SumTotal Systems, a strategic Human Capital Management (HCM) services provider, has announced the acquisitions of CyberShift, a strategic workforce management and expense software company, and Accero, a payroll and benefits software provider.
The company hopes that the acquisitions would advance and accelerate SumTotal’s vision and expand Talent Management to link mission critical processes across the broader strategic Human Capital Management (HCM) market.
SumTotal has over 3,400 global customers and 43 million users. The new acquisitions add an additional 1,000 new customers, said the company.
The shift from simply managing transactional HR functions to enabling integrated HR processes is compelling organisations to simplify and improve their technology deployments to contain costs and eliminate silos of fragmented information, said the company.
CyberShift offers visualisation and mobile offerings for time and attendance, advanced scheduling, absence management, and Family and Medical Leave Act (FMLA) and leave management.
Accero provides payroll and benefits software with advanced workforce intelligence capabilities for mid-size and large enterprises internationally, said the company.
SumTotal Systems CEO John Borgerding said customers are requiring more end-to-end offerings for enabling strategic, high-value HCM processes across their entire organisation, while having ‘one-hand-to-shake’ with their delivery partner.
Borgerding said, "We have raised the bar for how organisations manage their workforce by providing complete visibility and strategic planning in a single solution that enables better decision making. Traditional vendors only touch the surface and focus on process automation or record keeping, and point solutions only address process silos and don’t scale to all organisational models. SumTotal is the only vendor that can provide this new level of breadth and depth for customers."
