Acrisure, a global fintech leader, today announced the closing of its acquisition of Heartland Payroll Solutions (“Heartland Payroll”), one of the leading payroll and Human Capital Management (HCM) companies in the United Sates, from Global Payments, Inc. (NYSE: GPN) for $1.1 billion. The acquisition will bring Heartland Payroll’s 50,000+ clients under the Acrisure umbrella and significantly expand the company’s current payroll and HCM capabilities.
“This transaction is more than an acquisition of a business, it signifies the importance of listening to our clients and finding the right solutions to better serve their needs,” said Greg Williams, Co-Founder, Chairman and CEO of Acrisure. “Payroll and HCM technology are highly desired capabilities for small and medium-sized business owners who are increasingly looking to consolidate their non-discretionary business services with a single trusted advisor. Adding a scaled payroll and HCM offering strengthens and broadens our client offering and marks a significant milestone in our journey to becoming the most comprehensive provider of financial service products for small and medium-sized businesses.”
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Vince Lombardo, President, has joined Acrisure as part of the transaction, and will lead the AurisSM Payroll and HCM Division.
“Joining Acrisure marks an exciting new chapter for this business,” said Lombardo. “We remain committed to empowering small businesses with intuitive, reliable payroll and HR products and services. Now, as part of Acrisure’s ever-expanding fintech ecosystem, we’re positioned to deliver even greater value to our clients. Our new Auris identity reflects the bold vision and renewed focus on helping businesses simplify operations, stay compliant and grow with confidence with great technology.”
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Source: Businesswire
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