PrismHR
PrismHR is a software company that specializes in developing enterprise solutions for human resource outsourcing organizations, notably Professional Employer Organizations (PEOs) and Administrative Service Organizations (ASOs). Founded in 1985 and based in Plymouth, Massachusetts, with additional offices in Southborough and Framingham, PrismHR offers a comprehensive payroll, benefits, and HR software platform. This platform includes features such as payroll processing, benefits administration, account management, new hire onboarding, and self-service options. The company serves over 88,000 organizations and 2.2 million worksite employees, processing more than $80 billion in payroll annually. In addition to its software solutions, PrismHR provides professional services including implementation, custom programming, training, and customer support, helping clients streamline their human capital management and enhance operational efficiency. The company was formerly known as F.W. Davison & Company, Inc. before rebranding to PrismHR in February 2015.
Top Stages
5 past transactions
Namely
Acquisition in 2022
Namely, Inc. operates an online human resource software platform designed for small- and mid-sized organizations. Founded in 2011 and based in New York, the company provides an all-in-one solution that integrates various HR functions, including payroll, benefits administration, time-off tracking, and talent management. Namely's cloud-based platform allows HR teams to manage employee data efficiently while ensuring compliance with regulations. The company serves a diverse range of industries, including technology, professional services, and commerce, offering personalized support to help organizations enhance their company culture and improve employee experiences.
EPAY Systems
Acquisition in 2020
EPAY Systems is a company that focuses on human capital and workforce management solutions, aimed at helping organizations efficiently manage their labor resources and associated costs. The company offers a range of software and services that include wireless time and attendance devices, as well as web and phone-based technologies for labor tracking. EPAY Systems provides paperless payment options, enabling businesses with dispersed workforces to effectively monitor, manage, and compensate their employees. Through these comprehensive tools, EPAY Systems assists companies in streamlining their workforce management processes.
Agile HR
Acquisition in 2019
AgileHR, founded in 2011 and based in Wichita, Kansas, specializes in developing cloud-based talent management software designed for organizations. The company offers a comprehensive suite of services, including applicant tracking, employee onboarding, performance management, employee management, and integrated payroll and time and attendance solutions. AgileHR's software features intuitive interfaces, robust business logic, and strong auditing capabilities, enabling clients to efficiently find, hire, and manage high-performing employees. As of April 2019, AgileHR operates as a subsidiary of PrismHR.
NetWise Technology
Acquisition in 2017
NetWise Technology, Inc. is a software development company based in Bradenton, Florida, founded in 1999 and currently a subsidiary of PrismHR. The company specializes in creating client service and customer relationship management (CRM) software platforms, as well as web-based project management tools. NetWise Technology focuses on providing enterprise-grade IT infrastructure services, including mission-critical server positioning and rack space solutions. Their software offerings emphasize data management, software quality assurance, and software engineering, aimed at delivering significant returns on clients' strategic technology investments. Through its innovative solutions, NetWise Technology has established a strong reputation for achieving exceptional results for its clients.
Summit Software
Acquisition in 2016
Summit Software Inc., established in 1982 and headquartered in North Little Rock, Arkansas, is a leading provider of enterprise software applications for the professional employer organization (PEO) and staffing industries. The company offers a suite of products including Apex, a comprehensive payroll processing and PEO software; ApexConnect, enabling web access to clients and employees; Contact Manager, tracking client interactions and issues; and AppTrac, facilitating applicant tracking and hiring processes. As of February 1, 2016, Summit Software operates as a subsidiary of PrismHR, serving clients ranging from startups to large enterprises managing thousands of employees.
Spot something off? Help us improve by flagging any incorrect or outdated information. Just email us at support@teaserclub.com. Your feedback is most welcome.