Paychex Acquires Social Recruiting Services Provider

A desire to combine social recruiting services, applicant tracking, and hiring solutions with its own  payroll, human resource, and benefits outsourcing expertise was the driving force behind Paychex's (NASDAQ: PAYX  ) acquisition of HR Services and its myStaffingPro software-as-a-service technology.

Paychex announced the acquisition yesterday. Paychex President and CEO Martin Mucci said: "With this acquisition we are able to combine the myStaffingPro technology and expertise with Paychex resources to strengthen our portfolio of human resource service solutions, and provide an industry-leading applicant tracking and recruiting services solution for our clients."

Launched in 1999, the myStaffingPro applicant-tracking suite provides technology aimed at simplifying the applicant work flow and hiring process. Paychex is a leader in providing payroll and human resource responsibilities for small- to medium-sized businesses. The new capabilities are expected to help drive growth for the company and expand the markets it serves.

HR Services was founded in 1993 and will now operate as a wholly owned subsidiary of Paychex. Financial terms of the transaction were not disclosed.

link


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2488521, ~/Articles/ArticleHandler.aspx, 10/20/2014 4:53:52 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement