Add-on Acquisition • Internet Software and Services

Ascender HCM Acquires Workcloud Co.

On February 15, 2017, Ascender HCM acquired internet software and services company Workcloud Co.

Acquisition Context

This is Ascender HCM’s 1st transaction in the Internet Software and Services sector.
This is Ascender HCM’s 1st transaction in Japan.

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M&A Deal Summary
Date	February 15, 2017
Target	Workcloud Co.
Sector	Internet Software and Services
Buyer(s)	Ascender HCM
Deal Type	Add-on Acquisition

Target Company

Workcloud Co.

Tokyo, Japan

Workcloud Co., Ltd. is a Payroll and Time & Attendance (T&A) services provider. Workcloud Co., Ltd. was established in 2014 and is headquartered in Tokyo, Japan.

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Buyer Overview 1

Buyer

Ascender HCM

Mascot, Australia

Category	Company
Founded	1976
Sector	Business Services

DESCRIPTION

Ascender HCM is a provider of payroll accounting and personnel management services for organizations. Ascender HCM was founded in 1976 and is based in Mascot, Australia.

Deal Context for Buyer	#
Overall	1 of 1
Sector: Internet Software and Services	1 of 1
Type: Add-on Acquisition	1 of 1
Country: Japan	1 of 1
Year: 2017	1 of 1

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