CHARLOTTE, N.C., Jan. 15, 2019 /PRNewswire/ -- iSolved HCM
announces that it has agreed to acquire Sage Payroll Solutions
("SPR"), the US-based payroll outsourcing business of The Sage
Group plc (LSE: SGE). SPR includes more than 44,000 small- to
midsized companies as customers through both direct sales and
licensees, which will extend the iSolved technology to more than
145,000 employers once the transaction has completed. The
acquisition accelerates iSolved's growth in the human capital
management industry, targeted toward the midmarket, and increases
its licensee and partner network as well.
"SPR has a long-standing reputation of providing small- and
medium-sized companies with superior payroll solutions," said
Rob Palumbo, managing director at
Accel-KKR. "We look forward to adding this business to the iSolved
portfolio, thus extending iSolved's market-leading
position."
iSolved HCM, headquartered in Charlotte, North Carolina, delivers a unified
human capital management platform both directly and through a
network of elite service bureau partners. Focused on the
mission-critical functions of payroll and HR, as well as
cutting-edge, people-centric solutions, the iSolved technology is a
robust, cloud-based solution that serves over 3.5 million
employees. iSolved HCM also announced the acquisition of AmCheck
last year, which provided regional offices in key cities including
San Diego, Phoenix, and Schaumburg, Illinois.
"iSolved HCM is very excited to be acquiring SPR," stated
Dave Dawson, CEO of iSolved HCM.
"SPR payroll customers and licensees will now have access to
cutting-edge HCM technology that includes employee engagement,
performance and collaboration, benefits enrollment, time and
attendance, as well as a payroll platform that is ideal for today's
employer. iSolved HCM has experienced phenomenal growth over the
last few years, and this acquisition dramatically expands the users
and businesses who trust iSolved for their workforce management
needs."
The transaction is expected to be complete within the next three
months, subject to customary completion conditions.
About iSolved
iSolved HCM is an industry-leading human capital management
technology company that brings together the key workforce functions
in one robust, easy-to-use platform, iSolved. iSolved, now with
Mojo, makes it easy for teams to build connections and unleash
innovation. The HCM platform manages all mission-critical
functions, including payroll, HR, time & attendance, and
benefits, delivered from a single application. Built-in tools and
features boost engagement, collaboration, and performance. It has
achieved rapid market share, with more than 3.5 million employees
and growing. iSolved is delivered through elite, regional payroll
providers who provide customers with the white-glove service they
demand. This unique approach gives employers access to a
cutting-edge HCM solution, while retaining the local service
relationship they prefer. For more information,
visit www.isolvedhcm.com.
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SOURCE iSolved HCM