Lawson Software, a provider of human capital management software, has acquired privately held California-based Enwisen, in an all-cash transaction of $70m.
Through this acquisition, Lawson Software will own Enwisen AnswerSource HR Service Delivery suite, which enables companies to improve their delivery of HR services using fewer resources and lowering costs.
The Enwisen offerings will now become part of the Lawson Human Capital Management System, a human resources software system.
The company said that the Human Capital Management System includes Human Resource Management, Talent Management, Workforce Management, and the new Human Resource Service Delivery component.
The acquisition was closed on 31 December, 2010 and includes an earnout payment of $5m if certain conditions are satisfied as of 30 June 2012.
