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SUBJECT
AUTHOR
POSTED DATE
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Even if I take it at face value that XtremeIO and Pure cannot match VMEM because of their dependance on commodity SSDs (and I have a little trouble believing that the investors in Pure are
... Read more
<p>Even if I take it at face value that XtremeIO and Pure cannot match VMEM because of their dependance on commodity SSDs (and I have a little trouble believing that the investors in Pure are that dumb although in today's environment it's possible) what do you make of all the other competition- SolidFire, Skyerra, Camanario that from what I understand have very highly rated pure flash arrays. Since EMC bought Extreme IO, IBM bought TMS, NetApp is making their own FlashRay product, Cisco bought Whiptail I am a little worried there are more flash array startups for sale than there are buyers.</p>
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another big source of competition for PAYX is from companies that traditionally do HR/benefits work like BBSI, TNET, etc. this is a fragmented industry but they are all adding payroll. Many actually give away payroll
... Read more
<div>another big source of competition for PAYX is from companies that traditionally do HR/benefits work like BBSI, TNET, etc. this is a fragmented industry but they are all adding payroll. Many actually give away payroll for free to get the more lucrative HR/benefits business. My own firm actually switched from PAYX to Ambrose (bought by TNET). Our CFO said that consolidating all payrol/HR services with Ambrose was a no-brainer decision. Bulls will argue that PAYX and ADP getting into HR/benefits is a positive. I think it is a defensive move because payroll is just becoming a feature of other products/services whether it is for Quickbooks (INTU), HR software (WDAY, ULTI), or HR/benefit services (TNET, BBSI, etc). if you ask PAYX or ADP which is the stickier product - payroll or HR, they will readily admit it is HR. That tells me that the HR/benefits players will be the winners. it is just a matter of time until the 3% payroll revenue PAYX has been posting growth goes negative and when that happens, there will likely be a fair amount of negative operating leverage and multiple contraction. remember, all the HR/benefits revenue is sold into the payroll installed base. </div>
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