Worknet Inc.
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Worknet Inc. - overview
Established
1996
Location
Naperville, IL, US
Primary Industry
Business Support Services
About
Worknet Inc. specializes in workforce management solutions, providing advanced staffing and talent acquisition services to optimize organizational performance and employee engagement. Founded in 1996 and headquartered in Naperville, US, Worknet Inc. focuses on workforce management.
In June 2013, OnX Enterprise Solutions Ltd. , a portfolio company of Marlin Equity Partners, acquired Worknet Inc. Financial terms were not disclosed. The company has completed one deal as of June 11, 2013.
Worknet Inc. offers a suite of innovative products and services designed to enhance workforce management and connectivity. Their core offerings include advanced staffing solutions, talent acquisition tools, and workforce optimization software, all aimed at streamlining the hiring process and improving employee engagement. These solutions are tailored for a diverse clientele, including businesses in the retail, healthcare, and technology sectors, addressing challenges such as staff shortages, recruitment inefficiencies, and employee retention.
Worknet's products are deployed across various geographical markets, notably in North America and Europe, allowing them to serve a broad spectrum of end users from small to large enterprises. Since their inception, the company has consistently focused on evolving its offerings to meet the dynamic needs of modern businesses, ensuring they remain relevant in a competitive landscape. Worknet Inc. operates on a B2B transaction model, generating revenue primarily through subscription-based services and strategic partnerships with client organizations.
Clients typically engage in annual contracts, which encompass access to the full suite of Worknet's solutions, including their flagship staffing software. These contracts foster a predictable revenue stream as clients pay on a recurring basis for continuous access and updates to the services. Additionally, Worknet may offer tiered pricing plans that align with the specific needs and scale of their clients' operations, facilitating flexibility in how businesses can leverage their technological solutions. Through these structured relationships, Worknet ensures a steady flow of revenue while delivering consistent value to its partners and end users.
As of June 2013, following its acquisition, Worknet Inc. plans to leverage its resources to enhance its product offerings and expand into new geographical markets. The company is focused on developing new workforce management products to meet emerging market needs. Details on specific release dates and targeted markets for expansion are currently under strategic review to align with the latest industry trends.
Current Investors
OnX Enterprise Solutions Ltd.
Primary Industry
Business Support Services
Sub Industries
Data Centers
Website
www.worknetinc.com
Verticals
Cloud Computing
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Worknet 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 | Completed | Worknet Inc. | - |
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Worknet Inc. - employee data


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