Zellis announced a definitive agreement to acquire elementsuite, an AI enabled HR software company. As part of the deal, elementsuite will be combined with Zellis, the largest provider of payroll and HR software to the UK and Ireland, creating an end-to-end AI-powered HR and Payroll platform.
Zellis and elementsuite will become one company, combining elementsuite’s AI-enabled HR (human resources) and WFM (workforce management) suite with Zellis’ Payroll and HR platform. This combined offering will provide Zellis’ customers with additional HR functionality and deliver elementsuite’s customers access to Zellis’ payroll technology, allowing customers of both businesses to benefit from a full HR and payroll suite.
In June, Zellis launched HCM AIR (AI enabled and Realtime) that offers AI and Realtime payroll to enhance functionality and create exceptional employee experiences. And this acquisition further builds on Zellis’ existing AI capabilities and extends it across a full HR suite.
The deal is subject to customary closing conditions and financial terms were not disclosed.
KEY QUOTES:
“We’re excited by the opportunity that this combination brings for new and existing customers of both elementsuite and Zellis. Bringing together the depth of talent across both businesses and combining the strength of elementsuite’s HR and AI capabilities with Zellis’ payroll, HR and AI capabilities will deliver even more value to our combined customers.”
– Abigail Vaughan, CEO of Zellis Business Unit
“We are incredibly proud of the AI enabled HR suite we have developed in recent years and, with the support of Zellis, are looking forward to bringing the benefits of our technology to more businesses. Zellis’ leadership in payroll will further enhance our overall offering and will help us better meet market demand.”
– Steve Elcock, CEO/Founder of elementsuite
