Sprout Solutions sees increase in revenue recognized as 2023 Philippine Growth Champion
The leading homegrown B2B SaaS company and HR tech leader in the country gained rankings at the 2023 Philippine Growth Champions List by Statista and the G2 2023 Best Software Awards
MANILA, Philippines — Sprout Solutions, the country’s leading homegrown B2B SaaS company and HR tech provider, has again landed a spot on this year’s Philippine Growth Champions List. Guided by its north star to impact the lives of every Filipino by improving business in the Philippines, Sprout demonstrated its excellence and commitment to serving Philippine-based employers and employees through its end-to-end cloud HR platform.
The Growth Champions List awards independent companies that were able to thrive and drive up their business revenues from 2018 to 2021. This list is spearheaded by Statista, an international market research firm and the leading provider of market and consumer data, and Philippine Daily Inquirer, one of the country’s most credible and influential newspapers, with more than one million nationwide readers daily. This year, Sprout ranked in the Top 10 from 25 awarded companies out of 2,000 candidates and received the Top 5 spot out of nine others under the IT & Software category. This award can be attributed to Sprout successfully growing its total revenue from PHP 39.3 M back in 2017 to PHP 194.7 M in 2020 — a 394.77% increase in the span of three years. This award follows the company’s seventh ranking in the 2022 Philippine Growth Champions list.
“We are deeply humbled by the trust our clients have placed in us over the years. The 2023 Growth Champion award is a testament to this, as well as a challenge for us to innovate and provide the most relevant HR and business technology solutions that help companies offer better employee experiences and improve the way they do business,” according to Patrick Gentry, CEO and Co-founder of Sprout Solutions.
G2’s 2023 Best Software Awards
The recent recognition of Sprout as a Growth Champion in the Philippines is supported by the G2 2023 Best Software Awards. Sprout Solutions earned a spot in the Top 50 HR Products category as they continuously push the boundaries for HR technology through their ecosystem of solutions. The award recognized software companies or products with at least 50 approved and published reviews during the 2022 calendar year. Around 100 companies are ranked based on a combination of Satisfaction and Market Presence scores for each vendor, and the top 100 products are ranked based on reviews across all categories they are a part of.
G2 is known to be the largest and most-trusted worldwide tech marketplace that assists business leaders to discover and review different software solutions. The G2 Reports feature products used by satisfied customers which includes an in-depth analysis of usability, implementation, relationship, and results.
With the goal of driving digital transformation in the Filipino workforce, Sprout has grown from a startup company founded in 2015 by Patrick and Alex Gentry. Since then, over 1,000 businesses have had access to an integrated HR system that aids their HR needs, from recruitment to employee performance management, engagement, and benefits. Sprout offers a tailor-made, end-to-end HR platform that caters to industries such as logistics, BPO, retail, entertainment, information technology, financial services, real estate, and healthcare.
Furthermore, Sprout pushes its efforts to empower more homegrown B2B SaaS startups to kickstart their businesses through the ongoing Impact ‘23 Challenge by providing them with mentorship and funding opportunities. Led by Sprout Solutions and Kaya Founders, the program aims to accelerate the next wave of digital transformation in the country to provide better opportunities and more advanced experiences to the Filipino workforce. Sprout and Kaya are also organizing SaaScon PH, which promises to be this year’s biggest SaaS event, bringing together startup founders, investors, and local business decision-makers on March 28, 2023, at the Manila Marriott Grand Ballroom.
“We are fortunate to have been able to grow our company over the past eight years as we continue to realize our goal of helping more businesses in the country to do the same. We will continue to do the work so that our HR services may aid more businesses and help them adopt a more digitized platform for better company and employee experience,” shares Gentry.
For more information on how Sprout Solutions helps businesses of all sizes transform how they recruit, onboard, manage, engage, and retain their workforce, visit www.sprout.ph.