Add-on Acquisition • Information Technology

UKG Acquires Quorbit

On November 3, 2022, UKG acquired information technology company Quorbit

Acquisition Context
  • This is UKG’s 3rd transaction in the Information Technology sector.
  • This is UKG’s 1st transaction in the United Kingdom.

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M&A Deal Summary

Date November 3, 2022
Target Quorbit
Sector Information Technology
Buyer(s) UKG
Deal Type Add-on Acquisition

Target Company

Quorbit

Oxford, United Kingdom
Quorbit specializes in long-term workforce planning solutions for people in frontline and hourly roles. The company helps large and complex organizations strategically plan future workforce decisions with detailed modeling, associated labor budgets, and recruitment strategies. Built in the Google Cloud Platform which also powers UKG solutions Quorbit forecasts staffing needs years into the future, empowering organizations to optimize operations while proactively crafting growth and learning opportunities for all people. Quorbit
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Buyer Overview 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. The 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 Context for Buyer #
Overall 24 of 27
Sector: Information Technology 3 of 3
Type: Add-on Acquisition 20 of 23
Country: United Kingdom 1 of 1
Year: 2022 4 of 4
PREVIOUS 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.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-06 Immedis

Dublin, Ireland

Immedis provides multi-country payroll processing via its cloud-based software platform. This platform enables payroll processing in 150 countries and provides customers with a consolidated view of their global payroll operations. Immedis is based in Dublin, Ireland.

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