MILWAUKEE, Oct. 11, 2017 (GLOBE NEWSWIRE) -- Today Zywave, Inc., a leading provider of software-as-a-service (SaaS) solutions for the insurance industry, announced that it has completed the acquisition of HR360, a provider of HR and benefits compliance software for brokers, payroll companies, private employer organizations (PEOs) and employers. As part of the agreement, HR360 customers will become new Zywave partners and HR360 products will become part of the Zywave product suite.
Founders of HR360, Lillian Shapiro and Tom Ceconi, will join Zywave leadership to further develop HR360 and Zywave business operations.
“We have long admired HR360 and respect their reputation in the broker market. Together, HR360 and Zywave become an even more powerful and comprehensive solution for brokers of all sizes to compete,” says Krissy Fischer, Zywave Senior Vice President of Operations. “Lillian and Tom have built an impressive presence in the broker space, and we’re excited to work with them to expand that reach. With them, we look forward to welcoming HR360’s 2,000 customers into the Zywave family.”
Jim Lindner, Zywave CEO, adds, “The addition of HR360, and of Lillian and Tom with their associates and customers, will be a great combo with us and will enable us to serve our customers better than ever before.”
Founded by entrepreneurs Lillian Shapiro and Tom Ceconi, HR360 was developed to streamline everything employee related and to navigate the complex world of employee benefits and human resources. With a series of products supporting brokers and employers, HR360 helps to simplify the HR process, prevent potential employee lawsuits, save business owners time and allow them to focus on what they do best–growing their businesses.
“This acquisition brings together two companies that have worked tirelessly to support insurance brokers and their clients through innovative technology,” says Lillian Shapiro, co-founder and President of HR360. “We’re excited to expand and bring our business to new levels and to become part of the Zywave team. HR360 and Zywave will work to leverage one another’s expertise and experience, so that together we can serve the broker community with the best of both businesses.”
Zywave is a leading provider of software-as-a-service (SaaS) technology solutions for the insurance industry. The company’s products include web-enabled marketing communications, business intelligence and analytics, client resource portals and agency management tools. More than 3,500 brokerages worldwide—including 93 of the top 100 U.S. insurance firms—use Zywave’s proven solutions to differentiate themselves from the competition, enhance client services, improve efficiencies and achieve organic growth. Additional information about Zywave can be found at www.zywave.com.
HR360 is an SaaS platform that provides comprehensive, easy-to-navigate human resource and benefits compliance guidance and news on both federal and state HR laws. Written and maintained by a team of attorneys, HR360's HR library enables employers to successfully manage their employees while complying with ever-changing employment and benefits laws. HR360 also features a variety of interactive HR tools, including a Job Description Builder, Employee Handbook Builder and a Benefits Notices Generator. Additional information about HR360 can be found at www.HR360.com.
HR360 was advised by CoView Capital, Inc. in the sale of the business.
About CoView Capital, Inc.
CoView Capital, Inc., an investment banking firm specializing in middle-market mergers and acquisitions and private placements, advised HR360 on the transaction. CoView Capital is based in New York City.
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