Recap of HCM 2012 M&A transactions YTD

1. HR / HCM M&A Transactions Recap 2012
The marketplace for workforce management software and related BPO including content, software, services, and
outsourcing solutions consists of thousands of firms worldwide. However, by function and by industry leaders do exist.
Leaders are paying hefty premiums to expand their geographic and social footprint.
Transaction
Type, Revenue
Transaction
Date Company Name Industry & Deal Description & Details Acquired Company Multiple,
Size
Revenue,
Valuation
October
Appirio HR Consulting Knowledge Infusion - -
2012
August HR Software
IBM KeneXa $1.3b -
2012 Social
The Corporate
July
Executive Board HR Content: Assessments SHL Group $660M -
2012
Company
June
MSFT HR Software Yammer $1.2b -
2012
June - -
Vista Equity Partners Recruiting Software Bullhorn
2012
May - -
BenefitMall HR Software & Payroll & Benefits CompuPay
2012
May ~3.8x Revenue
IBM Compensation Varicent Software -
2012 Multiple
April
StepStone HR Employment TotalJobs Group $173M -
2012
April 2.8X revenue
Alere Screening & Assessment eScreen $340M
2012 multiple
Smart Computer Holdings - -
healthcare workforce management company operating in
and its affiliate Smart
April Europe
Kronos Human Logistics,
2012
HR Software
March SaaShr offers a software-as-a-service (SaaS) workforce Cash
Kronos SaaSHR -
2012 management suite for small and midsize businesses transaction
(SMBs).
HR Software
March
Saba Software Cloud technologies Human Concepts - -
2012
March
Cornerstone HRSoftware Sonar6 $33.8M -
2012
HR Software
3.9X revenue
cloud workforce management solutions.
March headquarters in England and offices in North America and Australia, the Workpalce Systems multiple
LDC $63.4M
2012 company has a blue-chip client list including, BAE Systems, BBC, British International 84.9X EBITDA
Airways, E.ON Energy Services, Eurostar, H&M, Manpower, RAC Motoring multiple
Services, Severn Trent Water, Tetley, Wickes and World Duty Free.
February Talent Technology
HR Software HR Integrations LLC - -
2012 Corp
February 30X revenue
SalesForce.com HR Software Rypple (now Work.com) $60M
2012 multiple
~5.7X LTM
Revenue and
2-9-12 Oracle HR Software Taleo $1.9B
60.9X LTM
Ebitda multiple
February
SAP HR Software SuccessFactors $3.4B -
2012
January
Ceridian Corporation Workforce Management HRMS Dayforce - -
2012
Ephor Group | 1-(800) 379-9330 | www.ephorgroup.com | 24 E. Greenway Plaza Suite 440 | Houston, TX 77046