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Ascentis Acquires Cincinnati Time SystemsAscentis, a leading provider of cloud-based human capital management solutions, today announced the acquisition of Cincinnati Time Systems. This acquisition, along with Ascentis' recent acquisition of California-based NOVAtime, serves to not only strengthen Ascentis' domain expertise in health care, facility services, staffing and manufacturing industries, but also grows Ascentis' Midwest presence, further accelerating the growth of the company and its workforce management direct client base initiatives. "We are thrilled to have Cincinnati Time Systems join the Ascentis family. As a leader in time and workforce management solutions for more than a century, Cincinnati Time Systems shares our passion to provide the most advanced HCM technology solutions, and commitment to be the best in breed in client service," said Brian Provost, CEO, Ascentis. Combined, Ascentis is better positioned to deliver unsurpassed HCM support and solutions that address each client's individual needs. Additionally, the company has established itself as one of the few HCM providers to provide clients the flexibility to choose, integrate and deploy modules and capabilities n order of importance for each organization. "The ability to work with Ascentis' and NOVAtime's incredible teams, developing synergies and increasing efficiencies were major attractions to joining forces with Ascentis," said Mike Lahm, owner and president, Cincinnati Time Systems. "The acquisition enables us to leverage Ascentis' scale and flexibility in HCM offerings. It also provides Cincinnati Time Systems' clients with Ascentis' full suite of technology solutions to meet a wider range of HCM needs, while continuing to provide the unmatched client service Cincinnati Time Systems is known for." Provost continued, "For over 18 years, Cincinnati Time Systems has worked closely with NOVAtime, acting as its trusted workforce management service arm. With Ascentis locations in Minneapolis, the Los Angeles area, Sacramento and now Cincinnati, this acquisition enables us to reach a new geographic market while building upon previous business alliances. Cincinnati Time Systems' unparalleled service track record elevates and advances Ascentis' relentless pursuit to deliver the most compelling client experience in the market." Headquartered in Minneapolis, Minnesota, Ascentis has a workforce of more than 400 employees and a roster of nearly 5,000 clients across a variety of industries, including the public sector. About Ascentis Ascentis helps organizations improve their human resources and payroll functions by offering an all-in-one human capital management solutions suite, supported with a first-of-its-kind client centric service model. Recruiting, HRIS, benefits administration, performance and learning management, payroll and workforce management modules work independently or together to meet the needs of each client, wherever they are in the HCM journey. Ascentis enables mid to large size companies to maximize management of their best asset - their people! About Cincinnati Time Systems As a pioneer in the workforce management industry since 1896, Cincinnati Time Systems is a premier supplier of cloud-based time management and workplace security solutions. Our wide range solutions are affordable, powerful, flexible, reliable and quick to deploy. Whether companies are looking to optimize and manage employee costs, secure their facility or comply with federal and state labor laws, Cincinnati Time Systems has a solution to help.
View source version on businesswire.com: https://www.businesswire.com/news/home/20181211005151/en/ |
