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iSolved HCM Acquires Workforce Management Firm HK Payroll Services
Friday 17 May 2019

17 May 2019 - US-based human capital management solutions provider iSolved HCM, an Accel-KKR portfolio company, has acquired Iowa, US-based payroll services provider HK Payroll Services Inc., the company said.

This acquisition is a mutually beneficial advancement of the relationship between the two companies that started when HKP joined the iSolved Network and selected the iSolved technology platform to service its payroll and HR customers.

iSolved is an HCM platform that helps businesses manage their workforce challenges including human resources, payroll, time tracking and benefits enrollment, as well as their people-centric goals such as engagement, performance and continual learning.

With the acquisition, HKP customers will have access to a range of additional tools and resources including iSolved with Mojo, a collaboration and performance solution, and iSolved Learn, a learning management tool.

HKP is the workforce management affiliate of Honkamp Krueger and Co., P.C., a Top 100 CPA and business consulting firm, and HK Financial Services, a Top 100 wealth advisor by Forbes. HKP began assisting its customers with efficient, convenient payroll needs more than 50 years ago.

The iSolved platform has grown its market share rapidly and now has over 5m employees and 145,000 employers. HKP was one of more than 100 iSolved Network partners that played a major role in the iSolved market share growth and provides a key payroll processing location in the Midwest.
Date Published: 17/05/2019
Target: HK Payroll Services Inc
Country: USA
Sector: Business and Consumer Services
Type: LBO
Status: Closed
Buyer: iSolved HCM
Terms of the deal were not disclosed