Administaff Acquires OrgPlus(R) Small Business Product Line From HumanConcepts
06 Janeiro 2011 - 11:39AM
Marketwired
HumanConcepts, the leading provider of workforce decision support
solutions, today announced the acquisition of certain assets by
Administaff, Inc. (NYSE: ASF), a leading provider of human
resources services for small and medium-sized businesses.
Administaff has acquired ownership of the current OrgPlus software
product line targeted at small and medium-sized businesses as well
as a source code license for a Software as a Service (SaaS) based
version, which will be released later this year. HumanConcepts will
retain its enterprise solution suite and continue to build on its
momentum in that market. The terms of the transaction were not
disclosed.
OrgPlus facilitates rapid creation, management and communication
of detailed organizational charts. In addition, OrgPlus provides a
framework that promotes detailed workforce analysis by bringing
together data from accounting, human resources (HR), sales,
performance management and other business systems into a dynamic
and intuitive visual display. By creating this visual context,
management, HR professionals and employees are able to better
understand their organizational structure, increase their
productivity and more easily plan for change.
"This agreement is good for customers of both companies," said
Martin Sacks, HumanConcepts president and chief executive officer.
"Administaff is well positioned to serve the HR needs of small and
medium-sized business customers, while HumanConcepts can now
exclusively focus on delivering an end-to-end solution for
organizational change management to our larger enterprise
customers. We have gained significant traction among organizations
that need to optimize their organizational structures as an ongoing
business activity, and we see this as a large and growing market
opportunity."
HumanConcepts will now dedicate its resources to expanding the
OrgPlus Enterprise platform and suite of SaaS-based Organizational
Change Management solutions, which are designed for large-scale
public and private-sector organizations with more than 1,000
employees. These customers will benefit from accelerated product
development and faster delivery of enhanced, integrated solutions
that enable them to perform better, rapidly address organizational
change and manage growth.
The acquisition includes the brand name and entire OrgPlus
licensed software product line designed for the small and
medium-sized business segment, including the Premium, Professional
and Standard versions. Administaff is also acquiring additional
technology assets in the form of a source code license which will
facilitate the launch of a SaaS based version of the product
targeted at small and medium sized businesses later this year. With
the large base of existing SMB customers, the OrgPlus product line
is expected to provide a revenue stream to further advance the
company's adjacent business growth strategy.
"OrgPlus is a well-established brand with feature-rich products
that will solidly complement our growing line of business
performance improvement software solutions delivered in both a
licensed and a Software-as-a-Service model," said Paul J. Sarvadi,
Administaff chairman and chief executive officer. "We expect to
generate attractive cross-selling opportunities with our small and
medium-sized business (SMB) customers and prospects as well as
introducing Administaff products and services to the more than
60,000 existing SMB OrgPlus customers and partner channels."
This mutually beneficial acquisition enables both companies to
leverage HR data visualization and workforce planning technology to
create unique product offerings and increase penetration in their
respective target markets.
About HumanConcepts HumanConcepts enables
enterprises to better manage organizational change of all types,
including growth, rightsizing and reorganization. Using solutions
from HumanConcepts, customers can achieve organizational agility,
more easily understand how they are organized, plan for the future,
and transition the workforce to its optimal state. Used by many of
the world's largest organizations, HumanConcepts solutions provide
immediate return on investment by enabling companies to reorganize
faster, manage financial targets, stay in compliance, and reduce
both cost and risk. The company's products are certified by leading
ERP and talent vendors such as Oracle, SAP, PeopleSoft and Lawson.
HumanConcepts is based in Sausalito, California, with offices in
the United Kingdom, Germany and Singapore. For more information,
visit www.humanconcepts.com.
About Administaff Administaff is the
nation's leading professional employer organization (PEO), serving
as a full-service human resources department that provides small
and medium-sized businesses with administrative relief, big-company
benefits, reduced liabilities and a systematic way to improve
productivity. The company also provides an array of additional
products and services designed to improve business performance,
including software solutions for time and attendance, expense
reimbursement and performance management, as well as recruiting,
background screening and retirement services, among others. The
company operates 51 sales offices in 24 major markets. For
additional information, visit Administaff's website at
http://www.administaff.com.
Press contact HumanConcepts: Robyn Fernsworth Email
Contact (415) 412-0300
Administaff (NYSE:ASF)
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