SumTotal Systems, a human capital management solutions provider, has acquired CyberShift, a workforce management and expense software provider, and Accero, experts in payroll and benefits software, writes SYS CON.
These acquisitions advance and accelerate SumTotal's vision and expand talent management to link mission critical processes across the broader HCM market.
With over 3 400 global customers and 43 million users, SumTotal represents the most complete strategic HCM solution delivering greater value to customers with cross-functional best-in-class capabilities.
Increasing labour costs have put additional pressures on organisations, driving the need for improved, global visibility of how organisations manage their workforce to reduce operational costs.
According to WorkForce, HR software provider SumTotal Systems revealed the two acquisitions last week Thursday, adding to the consolidation among makers of human resources applications.
The moves come on the heels of other acquisitions by SumTotal in the past year and position it as a more comprehensive HR software vendor.
Other firms that began with targeted HR software applications also have been expanding their breadth in a bid to meet customer calls for an integrated set of talent management tools.
SuccessFactors has gobbled up a number of vendors, including Plateau Systems. And Taleo. has acquired firms including Worldwide Compensation.
“Customers are requiring more end-to-end solutions for enabling strategic, high-value [human capital management] processes across their entire organisation, while having 'one-hand-to-shake' with their delivery partner,” said John Borgerding, CEO of SumTotal Systems, in a written statement.
Terms of the acquisitions were not disclosed.
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