iSolved HCM Acquires Sage Payroll Solutions (U.S. payroll outsourcing business)
January 15, 2019
iSolved HCM agreed to acquire Sage Payroll Solutions, the U.S. payroll outsourcing business of The Sage Group Plc. The deal adds more than 44,000 payroll customers and expands iSolved's employer reach to roughly 145,000, accelerating iSolved's midmarket HCM growth while enabling Sage to divest a non-core unit as it focuses on its SaaS strategy.
- Buyers
- iSolved HCM, Accel-KKR
- Targets
- Sage Payroll Solutions
- Sellers
- The Sage Group Plc
- Industry
- Staffing & HR
- Location
- United States
- Transaction Type
- Divestiture
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