Kronos acquires SaaShr.com
Mar 29, 2012 (Datamonitor Financial Deals Tracker via COMTEX) --
Kronos Incorporated, a provider of workforce management solutions, has acquired SaaShr.com LLC, a provider of software-as-a-service (SaaS) workforce management suite for small and midsize businesses, in a cash transaction. Both the companies are based in the US.
As part of the transaction, Kronos has also acquired WebApps, Inc., the parent company of SaaShr.com.
Deal Type Acquisition
Sub-Category Majority Acquisition
Deal Status Completed: 2012-03-28
Target 1 (Company) SaaShr.com, LLC
Target 2 (Company) WebApps, Inc.
Acquirer (Company) Kronos Incorporated
The acquisition will significantly broadened Kronos product portfolio and gained access to a network of partners and resellers.
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