HCM Industry M&A Deals YTD 2019
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
CBInsights HR Tech Market research
The Global Human Resources M&A Report
