Arcoro Acquires InfinityHR to Further Expand HCM Offering
InfinityHR Adds Core HR, Benefits Management and Payroll to Arcoro’s End-to-End solution
DES MOINES, Iowa – October 1, 2018 – Arcoro, a proven provider of human capital management (“HCM”) solutions for high consequence industries, announced today that it has acquired InfinityHR, an innovative leader in Human Capital Management. InfinityHR joins the existing Arcoro HCM platform companies of BirdDogHR and ExakTime and marks the third human resource (“HR”) software acquisition by Arcoro this year. Arcoro, which is backed by Providence Strategic Growth Capital Partners L.L.C. (“PSG”), continues to fulfill its commitment to delivering integrated, easy-to-use HCM solutions for high consequence industries.
With the U.S. unemployment rate hovering at 3.9% according to the Bureau of Labor Statistics, hiring, managing and retaining great employees is a competitive endeavor that continues to be critical to business longevity and success. Arcoro understands that high consequence industries, including construction, engineering, manufacturing and healthcare, face these challenges in addition to their rigorous reporting requirements for compliance. Accordingly, the acquisition of InfinityHR brings core HR features, benefits management, payroll, Affordable Care Act reporting and other features that can be integrated seamlessly into the Arcoro solution.
“We are very excited to join Arcoro,” said Jeff Torczon, president and CEO of InfinityHR. “Arcoro has assembled a strong HR solution offering. We look forward to introducing our solution across the Arcoro family of companies and sharing the Arcoro solutions with our customers and strong partner network.”
“InfinityHR’s product suite is highly complementary to the current Arcoro product suite, and will further empower Arcoro’s customers with a highly integrated HCM solution with the breadth of capabilities they are looking for,” said PSG Managing Director Gopi Vaddi. “Their strong core HR software solution, support structure and partner network reinforces our go-to market strategy. We are very happy to have InfinityHR join our team, and very excited about the great cultural fit.”
“We are pleased to see InfinityHR joining the suite of Arcoro products,” said Todd Skokan, CEO of BirdDogHR. “We think the expanded core HR functionality will make Arcoro’s strong array of offerings even stronger.”
“We are looking forward to the expanded offering available through the Arcoro platform of products in the HCM space,” said Tony Bowden from Payroll Systems, an InfinityHR partner. “InfinityHR continues to be a leading partner for our customers, providing best in class core HR functionality, benefits management, ACA reporting and payroll functionality. Integrated talent management provided by BirdDogHR combined with ExakTime’s time and attendance platform will give us an opportunity to increase our HCM offerings all under the Arcoro brand.”