Today, European tech investor Tenzing announced that its portfolio company, The Payroll Software and Services Group (PSSG), has acquired Software for People, a provider of HR & payroll software and services.
This is the third acquisition completed by PSSG in the last eight months and advances the Group’s ambition of widening the products and services that it provides its c1,000 customers worldwide.
Software for People offers a scalable and configurable software solution that aids the accurate and efficient management of HR, payroll and pensions, together with training and education to support professionals in these areas.
Software for People’s customers will have the exciting opportunity to migrate onto PSSG’s tech platform and its Director, Keiron Smith, will continue to support the business day-to-day.
Eric Dunmore, CEO of PSSG, said: “PSSG are delighted to have acquired a software business that specialises in HR & payroll solutions, with a strong focus on the education sector. This presents a fantastic opportunity for us and we are very excited to welcome Keiron and the Software for People team to the Group.”
Christian Hamilton, Co-Founder and Managing Partner of Tenzing, commented: “PSSG is continuing to build momentum and add value to its customers through strategic acquisitions. Software for People is highly complementary and will build out the Group’s software offering in HR and payroll.”
This is the sixth acquisition Tenzing has supported its portfolio companies with in the last twelve months.
