Exact is acquiring Officient, the Belgian HR software provider. This acquisition – which follows last week’s high-profile acquisition of Unit4 Bedrijfssoftware – will allow Exact to offer a broader suite of integrated solutions with the addition of automated HR process support.
All HR tasks in one system
Officient makes it possible to manage HR tasks within a single cloud platform. These varied tasks include rewards, resourcing contracts, time off, vehicle fleet, assessments and employee data. These integrated processes allow businesses to become more agile as HR tasks can be coordinated efficiently without the need for complicated links between systems.
Phill Robinson, CEO of Exact, says: “In recent years, Exact has enhanced its online payroll solutions with many new features. However, we have seen increasing demand from customers looking for a solution that can addresses all their HR administration and processing needs. With Officient, we found the perfect partner to address this and have been impressed by how quickly they have attracted their impressive client base. This acquisition fits well with our strategy to grow through a combination of organic development and integration of acquired products. It builds on our presence in Belgium and follows on from our acquisition in December last year, of Belgian accounting and business management software company WinBooks.”
Michiel Bearelle, co-founder at Officient: “We are very excited to become part of the Exact Group as this will allow us to innovate and grow at a faster pace. Our ambition to become the ‘natural choice’ provider of HR software in the Benelux in the coming years is a vision that Exact shares. Our combined product portfolio and market knowledge, together with Exact’s established market position, will help make Officient an even bigger success story in the coming years. We are delighted to continue to lead Officient as founders together with our employees, partners and customers.”
Filip Baptist, CEO of HR service provider Securex, on their existing partnership with Officient: “Our SME customers and partners, such as bookkeepers and accountants, can continue to rely on the unique software solutions that we offer to them. Thanks to Exact, they will soon be able to go even further, with an even broader integrated view of their HR processes, payroll management and financial administration in a single system. Our successful partnership with Officient will continue to ensure that Securex remains the best-placed HR service provider in Belgium.”
HR must become more agile
Officient is a young and innovative company that has responded rapidly to changing HR trends. Officient has integrated with many payroll providers in Belgium and has similar arrangements with providers in the Netherlands and Luxemburg.
In just three years, Officient has acquired more than 4,000 clients, that in turn, provide HR services to over 35,000 employees.