Valuation
$108M
2021 Revenue
$36M
Customers
4.5K
Funding
$0
Avg ACV
$8K
Team
224
Founded
2003
How Netchex CEO Will Boudreaux grew Netchex to $36M revenue and 4.5K customers in 2021.
Developer of web based software providing human resource management services. The company provides a software-as-a-service human resource platform which specializes in payroll services, employee benefits, attendance and reporting.
Last updated
Netchex Revenue
In 2021, Netchex's revenue reached $36M. The company previously reported $28.8M in 2020. Since its launch in 2003, Netchex has shown consistent revenue growth.
| Year | Milestone |
|---|---|
| 2021 | Netchex Hit $36m revenue in April 2021 |
| 2020 | Netchex Hit $28.8m revenue in December 2020 |
| 2003 | Launched with $0 revenue |
Netchex Valuation, Funding Rounds
Netchex's most recent disclosed valuation is $108M.
Netchex is a bootstrapped HRMS & HCM Software startup. Founded in 2003, Netchex has grown to $36M in revenue without raising any venture capital or outside funding.
As a self-funded HRMS & HCM Software SaaS company, Netchex has built its business with no outside investment.
| Year | Round | Amount | Valuation | % Sold |
|---|
Netchex Employees & Team Size
Netchex employs approximately 224 people as of 2026.
Netchex has 224 total employees in different roles and functions and 5 sales reps that carry a quota. They have 4.5K customers that rely on the company's solutions.
| Year | Milestone |
|---|---|
| 2021 | Reached 224 employees (April 2021) |
Founder / CEO
Will Boudreaux
CEO an Co Founder since June 2003 to present. Founded by two executives in the payroll industry working for a publicly traded firm, Will Boudreaux and Stuart Ethridge decided to take on the giants and change the experience of payroll outsourcing. Embracing three tenets – web integration for technology, accountability for service, and value for price delivery, Netchex set out to tell its story and execute one relationship at a time.
Q&A
| Question | Answer |
|---|---|
| What's your age? | - |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
Customers
See how Netchex acquires and retains customers with data on acquisition costs and revenue performance. Log in to access the complete customer economics dashboard.
LockedFrequently Asked Questions about Netchex
What is Netchex's revenue?
Netchex generates $36M in revenue.
Who founded Netchex?
Netchex was founded by Will Boudreaux.
Who is the CEO of Netchex?
The CEO of Netchex is Will Boudreaux.
How much funding does Netchex have?
Netchex raised $0.
How many employees does Netchex have?
Netchex has 224 employees.
Where is Netchex headquarters?
Netchex is headquartered in United States.
People Also Viewed
Atlantech Online Inc
Atlantech Online was one of the early entrants into the Internet Service Provider industry.
SeamlessHR
End-to-end, modern cloud-based HR platform for emerging markets.
Branch
Branch is the leading workforce payments platform that delivers faster, more flexible options for people to get paid. To learn more about Branch, visit http://www.branchapp.com and follow us on Twitter, Facebook, and LinkedIn.
Nordhealth
Hello, we’re Nordhealth. We build products that redefine healthcare. We’re all problem solvers at heart and love to get our teeth into new challenges regardless of complexity. But we don’t just build our own software, we also acquire others. We’ve been doing this since 2001 and we’re now the leading healthcare software provider in the Nordics. Over 30 thousand healthcare professionals around the world use our software. This means that we affect over 20 million patients, a number that is growing daily. We’re immensely proud to make a change at this scale.
The Arena Group
The Arena Group Holdings, Inc (NYSE American: AREN) is a brand, data and IP company that builds, acquires and scales high-performing digital assets. We combine technology, storytelling and entrepreneurship to create deep content verticals that engage passionate audiences across sports & leisure, lifestyle and finance. Through our portfolio of owned and operated brands including Parade, TheStreet, Men’s Journal, Athlon Sports, ShopHQ and the Adventure Network (Surfer, Powder, Bike Magazine and more), we deliver trusted content and meaningful experiences to millions of users each month. Visit us at thearenagroup.net to learn more.
Majar - Matzaridis Bros
MAJAR is a One-Stop Shopping destination all over Greece and wider South East European markets providing integrated solutions with high-quality products from global leading manufacturers, competitive prices and comprehensive support services.
Compare Netchex to the industry
Netchex operates across multiple industries. Browse revenue, funding, and growth data for Netchex in each sector below.
Source Attribution
Source: all data was collected from GetLatka company research and founder interviews. Revenue, funding, team, and customer figures are presented as company-reported or GetLatka-estimated metrics where the profile data identifies them that way.
Company data last updated .