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Announced

Completed

UKG completed the acquisition of Immedis from CluneTech for $620m.

Financials

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Transaction Value£488m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

Completed

payroll software

Cross Border

Majority

Software

Ireland

Acquisition

Single Bidder

Friendly

Synopsis

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UKG, a workforce management and human resource management services, completed the acquisition of Immedis, a payroll software developer, from CluneTech, a software technology company, for $620m. “The acquisition of Immedis and the introduction of UKG One View is transformative for the HCM industry, delivering unprecedented levels of visibility, flexibility, and accuracy to the multi-country payroll process. Having worked closely and strategically with Immedis for several years now, we’re thrilled to welcome the entire Immedis team into the UKG family," Chris Todd, UKG CEO.

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