The combined companies – which will operate under the Ascentis name – have more than 1500 clients and provide HR and payroll services for more than 400,000 employees. The Ascentis product suite provides integrated services for:
- benefits management,
- employee self-service,
- automated connections to insurance carriers, and
- payroll processing, including outsourced or local check printing, tax processing and garnishments.
According to a press release, the merger was facilitated by Palm Ventures, a company located in Greenwich, Connecticut, representing high net-worth families. “We are excited about the opportunity to combine two companies that have a rich tradition of providing easy-to-use solutions, excellent customer service, and competitive pricing,” said Les Goldstein, the new CEO of Ascentis. “We see the HR and payroll capabilities serving as the core foundation for a wider set of workforce management offerings”. Goldstein was previously the CEO of InterPay, the fifth largest payroll company in the United States prior to its sale to Paychex, Inc.
“The merger with Ascentis is the first step in our strategic goal to combine Payroll, HR and Time Management under common ownership. We worked with Ascentis for about a year prior to the merger and found the synergies between the two companies to be excellent”. This is according to Jim Rhemer, who was the CEO of San Mateo, California-based EBS On Line prior to the merger and will assume the role of COO in the new organization.
The company will continue to operate in three locations – Bellevue, Washington, San Mateo, California, and Rocklin, California.
More information is available atwww.ascentis.com.