Ultimate Software, a leading provider of Human Capital Management (HCM) and talent management solutions, today announced that it has entered into a binding Letter of Intent with the controlling shareholders of PeopleDoc with respect to the acquisition of PeopleDoc by Ultimate Software.
PeopleDoc is a pioneer in HR Service Delivery based in Paris, France and has more than 1,000 customers with users in 180 countries. This addition of the PeopleDoc HR Service Delivery platform will further Ultimate’ Software’s mission to improve the employee experience by offering new, person-centric features, such as an online employee help center, HR case management, and employee file management.
According to Ultimate, once the transaction is complete, PeopleDoc will continue operating globally as a wholly owned subsidiary of Ultimate, delivering, selling, and supporting cloud-based HR Service Delivery solutions that integrate with multiple HCM platforms to organizations based in North America and Europe. Furthermore, beginning in January 2019, Ultimate customers will have the option to select HR Service Delivery features as part of the unified UltiPro HCM suite, which includes core HR, payroll, benefits management, workforce management, talent acquisition, and talent management.
“PeopleDoc’s multi-national team has a proven track record of success and expertise serving global organizations,” said Scott Scherr, CEO, president, and founder of Ultimate. “This acquisition will open doors for Ultimate to further expand our presence in international markets. We are looking forward to taking care of PeopleDoc’s employees, as our two amazing cultures create an even stronger organization.”
When used in conjunction with the UltiPro HCM platform, the new HR Service Delivery options will give Ultimate customers the ability to provide faster, more responsive support to their workforces—as well as reduce the administrative burden on HR and payroll teams.
“As a startup, we’ve had to evolve time and time again to stay ahead of the market,” said Jonathan Benhamou, co-founder and CEO of PeopleDoc. “Now we are entering a new chapter in our journey to help HR teams worldwide change the world of work. By joining Ultimate, we are creating an amazing combined team, driven by the same core values and same 100% dedication to HR. Our shared passion and the opportunity before us make this next chapter our most exciting one yet.”
Read the full press release here.
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