Access acquires CoreHR and People, and establishes Access People Division
The Access Group is making huge investments into the human capital management software market following the acquisition of CoreHR, a provider of HR and payroll software for mid-market and enterprise-level businesses in the UK and Ireland.
This follows soon after the group’s acquisition of People, a provider of HR software to small and medium enterprises (SME).
Access hopes both these acquisitions will establish itself as one of the leading suppliers of human capital management software, as well as enable it to penetrate the Irish market with Access Workspace.
CoreHR’s solution set, which includes people management, payroll, workforce management, recruitment, talent management and learning, will be made available through the Access Workspace platform – a cloud-based platform that delivers a suite of business solutions enabling collaboration and communication across the entire workplace.
The combination of these HCM focused assets will form the Access People Division and Dean Forbes, the current CEO of CoreHR, will become its President.
CoreHR’s HR software currently serves more than 270 customers with 1 million users, including the likes of Aston Villa, Cineworld, JD Sports, Rank Group and the University of Oxford.
Chris Bayne, CEO of Access: “The European HCM and Payroll market is worth $5.2Bn with just under half of this market being served by pure SaaS solutions with an impressive growth rate of over 15%. CoreHR is a key player in this space and adds significant scope for Access to deliver even more solutions, to a broader range of organisations, across multiple markets, in particular allowing us to bring Access Workspace to the Irish market. The combined HCM offerings, Access can now deliver, will further strengthen our ability to take a bigger share of this growing market over the coming years, with our goal to double the current revenues by the end of our 2024 financial year.”
Dean Forbes, CEO of CoreHR: “Over the past 36 years CoreHR has created a world class Human Capital Management system, built on the expertise of our people, in partnership with our customers that delivers real value. When we met the team at Access we recognised the opportunity to provide an excellent home for our customers, solutions and the team at CoreHR, as we step into our next stage of growth. Access is fully committed to help us further enhance the depth and range of our products directly and via connectivity to the Access Workspace Suite of solutions. We are excited to be joining Access as part of the newly formed Access People Division and everyone in the team from Access and CoreHR are fully committed to helping make Access the company of choice for HCM, HR and Payroll solutions.”