PrismHR has acquired AgileHR, a provider of cloud-based talent management software. No financial terms were disclosed. PrismHR is backed by Summit Partners and Accel-KKR.
Hopkinton, Mass. — April 2, 2019 — PrismHR, the leading HR software platform for human resource outsourcing (HRO) service providers, today announced it has acquired AgileHR, a leading provider of cloud-based talent management software.
In January, PrismHR announced that AgileHR’s performance management solution was integrated with its HR platform and made available through the PrismHR Marketplace. With today’s announcement, PrismHR has acquired AgileHR and its full suite of talent management solutions. Terms of the deal were not disclosed.
“Our HRO customers consistently report that talent acquisition and performance management are key challenges for their small business clients,” said Gary Noke, president and CEO of PrismHR. “We’re excited to add the full suite of AgileHR solutions to the PrismHR platform and remain committed to offering our customers the ability to choose from a wide range of talent management solutions available from both PrismHR and our Marketplace partners.”
According to PrismHR’s 2019 HRO Trends Report, 51% of SMBs cite hiring qualified employees is a significant business challenge, and 56% of HROs see the issue as a top challenge for their SMB clients. Talent management solutions help employers quickly and efficiently find, hire, onboard and manage employees, enabling SMBs to grow and manage their businesses more effectively. A copy of the 2019 Trends Report can be downloaded at https://go.prismhr.com/2019-hro-trends-report.
The acquisition of AgileHR and addition of its talent management solutions to PrismHR’s portfolio of HR software products demonstrates the company’s commitment to providing its HRO customers with a wide range of best-of-breed solutions for their SMB clients.
“We recently began offering AgileHR’s performance management suite and our customers are already seeing significant value gained by simplifying and automating performance management,” said Carmen Perez, technology solutions lead at EmPower HR, a Milwaukee-based Professional Employer Organization (PEO) and customer of both PrismHR and AgileHR. “We’re looking forward to seeing PrismHR’s expanded suite of talent management offerings and expect our customers will be eager to adopt them as well.”
Eric Carlson, president and CEO of AgileHR commented, “PrismHR is widely regarded as the premier technology platform for HROs. We’re excited to be joining forces with the company and to making our talent management solutions more widely available and tightly integrated with the PrismHR platform.”
For more information about PrismHR’s acquisition of AgileHR please visit our FAQs at https://www.prismhr.com/agilehr-faq/.
Backed by Summit Partners and Accel-KKR, PrismHR’s software and services empowers human resource outsourcing service providers such as Professional Employer Organizations (PEOs) and Administrative Service Organizations (ASOs) to deliver world-class payroll, benefits and HR to small and medium sized businesses (SMBs). PrismHR software is used by more than 88,000 organizations and 2.2 million worksite employees, processing greater than $57 billion in payroll each year. For more information, visit www.prismhr.com.