Original URL: http://www.channelregister.co.uk/2007/04/25/northgate_purchases_confidential_payroll/
Payroll software giant Northgate HR has continued its acquisition strategy with the purchase of Confidential Payroll.
In a deal understood to be worth more than €1.5m, the acquisition follows the recent buy-outs of Irish time and attendance (T&A) software firm Engage Technology, and Link HR Systems.
Speaking with ENN, Northgate managing director Niall Doherty said the company has plans to continue its expansion through organic growth and more acquisitions.
"There will be more in 2007 and we're constantly looking out for possible acquisitions," he said, adding that he was looking at the payroll, HR, and outsourcing sectors. "There are companies on the horizon."
Northgate is flexing its muscles in the Irish HR software business, and wants to emulate the success of its British parent, publicly-listed Northgate Information Systems, which now considers itself third placed in the UK market behind SAP and Oracle.
Northgate's Irish operation has grown considerably since 2004 when it employed 20 full-time staff, to its current headcount of 60 in Belfast, Dublin and Cork. Last year Northgate HR processed over €5bn in salaries in Ireland.
The latest acquisition of Confidential Payroll brings clients such as the Eastern Health Board, Galxo Dublin, City Jet, and Caledonian Life & Pensions into the Northgate fold. Confidential Payroll's 13 staff will also be joining Northgate HR.
The Northgate Group operates across the globe, with operations in Europe, Australasia, North America and in Africa. It is currently working on a multi-jurisdictional software system for large companies with several currencies on their payrolls.
Northgate Information Systems has revenues of €493m and employs more than 3,500 staff worldwide.
Copyright © 2007, ENN (http://www.enn.ie/)
Northgate lands mobile deals (6 February 2008)
http://www.channelregister.co.uk/2008/02/06/northgate_housing_mobile_contracts/
Private equity firm snaps up Northgate (21 December 2007)
http://www.channelregister.co.uk/2007/12/21/kholberg_kravis_roberts_buys_northgate/
Northgate details election business manifesto (6 November 2007)
http://www.theregister.co.uk/2007/11/06/northgate_election_business/
Northgate continues shopping spree (3 May 2007)
http://www.channelregister.co.uk/2007/05/03/northgate_buys_kendric_ash/
Payroll specialist fails to pay staff (27 April 2007)
http://www.channelregister.co.uk/2007/04/27/northgate_pay_booboo/
Northgate wins lucrative public sector contract (5 January 2007)
http://www.channelregister.co.uk/2007/01/05/northgate_wins_public_sector_contract/
Northgate expects education bonanza (6 July 2006)
http://www.channelregister.co.uk/2006/07/06/northgate_postfire/
BT in £50m contract with NI government (7 June 2006)
http://www.channelregister.co.uk/2006/06/07/bt_ni_contract/
Northgate, Dixons rocked by oil depot blast (12 December 2005)
http://www.channelregister.co.uk/2005/12/12/oil_blast_northgate/
© Copyright 2008