M&A Deal Summary

Ascentis Acquires Cincinnati Time Systems

On December 11, 2018, Ascentis acquired internet software and services company Cincinnati Time Systems

Acquisition Highlights
  • This is Ascentis’ 2nd transaction in the Internet Software and Services sector.
  • This is Ascentis’ 3rd transaction in the United States.
  • This is Ascentis’ 1st transaction in Michigan.

M&A Deal Summary
Date 2018-12-11
Target Cincinnati Time Systems
Sector Internet Software and Services
Buyer(s) Ascentis
Deal Type Add-on Acquisition

Target

Cincinnati Time Systems

Farmington Hills, Michigan, United States
website
Cincinnati Time Systems is a premier supplier of cloud-based time management and workplace security solutions. Cincinnati Time Systems was founded in 1896 and is based in Farmington Hills, Michigan.

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Buyer(S) 1

Buyer

Ascentis

Eden Prairie, Minnesota, United States

website

Category Company
Founded 1994
Sector Internet Software and Services
DESCRIPTION

Ascentis is a provider of cloud-based, software-as-a-service (SaaS) human capital management (HCM) solutions and integrated payroll services. Ascentis offers a comprehensive, end-to-end suite of human resources, benefits, payroll, timekeeping, and talent management products to more than 1,000 customers throughout the U.S. and Canada. The company’s SaaS-based solutions increase productivity by automating HR and payroll processes, reducing costs, providing meaningful insights into organizational trends, and empowering employees in all aspects of the HR and benefits process. Ascentis was founded in 1994 and is based in Eden Prairie, Minnesota.

DEAL STATS #
Overall 3 of 4
Sector (Internet Software and Services) 2 of 3
Type (Add-on Acquisition) 3 of 4
State (Michigan) 1 of 1
Country (United States) 3 of 4
Year (2018) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-11 NOVAtime Technology

Diamond Bar, California, United States

NOVAtime Technology, Inc. is a provider in integrating workforce management solutions with human resource and payroll systems. NOVAtime Technology, Inc. was founded in 1999 and is based in Diamond Bar, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-02 Integrated Time Systems

Milwaukee, Wisconsin, United States

Integrated Time Systems LLC is a time and attendance solutions company. Integrated Time Systems offers scalable time management solutions to assist organizations in achieving their workforce management goals. Integrated Time Systems LLC was founded in 1936 and is based in Milwaukee, Wisconsin.

Buy -
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