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Announced

Completed

UKG completed the acquisition of SpotCues from Pramati Software for $45m.

Financials

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Transaction Value£33m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

Acquisition

Domestic

Single Bidder

Majority

Completed

Friendly

United States

mobile communications

Online and Social Platforms

Synopsis

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UKG, a provider of human capital management, HR service delivery, and workforce management solutions, completed the acquisition of SpotCues, a mobile communications platform provider, from Pramati Software, a software company, for $45m. “Workforce management is a crucial experience platform for the frontline workforce. This makes employee communications a natural extension of the UKG Life-work Technology approach, as we help our customers build more adaptive, flexible, and resilient workforces. The addition of the Groupe.io product and its talented development team will help UKG continue to champion great experiences for all people, no matter who they are or where and how they work," Chris Todd, UKG President.

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