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  6. PrismHR Acquires Summit Software

M&A Deal Summary

PrismHR Acquires Summit Software

On February 1, 2016, PrismHR acquired software company Summit Software from Corporate Resource Services

Acquisition Highlights
  • This is PrismHR’s 1st transaction in the Software sector.
  • This is PrismHR’s 2nd transaction in the United States.
  • This is PrismHR’s 1st transaction in Arkansas.

M&A Deal Summary
Date 2016-02-01
Target Summit Software
Sector Software
Buyer(s) PrismHR
Sellers(s) Corporate Resource Services
Deal Type Divestiture

Target

Summit Software

North Little Rock, Arkansas, United States
Summit Software, Inc. is a provider of enterprise software applications for the PEO and staffing industries.

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Buyer(S) 1

Buyer

PrismHR

Hopkinton, Massachusetts, United States
Category Company
Founded 1985
Sector Software
DESCRIPTION

PrismHR provides software and services, empowering human resource outsourcing service providers such as Professional Employer Organizations (PEOs) and Administrative Service Organizations (ASOs) to deliver world-class HR, benefits, and payroll to small and medium-sized businesses. PrismHR was founded in 1985 and is based in Hopkinton, Massachusetts.

DEAL STATS #
Overall 2 of 4
Sector: Software M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Arkansas M&A 1 of 1
Country: United States M&A 2 of 4
Year: 2016 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-13 OpenNotus Solutions

Greenwood Village, Colorado, United States

OpenNotus is a developer of cloud-based human capital management solutions. OpenNotus develops highly configurable SaaS-based human capital management solutions that automate benefits enrollment, employee onboarding and benefits carrier file management for a seamless information flow to and from human resources information systems (HRIS).

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-02 AgileHR

Wichita, Kansas, United States

Agile Product Solutions is a provider of full-service Talent Management Software that includes Applicant Tracking, Employee Onboarding, Performance Management, Employee Management and a fully integrated Payroll and Time and Attendance solution. Agile Product Solutions was founded in 2010 and is based in Wichita, Kansas.

Buy -

Seller(S) 1

SELLER

Corporate Resource Services

New York, New York, United States
Category Company
Sector Staffing
Employees800
Revenue 819M USD (2014)
DESCRIPTION

Corporate Resource Services, Inc. is a national provider of temporary and permanent staffing services.

DEAL STATS #
Overall 2 of 2
Sector: Software M&A 1 of 1
Type: Divestiture M&A Deals 2 of 2
State: Arkansas M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2016 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-27 Corporate Resource Development

Atlanta, Georgia, United States

Corporate Resource Development, Inc. is a provider of staffing, solutions in US.

Sell -
Mergr

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