Senior Living Communities, which reported a 99% reduction in reporting time. Ascentis serves over 80,000 organizations globally, spanning various sectors including retail, healthcare, and hospitality, and provides tailored solutions to meet the unique needs of each client.Ascentis generates revenue through subscription-based pricing structures for its HCM solutions, primarily targeting mid-sized to large enterprises. Clients engage with the firm on a contractual basis, typically involving annual subscriptions for access to the UKG Pro suite and related services. The revenue model includes tiered pricing based on the number of employees or the specific features utilized within the platform, allowing businesses to select plans that align with their operational requirements. In addition to subscriptions, Ascentis may also offer bespoke consulting services to assist organizations with implementation and optimization of their workforce management solutions.The acquisition of Ascentis by UKG Inc. on March 9, 2022, is expected to bolster UKG's market presence by incorporating seasoned industry professionals. Future growth strategies may include the development of new products within the HCM space, although specific release dates are not detailed.
Who invested in Ascentis Corporation
1 investor across 1 round
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Funding rounds
Series C
Jul 22, 2015
Amount
$7M
Investors
Questions about Ascentis Corporation
Who invested in Ascentis Corporation?
Ascentis Corporation has 1 investor on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Ascentis Corporation raised?
Ascentis Corporation has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Ascentis Corporation last raise money?
Ascentis Corporation's most recent round on record is a Series C, in Jul 2015.
What does Ascentis Corporation do?
Founded in 1984, Ascentis Corporation is based in Eden Prairie, US, and provides human capital management solutions.
Where is Ascentis Corporation headquartered?
Ascentis Corporation is headquartered in Eden Prairie, US.
Which VCs invest in companies like Ascentis Corporation?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back software companies at Ascentis Corporation's stage. Their profiles are linked below.
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