OnShift, Inc.
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OnShift, Inc. - overview
Established
2008
Location
Cleveland, OH, US
Primary Industry
Software
About
OnShift, Inc. is a technology company that develops innovative workforce management software specifically tailored for the senior care sector, enhancing operational efficiency and employee engagement across healthcare organizations. Founded in 2008 in Cleveland, US, OnShift, Inc. specializes in software solutions for the senior care industry.
The company has undergone significant developments and was recently acquired by ShiftKey, LLC on June 22, 2022, enhancing its market position. The founder, Fayiz Vajuhudeen, has a background in developing technology solutions aimed at improving workforce management. The company has raised a total of USD 18. 08 mn across multiple funding rounds, with its latest round being an amount of USD 18.
08 mn. OnShift specializes in workforce management software specifically designed for the senior care sector. Its offerings include a talent acquisition platform for streamlining hiring, workforce management tools for labor scheduling and communication, along with payroll and HRIS solutions that cover benefits administration and early wage access. The software aims to assist healthcare providers in reducing turnover rates and improving care quality, serving thousands of clients across the United States and Canada.
OnShift operates on a subscription-based model, allowing healthcare organizations access to its specialized software solutions. Clients typically enter into annual agreements, providing ongoing access to talent acquisition, workforce management, and payroll tools. This structure promotes steady revenue generation and long-term client relationships, adaptable to the needs of facilities ranging from small providers to large healthcare networks. Following its acquisition by ShiftKey, LLC, OnShift plans to leverage new resources to enhance its product offerings and expand into additional markets.
The acquisition is expected to facilitate cross-selling opportunities and deliver innovative products to a broader customer base. OnShift is poised to utilize the funding received in its latest deal to enhance its software solutions and explore growth in emerging geographic regions, thus improving its service offerings in the senior care sector.
Current Investors
Magarac Venture Partners, Fifth Third Bank, HLM Venture Partners
Primary Industry
Software
Sub Industries
Healthcare, Healthcare IT, Application Integration Software, HR & Workforce Software, Systems Management Software
Website
www.onshift.com
Verticals
Cloud Computing, Mobile Apps
Total Amount Raised
Subscriber access only
OnShift, Inc. - 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, Trade Sale | Completed | OnShift, Inc. | - |
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