U.S. multinational to acquire global payroll provider from Kilkenny-based CluneTech
U.S. multinational UKG Inc., a leading provider of HR, payroll and workforce management solutions for all people, has reached an agreement with Kilkenny-based CluneTech to acquire global payroll provider Immedis.
Founded in 2016, Immedis is a subsidiary of CluneTech ̶ a suite of technology companies focused on simplifying global business.
Through its cloud-based payroll platform, Immedis delivers multi-country payroll solutions to customers spanning multiple industries across more than 150 countries and 120 currencies.
Demand for the Immedis payroll platform has grown strongly and this acquisition reflects an increase in valuation above its last investment round.
With 374 people worldwide, including an Irish workforce of over 100, Immedis provides organizations with a real-time view of data and analytics across their entire global payroll ecosystem, regardless of how payroll is processed at the country level.
The acquisition of Immedis, subject to closing conditions, is expected to be completed within 60 days and propels UKG into a global HCM leadership position with the creation of the industry’s most adaptable, intelligent “schedule to fund in one” experience for multinational businesses.
UKG has 15,000 employees and 75,000 customers around the globe. In 2021 UKG acquired Great Place to Work, which has ranked CluneTech as one of Ireland’s best workplaces for the past eight consecutive years, as well as a Best Workplace in Tech and a Best Workplace for Women.
The acquisition of Immedis will help UKG support their customers to transform multi-country payroll, while also providing exciting career opportunities for Immedis employees as part of the UKG business.