[Global] UKG completes acquisition of Immedis

HR, payroll, and workforce management solutions provider UKG has completed the acquisition of global payroll provider Immedis, Crowdfund Insider reports.

With the acquisition’s close, UKG announced “the immediate launch of UKG One View, a multi-country payroll experience that instantly modernizes and reimagines the traditionally fragmented, costly, and cumbersome global payroll model.”

Pete A. Tiliakos - principal analyst at GxT Advisors - said, “This move accelerates UKG past an HCM marketplace that is still figuring out how to solve for multi-country footprints. UKG is the perfect place for Immedis and its subject matter experts. Together, they will continue building a truly modern, technology-enabled global payroll experience.”

UKG One View was developed in close collaboration between UKG and Immedis. It reportedly provides multinational customers with:

• A singular, AI-powered schedule to fund experience that provides a real-time payroll view across all employees, regardless of country or local payroll provider, to identify needs, variances, and important insights;
• A hybrid deployment model that can be deployed in weeks, allowing customers to bring together various in-country payroll technology and services for immediate visibility, minimising disruptions and accelerating time-to-value;
• Uniform workflow control in a single-pane view that creates one operational standard across countries, simplifying benchmarking and enhancing in-country provider accountability; and
• Consistent and user-friendly employee experience with an all-in-one intuitive application that supports 20+ languages across 160 countries, providing a globally compliant pay slip that inspires confidence that everyone is being paid fairly and accurately.

Richard Limpkin - the co-founder of Immedis who joined UKG as vice president of multi-country payroll solutions - said, “Our unique approach is going to dramatically transform the disappointing experience that many employees who work internationally experience today. For the first time, employees can now benefit from a singular schedule to fund in one experience - consistent around the world - giving them the trust and confidence that they’re being paid fairly, accurately, and on time.”

Chris Todd - CEO at UKG - said, “UKG has a singular focus: delivering innovations that provide every business with the opportunity to become a great workplace. We are committed to solving the most complex business challenges with technology-led experiences that benefit all people, and the launch of UKG One View is the epitome of that promise.”

The acquisition was reportedly completed on July 1, 2023.

Source: Crowdfund Insider

(Link and quotes via original reporting)

HR, payroll, and workforce management solutions provider UKG has completed the acquisition of global payroll provider Immedis, Crowdfund Insider reports.

With the acquisition’s close, UKG announced “the immediate launch of UKG One View, a multi-country payroll experience that instantly modernizes and reimagines the traditionally fragmented, costly, and cumbersome global payroll model.”

Pete A. Tiliakos - principal analyst at GxT Advisors - said, “This move accelerates UKG past an HCM marketplace that is still figuring out how to solve for multi-country footprints. UKG is the perfect place for Immedis and its subject matter experts. Together, they will continue building a truly modern, technology-enabled global payroll experience.”

UKG One View was developed in close collaboration between UKG and Immedis. It reportedly provides multinational customers with:

• A singular, AI-powered schedule to fund experience that provides a real-time payroll view across all employees, regardless of country or local payroll provider, to identify needs, variances, and important insights;
• A hybrid deployment model that can be deployed in weeks, allowing customers to bring together various in-country payroll technology and services for immediate visibility, minimising disruptions and accelerating time-to-value;
• Uniform workflow control in a single-pane view that creates one operational standard across countries, simplifying benchmarking and enhancing in-country provider accountability; and
• Consistent and user-friendly employee experience with an all-in-one intuitive application that supports 20+ languages across 160 countries, providing a globally compliant pay slip that inspires confidence that everyone is being paid fairly and accurately.

Richard Limpkin - the co-founder of Immedis who joined UKG as vice president of multi-country payroll solutions - said, “Our unique approach is going to dramatically transform the disappointing experience that many employees who work internationally experience today. For the first time, employees can now benefit from a singular schedule to fund in one experience - consistent around the world - giving them the trust and confidence that they’re being paid fairly, accurately, and on time.”

Chris Todd - CEO at UKG - said, “UKG has a singular focus: delivering innovations that provide every business with the opportunity to become a great workplace. We are committed to solving the most complex business challenges with technology-led experiences that benefit all people, and the launch of UKG One View is the epitome of that promise.”

The acquisition was reportedly completed on July 1, 2023.

Source: Crowdfund Insider

(Link and quotes via original reporting)