Ascentis Announces the Acquisition of Starfield TMS
Ascentis, a software developer and management company specializing in human resources software, online payroll services, and HCM (human capital management) solutions, today announced the acquisition of Starfield, a leading provider of talent management software solutions. The acquisition comes amidst a continuinuiing consolidation of the HCM Software Solutions space, which has been ongoing since Oracle, IBM, and SAP acquired, Taleo, Kenexa, and SuccessFactors respectively.
This acquisition introduces several new products to the Ascentis HCM suite of solutions including learning management, performance management, compensation management, succession planning, 360° assessment and a strong business intelligence layer with data warehouse reporting.
“Ascentis is dedicated to providing our client base and prospects with the most comprehensive HCM suite available in the market today,” said Ascentis CEO DJ Chhabra. “Even though our easy-to-use world-class HRIS and online payroll solutions continue to be the cornerstone of our success, we are also focused on adding new and complementary offerings to broaden and deepen the capabilities of the companies we serve. With the acquisition of Starfield and their extremely rich talent management products, we are thrilled that we were able to respond so quickly to the needs of our market in providing a critical array of new solutions to effectively manage their most important asset, their employees.”
“Starfield is excited to leverage Ascentis’ tremendous market presence to introduce our innovative and real-time approach to managing performance and developing employees known as Performance Tuning,” said Paul Meyer, president of Starfield. “I’m excited that the combined products and cultures of our organizations will result in an unparalleled experience for our clients looking for simpler and more practical tools rather than just automation of outdated practices.”
The addition of these talent management products allows Ascentis to offer a broader suite of HCM solutions to the SMB marketplace. Ascentis’ unique and flexible market strategy offers companies a comprehensive HCM solution suite or standalone modules that integrate with other systems, attracting organizations that are looking for a range of purchasing options designed to meet their specific needs. The addition of the talent management solutions follows that approach while offering clients and prospects a tightly coupled experience to the existing core HR and payroll products offered by Ascentis.