202130 Nov

AbsenceSoft Expands Leadership Position in the Absence Management Market with Presagia Acquisition

Summary

The combined entity creates an opportunity to provide a comprehensive, powerful and easy-to-use absence management platform with extensive compliance, automation, integration and analytics capabilities. “As a united company, we are in a better position to keep pace with the high demand for our solution, provide a superior customer experience, and increase innovation across our product offerings,” said John Huettel, president and CEO of AbsenceSoft. “To have an edge in a competitive job market, companies and TPAs are looking for every opportunity to elevate employee satisfaction, particularly in potentially stressful situations like taking a leave or longer-term absence,” said Rene Beaudoin, CEO of Presagia. “By joining forces with AbsenceSoft, we will be able to help even more companies manage employee absences and leaves, drive efficiency and stay compliant with scalable, enterprise grade software.” Hennepin Partners was the exclusive financial advisor to Presagia. With AbsenceSoft, companies can process leaves 10 times faster than traditional methods, while ensuring compliance with the myriad of federal and state regulations.

Source: Prweb

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Companies