SAUSALITO, CA--(Marketwire - January 6, 2011) - 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.
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