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by Jeff Moad, MA Editorial Staff
Posted on Monday, April 02, 2007 5:55:00 PM Sign Up to receive Daily News Alerts in your E-mail Inbox    | Abstract: | In a deal that points up the attractiveness of the human capital management sector, Infor lays out $227 million for Workbrain, which focuses on time and attendance tracking, scheduling, and other workforce functions. |
| Keywords: | Infor acquires Workbrain, Infor buys HCM, human capital management consolidation, HCM consolidation, workforce management vendor, workforce management market, time and attendance, scheduling applications |
Enterprise software vendor Infor Global Solutions today said it will acquire workforce management software provider Workbrain Corp. for $227 million in cash. The move marks the second time in just over a week that a publicly owned human capital management (HCM) software vendor announced it would be acquired with the help of an equity firm and taken private. On March 23, Kronos Inc. said it had accepted an acquisition offer of $1.8 billion from equity firm Hellman & Friedman Capital Partners VI, LP. Workbrain, which offers software for time-and-attendance tracking, scheduling, absence management, and workforce planning, said its board of directors has approved the deal and that CEO David Ossip and company director Alon Ossip have agreed to vote their shares — representing about 22% of Workbrain's common shares — in favor of the deal with Infor. Workbrain said it expects the deal to close in June. [Click to continue] |
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