Zellis, part of the Zellis Group, today announces a definitive agreement to acquire elementsuite, an AI enabled HR software company. As part of the transaction, elementsuite will be combined with Zellis, the largest provider of payroll and HR software to the UK and Ireland, creating an end-to-end AI-powered HR and Payroll platform.
Zellis and elementsuite will become one company, bringing together elementsuite’s AI enabled HR (human resources) and WFM (workforce management) suite with Zellis’ Payroll and HR platform. The combined offering will provide Zellis’ customers with additional HR functionality and deliver elementsuite’s customers access to Zellis’ payroll technology, allowing customers of both businesses to benefit from a full HR and payroll suite.
elementsuite is an AI enabled HR and WFM software company that delivers a HR suite to manage the full employee lifecycle, servicing enterprises including McDonald’s and Five Guys.
In June, Zellis launched HCM AIR (AI enabled and Realtime) that provides cutting-edge AI and Realtime payroll to enhance functionality and create exceptional employee experiences. This acquisition further builds on Zellis’ existing AI capabilities and extends it across a full HR suite.
Abigail Vaughan, CEO of Zellis Business Unit, said: “We’re excited by the opportunity that this combination brings for new and existing customers of both elementsuite and Zellis. Bringing together the depth of talent across both businesses and combining the strength of elementsuite’s HR and AI capabilities with Zellis’ payroll, HR and AI capabilities will deliver even more value to our combined customers.”
Steve Elcock, CEO/Founder of elementsuite, commented: “We are incredibly proud of the AI enabled HR suite we have developed in recent years and, with the support of Zellis, are looking forward to bringing the benefits of our technology to more businesses. Zellis’ leadership in payroll will further enhance our overall offering and will help us better meet market demand.”
The transaction is subject to customary closing conditions and financial terms were not disclosed.
