Announced
Completed
Financials
Tags
Completed
United States
human resources services
human capital solutions
Majority
Merger
Domestic
Outsourced HR and Staffing
Acquisition
Private
Friendly
Single Bidder
Synopsis
Namely, a developer of a human capital management platform, completed the merger with Vensure Employer Services, a provider of comprehensive and cost-effective human resources services, and PrismHR, a developer of software for human resource outsourcing service providers. Financial terms were not disclosed. "Small and mid-sized businesses are the lifeblood of the US economy and culture—and we’re committed to providing them with even more cloud-based HCM solutions that help them compete with large companies. We do this by offering them the same high quality HR technology, healthcare plans, and outsourcing services including payroll, benefits and risk management that big companies enjoy. Namely’s significant technology investments and well-respected brand will enable us to provide employers and our PEO and ASO partners with even more functionality," Gary Noke, PrismHR President and CEO.
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