M&A Deal Summary

Ascentis Acquires Integrated Time Systems

On April 2, 2019, Ascentis acquired internet software and services company Integrated Time Systems

Acquisition Highlights
  • This is Ascentis’ 3rd transaction in the Internet Software and Services sector.
  • This is Ascentis’ 4th transaction in the United States.
  • This is Ascentis’ 1st transaction in Wisconsin.

M&A Deal Summary

Date 2019-04-02
Target Integrated Time Systems
Sector Internet Software and Services
Buyer(s) Ascentis
Deal Type Add-on Acquisition

Target

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.

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Buyer(S) 1

Buyer

Ascentis

Eden Prairie, Minnesota, United States

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 4 of 4
Sector: Internet Software and Services M&A 3 of 3
Type: Add-on Acquisition M&A Deals 4 of 4
State: Wisconsin M&A 1 of 1
Country: United States M&A 4 of 4
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-11 Cincinnati Time Systems

Farmington Hills, Michigan, United States

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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