Notable HCM Industry Deals 2019 YTD
2019 – Outmatch [Trident Capital] acquires The Devine Group, Pomello, & WePow. "To further strengthen OutMatch as leader in predictive talent analytics.”
2019 - Engage2Excel Group of Companies, a portfolio company of Comvest Partners, acquired Rideau Inc, a Canada-based provider of employee recognition solutions.
2019 - PayScale acquired by Francisco Partners.
2019 – Ultimate Software acquired by private equity firm for $11B.
2019 - K1 invests over $200m in Jobvite. Jobvite acquires Talemetry, Rolepoint for $40m, and Canvas.
2019 – iSolved acquires Sage Payroll Solutions for 78m pounds based on 38m revenues and -$1m EBITDA. Sage is selling divisions that do not fit with its business cloud platform.
2019 – iSolved acquires UK payroll, Workforce Management Company.
2019 – ISolved acquires HK Payroll Services
2019 – PrismHR acquires AgileHR
2019 – Asure Software acquires Payroll Maxx.
2019 – Morneau Shepell acquires Mercer Health & Benefit Pension Plan Administration Business for $57m.
2019 – Certify acquires Chrome River Technologies expense reporting and invoice management in deal valued at more than $1B. Combined represents 11000 customers across 100 countires and integrates with SAP, Oracle, NetSuite, Sage Intacct, Microsoft Dynamics, PeopleSoft, JD Edwards and QuickBooks.
HCM Deal Commentary
- More than 30 acquisitions in 2019 mid-year to-date
- M&A consolidation strategies:
- Acquisition of TPAs by Holding Company HROs
- Acquisition of Payroll, Benefits & HR Consulting firms by Insurance & Staffing leaders
- Acquisition of certified HR technical and system implementation professionals
Sources
ERGO midyear 2019 HCM Industry Deals YTD
Advos by HRmarketer M&A Blog
CBInsights HR Tech Market research
The Global Human Resources M&A Report
