NuView Company Viability Review
NuView is a privately-held company and as such, chooses not to disclose revenues or financial performance metrics. This report therefore relies on third party sources, estimates obtained from interviews and comparison points with other payroll and HR software vendors.
NuView’s position as a leader in the best-of-breed HRMS market has continued with significant (in the region of 20% or more) growth in 2011. Likewise, investors, industry commentators and analysts continue to take notice of the company. NuView was ranked at 901 on the Inc. 5000 list of the fastest growing companies in 2009 (reflecting a three-year sales growth of 335.2%) and at 417 on Software Magazine's list of the world's largest software/service providers. Human Resource Executive magazine placed NuViewHR in its "Top 10 HR Software Products of the Year" list and the company was featured in the "Hot HRMS List" from Workforce magazine. As if this weren’t enough, NuView was among the few to be honored with a "Human Resource Technology Excellence Award for Innovative & Creative Development of HR Technology Solutions". Further evidence of confidence from key industry insiders is the fact that the company received capital funding (to the tune of $5M) in 2009 from Petra Capital Partners. It would appear that even if NuView’s public profile remains low, the company is known and respected within the industry.
Of course, given the way the HR Software space operates, the potential downside to the success and accolades described above is that the company becomes a potential target for acquisition. It is certainly possible that highly successful talent management vendors such as Halogen, Taleo, and similar firms may find core HR software providers such as NuView an attractive prospect to round out their solutions and make a bid for dominance in the wider end-to-end HR solution market.
Ignoring future ownership for the time being, NuViewHR is making a splash in the small to midsize business (SMB) market, driving revenues upwards of $11.3M in 2009 (the most recent year for which public financial information is available). With the considerable growth that NuView has seen, the current figure is likely to be significantly higher; especially if the January 2012 opening of a new European headquarters in London is any indicator of the company’s fortunes. NuView may just be about to shed its “boutique” image.
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