M&A Deal Summary |
|
|---|---|
| Date | 2009-10-14 |
| Target | Time In A Box |
| Sector | Software |
| Buyer(s) | UKG |
| Sellers(s) | Paychex |
| Deal Type | Divestiture |
SEARCH BY
| Category | Company |
|---|---|
| Founded | 1977 |
| Sector | Internet Software and Services |
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 STATS | # |
|---|---|
| Overall | 7 of 27 |
| Sector: Software M&A | 6 of 13 |
| Type: Divestiture M&A Deals | 2 of 3 |
| State: Washington M&A | 1 of 2 |
| Country: United States M&A | 5 of 21 |
| Year: 2009 M&A | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2009-10-14 |
Stromberg
Lake Mary, Florida, United States Stromberg is a provider of enterprise time and attendance solutions. The Lake Mary, Florida based company is the only time and labor management vendor that specializes solely on time and attendance as well as scheduling for large companies. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2012-03-28 |
SaaShr.com
Branchburg, New Jersey, United States SaaShr.com LLC is a software-as-a-service (SaaS) workforce management suite for small and midsize businesses (SMBs). |
Buy | - |
| Category | Company |
|---|---|
| Founded | 1971 |
| Sector | Business Services |
| Employees | 15,600 |
| Revenue | 5.3B USD (2024) |
Paychex is a provider of comprehensive payroll and integrated human resource and employee benefits outsourcing solutions for small- to medium-sized businesses in the US. Paychex was founded in 1971 and is based in Rochester, New York.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 2 |
| Sector: Software M&A | 1 of 1 |
| Type: Divestiture M&A Deals | 2 of 2 |
| State: Washington M&A | 1 of 1 |
| Country: United States M&A | 2 of 2 |
| Year: 2009 M&A | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2009-10-14 |
Stromberg
Lake Mary, Florida, United States Stromberg is a provider of enterprise time and attendance solutions. The Lake Mary, Florida based company is the only time and labor management vendor that specializes solely on time and attendance as well as scheduling for large companies. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2011-02-09 |
SurePayroll
Glenview, Illinois, United States SurePayroll, a privately held company founded in 2000, serves approximately 30,000 small businesses with its easy-to-use, online payroll product. The acquisition of SurePayroll expands the range of payroll alternatives Paychex offers. Small businesses that want more control of the payroll process will find that in SurePayroll's convenient, web-based platform, while businesses that prefer a higher level of interaction with a dedicated payroll specialist will have that in the Paychex model. |
Buy | $115M |
