Over 25 years of their combined expertise will greatly benefit their
current customers with ease of use and customization capability of both
products as well as responsive and friendly customer support.
March 29 2008 - San Mateo, California - EBS On Line, a sophisticated payroll processing
service provider, and Ascentis Corporation, a market leader in
easy-to-use human resource management systems (HRMS) based in Bellevue,
Washington, announced today that they have merged. The companies will
operate under the Ascentis name.
The merger was facilitated by Palm Ventures, a company located in
Greenwich, Connecticut, representing high net-worth families. "We are
excited about the opportunity to combine two companies that have a rich
tradition of providing easy-to-use solutions, excellent customer service,
and competitive pricing," said Les Goldstein, the new CEO of Ascentis.
"We see the HR and payroll capabilities serving as the core foundation
for a wider set of workforce management offerings". Mr. Goldstein was
previously the CEO of InterPay, the fifth largest payroll company in
the United States prior to its sale to Paychex, Inc.
The combined companies have more than 1500 clients and provide HR and
payroll services for more than 400,000 employees. The Ascentis product
suite provides seamless, integrated services for benefits management,
employee self-service, automated connections to insurance carriers, and
complete payroll processing including outsourced or local check
printing, tax processing and garnishments.
"The merger with Ascentis is the first step in our strategic goal to
combine Payroll, HR and Time Management under common ownership. We
worked with Ascentis for about a year prior to the merger and found the
synergies between the two companies to be excellent". This is according to
Jim Rhemer, who was the CEO of EBS On Line prior to the merger and
will assume the role of COO in the new organization.
The company will continue to operate in three locations - Bellevue,
Washington, San Mateo, California, and Rocklin, California - and is
expecting significant growth as it fills the workforce management needs of
the under-served middle market. "The commitment to providing a
cost-effective, exceptional customer experience is a culture that both firms
had, and will serve us well in continuing as a leader in this market",
said Dwight Matheny, who was Vice President & General Manager at Ascentis
and will continue in that role.
About Ascentis
The combined companies continue to provide workforce management
solutions to mid-sized organizations across North America, under the Ascentis
name. Known for user-friendly systems and exceptional customer
service, Ascentis makes HR and payroll easy. For more information about
Ascentis or our products, visit www.ascentis.com.
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