Miracle Dynamics Limited
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Miracle Dynamics Limited - overview
Established
2004
Location
Manchester, -, UK
Primary Industry
Software
About
Miracle Dynamics Limited specializes in providing enterprise-level HR and payroll solutions, designed to integrate with Microsoft Dynamics 365 Business Central, enhancing operational efficiency for organizations. Founded in 2004 in Manchester, UK, Miracle Dynamics Limited offers integrated payroll and human resource management solutions. In November 2017, the company was acquired by Eque2 Ltd. , part of LDC's portfolio.
The firm has completed a total of 1 deal as of its last reported activity in 2017. Specific details on the founders or subsidiaries are not available. Miracle HR & Payroll delivers comprehensive enterprise solutions for payroll and HR management, specifically tailored to Microsoft Dynamics 365 Business Central. Key products include MiraclePay, a cloud-based payroll system recognized by HMRC, alongside a secure HR platform that centralizes employee management.
Serving over 1,000 organizations globally, these solutions encompass functionalities such as payroll processing and compliance auditing, with a focus on enhancing digital transformation across various sectors in the UK, Europe, and North America. Miracle HR & Payroll's revenue model is based on subscription services for its Software as a Service (SaaS) offerings, including MiraclePay and its HR solutions. Clients engage in B2B subscriptions that offer various service tiers. The company also generates revenue through managed payroll services billed based on payroll processing volume, alongside training courses for user proficiency, which are either priced separately or included in service packages.
Following its acquisition by Eque2 Ltd. in November 2017, Miracle Dynamics Limited is focusing on expanding its market reach and enhancing its product offerings. Plans include the development of new features for MiraclePay and the HR platform, although specific release dates have not been disclosed. The company aims to penetrate new regions in Europe and North America by 2025.
The recent acquisition is expected to bolster these initiatives, leveraging Eque2 Ltd. 's resources to accelerate growth and innovation.
Current Investors
Eque2 Limited
Primary Industry
Software
Sub Industries
HR & Workforce Software, Accounting/Finance Software
Website
www.miracle-dynamics.com
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Miracle Dynamics Limited - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Miracle Dynamics Limited | - |
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