Australia – Ascender acquires NGA HR Australia and New Zealand

Filed under: News |

By (Danny Romero)

Payroll service solutions firm Ascender has announced that it has completed a transaction whereby it has acquired the Australia and New Zealand business of NGA Human Resources, an Australian HR and Payroll Technology and Services organisation.

As part of the agreement, Ascender and NGA HR have entered into a strategic partnership to deliver payroll and HR services solutions for the Australia and New Zealand region to ensure a seamless solution for NGA HR’s global payroll and HR clients, as well as continued service delivery for local NGA HR’s customers leveraging NGA’s global delivery centres.

The technology assets and service capabilities acquired from NGA HR include 200 staff across Australia and New Zealand, and state-of-the art HCM (Human Capital Management) platforms such as Preceda and PS Enterprise. The Association for Payroll Specialists (TAPS) is also part of the transaction and will continue to operate as an independent association, providing payroll advice, training and recruitment services to its 4,000 payroll professional members as it has for the last 26 years.

Through a newly formed partnership, both parties will collaborate to provide ANZ payroll solutions to NGA’s global enterprise clients, as part of NGA’s global payroll offering. The strategic partnership will include collaboration around payroll innovation and broader HR services offerings, including a range of flexible service delivery options for global clients with a footprint in ANZ.

“Following 15 quarters of continued revenue growth in our ANZ business, we are excited to see the combination of the two businesses to create a distinct regional market leader,” Adel Al-Saleh, CEO of NGA Human Resources, said. “Over the years, we have focused relentlessly on client satisfaction and technology innovation, which now allows the combined businesses to claim market leadership in the Australia and New Zealand region. We are looking forward to working with Ascender in delivering regional payroll solutions to our global enterprise clients as part of our NGA Global Payroll offering.”

This acquisition is aligned to Ascender’s 2020 strategy to become an Asia-Pacific leader in payroll and HR services. As part of the transaction, Ascender will ensure continuity of the acquired payroll operations, service agreements and software development. Furthermore, following the transaction, NGA HR’s Australia and New Zealand President Marjukka Maki-Hokkonen has been appointed CEO of Ascender and will lead the combined businesses.

“This is an exciting opportunity which will allow us to claim the top spot in Australia and New Zealand, building on Ascender’s existing market-leading position in Asia,” Maki-Hokkonen said. “This transaction provides continuity and innovation to clients, and expanded career development opportunities to employees.”

“This transaction is an important milestone for Ascender and I am looking forward to the long-term strategic partnership with NGA HR,” Andrew Gray, Managing Director of Potentia and Chairman of Ascender’s board, said. “I am thrilled that Marjukka will be leading the combined business. Marjukka’s 15 years’ leadership experience in the industry along with her strong track record and relentless focus on customer satisfaction mean this is exciting news for our clients, partners and employees. We have no doubt she is going to be an exceptional leader through Ascender’s next stage of growth”.

According to Ascender, the transaction will create the market leader in HR & payroll software and services in ANZ and the Asia-Pacific region, servicing over 3,000 clients and over 1.7m employees.

No further financial details were disclosed.

Source:: Australia – Ascender acquires NGA HR Australia and New Zealand


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