Allocate Software
Workforce optimisation software applications provider.
| Date | Investors | Amount | Round |
|---|---|---|---|
| N/A | €0.0 | round | |
| N/A | €0.0 | round | |
| investor | €0.0 Valuation: €0.0 2.7x EV/Revenue 24.3x EV/EBITDA | round | |
| investor | €0.0 | round | |
N/A | Acquisition | ||
| Total Funding | 000k | ||
| GBP | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | 20 % | (13 %) | 13 % | 21 % | 7 % | 20 % | 21 % |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % EBITDA margin | 23 % | 17 % | 15 % | (30 %) | 19 % | - | - |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % profit margin | 17 % | 20 % | 6 % | (40 %) | 9 % | 20 % | 34 % |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Company filings or news article
Allocate Software, now a part of RLDatix, has established a significant presence in the healthcare workforce management sector since its inception in 1991. The company was founded by Dr. Sasanarak "Sass"oon Meinie, who brought his experience as a former general practitioner to address the complex staffing challenges within healthcare environments. This foundation in direct medical experience shaped the company's focus on creating solutions specifically for the intricate demands of healthcare organizations.
The firm's core business revolves around providing specialized software designed to manage the healthcare workforce. This includes tools for rostering, staff scheduling, and ensuring safe staffing levels, which are critical for patient safety and operational efficiency in hospitals and other care facilities. Its client base is extensive, encompassing over 800 public and private sector organizations globally, with a particularly strong foothold in the UK's National Health Service (NHS), where it serves every NHS Trust. The business model is centered on software-as-a-service (SaaS) subscriptions, generating recurring revenue from its large and established customer base.
Allocate Software's product suite is designed to offer a comprehensive solution for workforce deployment. A key offering is HealthRoster, a widely used e-rostering application that helps healthcare managers plan and view staff shifts. This is complemented by services like HealthMedics for managing doctors' schedules and LocumOnDuty for engaging temporary medical staff. These products aim to provide visibility and control over staffing, reduce reliance on expensive agency workers, and improve the work-life balance for healthcare professionals by offering flexible working options. A significant milestone in the company's history was its acquisition by Vista Equity Partners in 2018 for approximately £500 million, followed by its merger with RLDatix in 2020. This strategic combination created a major player in healthcare governance, risk, and compliance (GRC), with an expanded mission to connect workforce management directly with patient safety.
Keywords: healthcare workforce management, staff scheduling, e-rostering, patient safety, healthcare software, NHS, medical staffing, clinical software, risk management, compliance
