Acquisition Will Enable Small- and Medium-Sized Businesses to More Easily and Cost-Effectively Manage their Workforces with a Broader Set of Innovative and Integrated Solutions
January 09, 2018—Salt Lake City—SwipeClock LLC today announced it has acquired Shugo, a leader in providing innovative SaaS-based workforce products and services for small- and medium-sized businesses. The acquisition enables SwipeClock to broaden its workforce management offerings and provide channel partners and their clients with additional solutions that make managing workforces easier and more cost effective.
“As a long-time integration partner that has been closely aligned with SwipeClock’s mission, we are excited to acquire Shugo,” said Coleman Barney, CEO of SwipeClock. “Because we have tremendous overlap with Shugo’s sales channel, a shared customer base, and solutions that are already integrated, this acquisition is a clear fit for both companies. Additionally, SwipeClock can now help our sizeable installed base of partners and clients better manage their workforces by delivering a more unified and complete solution.”
A Natural Fit
Shugo is a natural fit with SwipeClock’s goal to expand the number of innovative workforce management solutions it offers to small- and medium-sized businesses beyond scheduling and timekeeping. Shugo’s product line includes an intuitive and customizable employee portal with punch clock, access to payroll information, company communications and alerts, a company directory, and options for HR tasks and workflow processes. The combined product offerings will enable SwipeClock to offer an even more powerful and intuitive employee and manager portal that already has wide adoption across both companies’ customer bases.
Shugo has focused on integrating its solutions with payroll software products and building a distribution channel using payroll service bureaus, both important facets of SwipeClock’s growth objectives. Finally, Shugo’s expertise in unifying user interfaces and providing an innovative set of products and services that employers and employees want to use is key for SwipeClock to become a more complete workforce management solution provider.
Terms of the acquisition were not disclosed.
About SwipeClock
SwipeClock is a leader in simple and affordable workforce management services. Our more than 1,000 partners have empowered more than 30,000 businesses to reduce labor costs, comply with regulatory mandates, and maximize profits. SwipeClock cloud products (WorkforceHub, TimeWorksPlus, TimeSimplicity) and hardware clocks (TimeWorksTouch) provide instant employee access to automated timekeeping, scheduling, leave management, HR dashboards, and other HR resources. With SwipeClock, employers transform labor from a cost of doing business to a competitive advantage.
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