isolved recently held its annual isolved Connect client event in sunny Palm Desert, California. A city with an always sunny reputation, a very fitting backdrop for the HR technology event for a brand recognized by its bright pink branding and outlook on the future of human capital management.
Over 800 client and partner attendees converged on the desert paradise to network, learn, and engage around the future of work and HR, hoping to move their organizations from good to great with the help of their flagship HCM investment in the isolved People Cloud.
isolved once again had a stellar growth story to share with analysts; now hovering around $500M in total revenues in FY’23 with a 26% CAGR performance since 2012 and steaming towards its goal of $1B in revenue. A goal that seems more likely to occur sooner than later if isolved executes its range of strategic growth plans.
The isolved People Cloud Platform now supports more than 168K unique small and midsized organizations, with more than 6M users across the United States, with adoption rapidly growing through direct and indirect sales channels. isolved’s business model has historically been prolific at fueling its aggressive growth through white-labeling its technology to regional HR and payroll service providers (“partners”) as a service-enabling technology in their businesses.
isolved is also seeing a sizable uptick in HR services adoption in concert with its technology, citing services as a top growth area for its business. HR, payroll, and benefits in the modern workplace are complicated and are only getting more complex as compliance requirements intensify. isolved’s platform-based solution of services and technology under one brand is meeting this demand and helping the organization ease the burden of compliance while driving a differentiated employee experience.
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