News Contact Us

Alight announces acquisition of NGA HR to expand global footprint

Author : Paroma Bhattacharya | Published Date : 2019-08-24 
  • The company is in talks to acquire one of the largest global payroll and HR solutions providers, NGA Human Resources.
  • Acquisition is expected to expand the company's global market with offering the clients a broader spectrum of cloud-based solutions.

Human Capital and benefit administration solutions company, Alight Solutions has reportedly announced signing a definitive agreement for the acquisition of a leading provider of digital HR and multi-country payroll services, NGA Human Resources.

It has been claimed that the acquisition would widen the company's reach in the global market along with providing its clients a broader set of cloud-based solutions globally.

For the uninitiated, NGA HR since the last 50 years has being introducing innovation, high-quality service, HR and payroll excellence to over more than 250 of its clients. In addition to that, it can offer its services across more than 188 countries.

Apparently, the financial terms regarding the acquisition have not yet been disclosed form the either parties. As per trusted reports, Goldman Sachs International has been claimed to be acting as an exclusive financial advisor to the NGA HR

Speaking about the acquisition, Chris Michalak, the CEO of Alight cited that with the momentous development of the company in terms of wealth, HCM and financial solutions, bringing on board the team of NGA HR would allow it to expand the area of solutions it delivers for the users across the globe along with its superior technology serving its clients in every geography they operate.

Meanwhile, the CEO of NGA HR, Andy Monshow reportedly stated that adding the company's capabilities and proficiency to Alight would allow it to establish the respective strengths and deliver greater values to the clients. Additionally, the company is looking forward for the exciting and advanced opportunities with the acquisition.

For the records, Illinois based Alight Solutions was formed in 2017 and is currently serving as a leading global provider of human capital solutions by supporting the clients navigate the difficulty of health, wealth, and Human Resources. The company combines data-driven, customer-centered technology with personalized care to serve a robust customer experience.

Source credit: https://alight.com/our-story/newsroom/alight-to-acquire-nga-human-resources

About Author

Paroma Bhattacharya

Paroma Bhattacharya

Paroma Bhattacharya, having completed her post-graduation in Journalism and Mass Communication, started her career in writing with resourceful and informative content development across diverse fields. Having dealt in myriad topics ranging from business to real estate, she now pens down articles for fractovia.org and other portals. She can be contacted at- [email protected] | https://twitter.com/paromab1

Related News

LVMH discusses a potential takeover of Tiffany for $14.5 billion

Published Date: 2019-10-29         Author: Paroma Bhattacharya

LVMH, one of the biggest luxury goods conglomerates in the world recently revealed that it is planning a takeover of the American luxury jewelry company, Tiffany & Co. Both the companies confirmed in separate statements that a takeover bid is being reviewed and a price of nearly $14.5 billion is... Read More

MariMed expands its presence by signing a licensing deal with Tropizen

Published Date: 2019-10-26         Author: Paroma Bhattacharya

Marijuana has always been classified as a Schedule I drug in the U.S., putting it in the same category as ecstasy, heroin and LSD, with an argument that it is a substance that can be abused and lacks medical value. But recent reports have revealed that Cannabis contains many medicinal properties ... Read More

MarginEdge raises $5M in Series A round led by Osage Ventures, IGC

Published Date: 2019-10-25         Author: Paroma Bhattacharya

The new investment will help MarginEdge form new alliances and expand geographically   This has boosted MarginEdge’s valuation to $10.4 million, the highest since its launch in 2015 Restaurant software platform developer MarginEdge has reportedly managed to raise $5 million in... Read More

© 2020 Fractovia. All Rights Reserved