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New Deal


Announced

Completed

iSolved completed the acquisition of Sage Group's payroll business for $100m.

Financials

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Transaction Value£78m
Consideration TypeCash, Contingent Deferred Consideration
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Completed

payroll software

Acquisition

United States

Software

Private

Private Equity

Single Bidder

Friendly

Majority

Synopsis

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iSolved, a portfolio company of Accel-KKR and a provider of human capital management solutions, acquired completed the acquisition of US payroll business of Sage Group, a British multinational enterprise software company based in Newcastle, for $100m. “iSolved HCM is very excited to be acquiring SPR. 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,” Dave Dawson, iSolved CEO.

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