Pivot Software to be acquired by Elmo (ELO:ASX)
Cloud-based HR software provider Pivot Software joins forces with Australian company ELMO Software Limited.
Christchurch, New Zealand. [27 February 2018]. Pivot Software today announced the acquisition of their business by ELMO Software Limited, an ASX listed provider of Cloud HR and payroll solutions and the fastest growing HR Tech company in the region.
“We are excited to be joining with ELMO to provide the market with a complete suite of HR solutions,” says founder and CEO of Pivot Software, Philippa Youngman.
“This will enable Pivot to further accelerate our growth in the Asia-Pacific market, and provide our clients with access to specialised and functionally rich HR solutions for the complete employee lifecycle. There is significant opportunity for a regionally-based provider to service this market with a comprehensive HR solution, which is what the combined group will offer the market.”
Mrs Youngman confirmed that all Pivot Software employees will be retained and she will remain CEO.
The Pivot Software brand will continue and there will be no change for existing customers, who will continue to use their respective products with the same levels of support.
About Pivot Software
Pivot Software provides human resource software solutions that enable organisations to improve the effectiveness of key processes like remuneration and performance management. They enable clients to improve their control over the complex and often emotional human resource processes.
Pivot Software are human resource professionals who understand how well-managed remuneration and performance management processes contribute to employee engagement.
Organisations with workforces ranging from 400 to more than 6000 in sectors like banking, insurance, utilities, retail and government use Pivot solutions.