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 focused on providing human capital and workforce management solutions for organizations seeking to optimize their labor management processes. The company develops software and services that facilitate accurate tracking of employee time and attendance, employing a range of technologies including wireless devices, toll-free timekeeping systems, and web-based platforms. These solutions enable businesses, particularly those with dispersed workforces, to efficiently monitor and manage labor costs while streamlining payroll processes through paperless payment options. By offering integrated tools for time and labor management, EPAY Systems helps organizations enhance workforce productivity and reduce administrative burdens.
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. It specializes in creating client service and customer relationship management (CRM) software platforms that include web-based project management tools. The company's offerings focus on data management, software quality assurance, and software engineering, helping clients achieve substantial returns on their technology investments. Additionally, Netwise provides enterprise-grade IT infrastructure services, including mission-critical server positioning and rack space solutions. As of September 2017, Netwise operates as a subsidiary of PrismHR.
Summit Software
Acquisition in 2016
Summit Software, Inc., founded in 1982 and based in North Little Rock, Arkansas, specializes in developing enterprise software applications and cloud-based hosting solutions primarily for the professional employer organization (PEO) and staffing industries. The company offers a range of products, including Apex, a payroll processing and PEO software, and ApexConnect, which provides web access for clients and their employees. Other offerings include Contact Manager, designed to maintain a database of client interactions and track issue resolution, and AppTrac, a candidate tracking system that enables clients to manage their hiring processes. Summit Software serves a diverse client base, from startups to larger firms managing extensive employee rosters, and it operates as a subsidiary of PrismHR.
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