Payroll support solution CoAdvantage Corporation has acquired Progressive Employer Management Company, in an undisclosed deal.
This merger will allow CoAdvantage to expand its presence, accelerate its growth and boost its standing in the market. The combined platform will serve over 4,000 clients and around 85,000 worksite employees.
Florida-headquartered CoAdvantage is a HR solution platform which offers professional employer organisation services. SMBs are able to access systems for tasks including payroll, benefits, risk management and HR support.
PEMCO provides customers with payroll administration, workers’ compensation, employee benefits and human resource solutions to companies at all scales.
CoAdvantage CEO Clint Burgess said, “Merging with CoAdvantage solidifies our leading presence in Florida, and continues our mission of providing high quality outsourced HR solutions.”
Investments into HR/Payroll companies saw a more funded Q2 in 2017 than it did last year, with it picking up around $71m more; however, levels are still significantly below the opening quarter of 2016, which saw $309m funded.
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