Ultimate Software plans to acquire Paris-based PeopleDoc, with a price tag of approximately $300 million. US-based Ultimate Software is a provider of human capital management solutions, and PeopleDoc is also a provider of HR services, with more than 1,000 customers with users in 180 countries.
Ultimate will use PeopleDoc's HR services to improve the employee experience through the addition of new features such as an online employee help center, HR case management, and employee file management.
“PeopleDoc’s multi-national team has a proven track record of success and expertise serving global organizations,” said Scott Scherr, CEO, president, and founder of Ultimate. “This acquisition will open doors for Ultimate to further expand our presence in international markets. We are looking forward to taking care of PeopleDoc’s employees, as our two amazing cultures create an even stronger organization.”
Upon completion of the transaction, PeopleDoc will continue operating as a wholly owned subsidiary of Ultimate, to deliver, sell, and support cloud-based HR service solutions that integrate with multiple HCM platforms to organisations based in North America and Europe.