Salary.com to acquire Genesys Software Systems

 

Salary.com, Inc., a provider of on-demand compensation and talent management solutions, is acquiring Genesys Software Systems, Inc., a provider of on-demand human resource management systems, benefits and payroll services. Genesys is well respected for its proven, true multi-tenant payroll technology; their payroll, tax, benefits and HRMS services are sold primarily as software-as-a-service technology and support a diverse set of industries including government and hospital systems throughout the United States and Canada In addition, they spent the last several years developing a new .Net 2.0 version of their comprehensive web-based HRMS system which Salary.com will be bringing to market. The Genesys services offering scales to address the needs of companies of all sizes and requirements, including those in industries with complex needs such as government and healthcare. The combined offerings of Salary.com’s compensation management, strategic talent management and competency products, when merged with the new Genesys core HCM services capability, should make the integrated company one of the leading players in the emerging new world of integrated strategic and transactional talent management.

 

Announcement Date: December 9, 2008
Deal Value: Undisclosed

 

PlanSource acquires Instant Benefits Network

 

PlanSource, a web-based HR and benefits administration company serving the needs of brokers and benefits professionals, has acquired Instant Benefits Network, a provider of web-based products and services designed to meet the technology needs of benefits brokers serving the small and medium-sized business market. As a result of the acquisition, PlanSource is now the only company in the U.S. that can effectively manage a broker’s entire book of business with a single solution. The acquisition is expected to increase sales and revenue opportunities through an expanded product portfolio, a broader geographic presence and a large customer base of benefits brokers who continually seek innovative solutions to enhance their value proposition. This merger nearly doubles the company’s broker network.

 

Announcement Date: December 3, 2008
Deal Value: Undisclosed

 

Talent2 acquires The Learning Group

 

Talent2 International Ltd (Australia) has expanded its HR outsourcing offerings with the acquisition of The Learning Group Pty Ltd, a specialist e-learning development and learning services company. The acquisition will be funded 50% cash and 50% equity and is EPS accretive. The Learning Group employs 35 people, operates throughout Australia and currently generates annual revenues of $5 million. The acquisition will enable Talent2 to deliver a broader range of learning services to existing and new clients.

 

Announcement Date: November 17, 2008
Deal Value: Undisclosed

 

Exact acquires Orisoft Technology

 

Netherlands-based Exact Group BV acquired Orisoft Technology Bhd, a software developer of HR payroll and time management solutions. The deal marks the start of the acquisition trail in the Asia-Pacific region, where it seeks to expand its business by entering new markets during the global economic slowdown. Exact believes now is the best time to buy as there are big opportunities.

 

Announcement Date: November 13, 2008
Deal Value: $4 Million

 

Batrus Hollweg acquires Clickable Software
 

Batrus Hollweg International, a human capital consulting firm specializing in High Definition Assessment Science, has purchased software company Clickable Software, and is now able to offer clients a complete SaaS Talent Management Solution. BHI's product and service offerings will include Clickable Software's applicant tracking system called "Click And Hire." Click And Hire provides a web-based hiring system which quickly and easily takes candidate job applications online, pre-screens these candidates, assesses their fit for the position, and routes their information for tax credits, background checks, and other HR administration needs. The Click And Hire applicant tracking system is an excellent fit with BHI's new High Definition Assessment Science approach. These two solutions offer clients total customization of their hiring and talent management process.

 

Announcement Date: October 30, 2008
Deal Value: Undisclosed

 

eLandia acquiring CTT Corp.

 

eLandia, a technology enabler of emerging markets, is acquiring CTT Corp., a provider of talent development and technical certifications for industry leaders, including Cisco, Microsoft and Google, throughout Latin America. eLandia has committed additional funds following the closing of the transaction to expand CTT’s footprint both organically and through acquisitions into additional locations in Latin America in order to capture the growing demand for Education Services throughout the region. This acquisition is a key part of eLandia’s strategic plan to provide differentiated technology solutions that enable emerging market transformation. With the addition of CTT’s educational services, eLandia will fulfill a central piece of its strategy to offer Information and Communications Technology services, and talent development services to partners, channels and end users.
 

Announcement Date: October 17, 2008
Deal Value: Undisclosed

New Frontier Holding acquires majority interest in Cogent Ltd.

 

New Frontier Holding GmbH (Austria) to acquire majority interest participation in Cogent (Slovakia). Cogent, s.r.o. is Slovak limited company, established in 1994, with the headquarter in Bratislava, Slovakia with an additional subsidiary in Kosice, Slovakia and foreign branches in Budapest, Hungary and Prague, Czech republic. Cogent is a provider of Performance and HR Management solutions in the CEE region. Main areas of work are represented by Performance Management Solutions, Business Intelligence, Enterprise Planning, Strategic Management and Scorecarding. This is the third acquisition of the New Frontier Group after the acquisitions of Profinit in Czech Republic and Romsys in Romania in 2007. This critical economic and business expansion requires strong competence in area of Performance and Human Resource Management. This is what Cogent is bringing to New Frontier Group.

 

Announcement Date: October 16, 2008
Deal Value: Undisclosed