Trans-Tasman HR management software company, Pivot Software, and Australian HR management software company Remesys are to merge. However they have given no indication as to who will control the merged entity.
An answer to an FAQ on Pivot Software’s website says: “The existing shareholders of both Pivot Software and Remesys will remain involved as owners and executives in the merged business. Philippa Youngman, the current CEO of Pivot Software, will be the managing director of the new entity.
Youngman also said all Remesys and Pivot Software employees would continue working for the combined company, and that the directors of both companies would be shareholders in the combined company and actively working in the company.
The respective brands of Pivot Software and Remesys will continue after the merger on 1 December 2016, and the companies say there will be no change for existing customers, who will continue to use their respective products with the same levels of support.
Youngman said: “Combining the forces of two high-performing local providers will help us present an attractive proposition to the market and accelerate our growth.
“The opportunities for helping organisations in our region use technology to develop engaged and productive workforces are enormous, and this merged entity will be better able to leverage these opportunities.”
A blog post Pivot Software said: “The merger provides the opportunity to compete more aggressively against the multinational software companies in the market, and to service a larger and broader customer base. We believe organisations in the Asia Pacific region want HR software that can manage their unique requirements, and is supported by people who have a strong understanding of managing people in a local context.”
Pivot Software and Remesys both offer remuneration management and performance management software across the Asia Pacific region. New Zealand customers include Fonterra, Fulton Hogan, The Warehouse, IAG and Westpac in New Zealand.
Pivot Software says more than 60 organisations across Australia and New Zealand use its software, with the majority coming from the energy, resources, financial services and professional services sectors.
Remesys says its software automates the performance management, succession planning, salary review, and bonus allocation processes, enabling HR to focus on strategic partnership with the business and value-add rather than administration.