Zellis, part of the Zellis Group, announces a definitive agreement to acquire elementsuite, an AI-enabled HR software company.
As part of the transaction, elementsuite will be combined with Zellis, the provider of payroll and HR software to the UK and Ireland, “creating an end-to-end AI-powered HR and payroll platform.”
Zellis and elementsuite will become one company, bringing “together elementsuite’s AI-enabled HR (human resources) and WFM (workforce management) suite with Zellis’ payroll and HR platform.”
The offering will provide Zellis’ customers with additional HR functionality and deliver elementsuite’s customers “access to Zellis’ payroll technology, allowing customers of both businesses to benefit from a full HR and payroll suite.”
elementsuite is an AI-enabled HR and WFM software company that delivers an HR suite to manage the “full employee lifecycle, servicing enterprises including McDonald’s and Five Guys.”
In June, Zellis launched HCM AIR (AI-enabled and Realtime) that provides AI and real-time payroll to “enhance functionality and create exceptional employee experiences.”
This acquisition further builds on Zellis’ AI capabilities and “extends it across a full HR suite.”
Abigail Vaughan, CEO of the Zellis business unit, said:
“We’re excited by the opportunity that this combination brings for new and existing customers of both elementsuite and Zellis. Bringing together the depth of talent across both businesses and combining the strength of elementsuite’s HR and AI capabilities with Zellis’ payroll, HR, and AI capabilities will deliver even more value to our combined customers.”
Steve Elcock, CEO/Founder of elementsuite, commented:
“We are incredibly proud of the AI-enabled HR suite we have developed in recent years and, with the support of Zellis, are looking forward to bringing the benefits of our technology to more businesses. Zellis’ leadership in payroll will further enhance our overall offering and will help us better meet market demand.”
The transaction is subject to customary “closing conditions and financial terms were not disclosed.”
As noted in the update, Zellis is the provider of HR and payroll software, and managed services, “to UK and Ireland-based companies with more than 1,000 employees.”
With more than 60 years’ experience and 1200+ employees, their solutions help to pay “over 10 percent of the UK’s working population.”
As mentioned in the announcement, elementsuite is a full-suite AI-enabled HR and Workforce Management software that ushers in a new “era of innovation and efficiency with an all-in-one platform that covers the entire employee lifecycle.”
elementsuite offers a solution for all HR and Workforce Management needs, from handling “recruitment and onboarding to generating labor forecasts and creating personalized reports, all on one mobile-friendly platform.”
elementsuite has a portfolio of brands who claim to stand “at the forefront of innovation, including McDonald’s UK, Travelodge, Roadchef, Five Guys, Wesleyan.”