M&A Deal Summary

UKG Acquires Interboro

On February 28, 2022, UKG acquired software company Interboro

Acquisition Highlights
  • This is UKG’s 13th transaction in the Software sector.
  • This is UKG’s 1st transaction in Puerto Rico.

M&A Deal Summary
Date 2022-02-28
Target Interboro
Sector Software
Buyer(s) UKG
Deal Type Add-on Acquisition
Advisor(s) CoView Capital, Inc. (Financial)

Target

Interboro

San Juan, Puerto Rico
Interboro offers solutions and services to optimize the administration of human resources. The company offers consulting services and support for: the management of time and attendance, payroll processing, and every aspect of the administration of Human Resources. Interboro was formed in 1934 and is based in San Juan, Puerto Rico.

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Buyer(S) 1

Buyer

UKG

Lowell, Massachusetts, United States
Category Company
Founded 1977
Sector Internet Software and Services
DESCRIPTION

UKG is a provider of cloud-based workforce management solutions. Company solutions, which include time and labor, scheduling, talent management, human resources, payroll, absence management, labor activity tracking, data collection, self-service and workforce analytics are designed for a wide range of businesses and organizations from single-site to large multi-site enterprises. UKG was founded in 1977 and is based in Lowell, Massachusetts.

DEAL STATS #
Overall 22 of 25
Sector (Software) 13 of 13
Type (Add-on Acquisition) 18 of 21
Country (Puerto Rico) 1 of 1
Year (2022) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-24 SpotCues

Plano, Texas, United States

SpotCues is an operator of a mobile communications platform that offers a broad array of tools that streamline employee communications and workflows to keep people engaged and informed. SpotCues was founded in 2016 and is based in Plano, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-09 Ascentis

Eden Prairie, Minnesota, United States

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.

Buy -
Mergr

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