PLYMOUTH, MA 9/13/13 – FW Davison & Company, developer of the HRPyramid enterprise system for the human resource outsourcing (HRO) industry, today announced that it has acquired privately-held OpenNotus, developer of cloud-based human capital management solutions.
“Several years ago, we partnered with OpenNotus to develop our employee onboarding and benefit enrollment automation products,” said Craig Babigian, Executive Vice President of F.W. Davison & Company. “Today, over 25% of HRPyramid clients use these products, indicating how integral they have become to the HRPyramid product line. The time was right to align strategies and accelerate development.”
Davison has retained the innovation of the OpenNotus team and is in the process of bringing on new resources to further refine the development and support of OpenNotus’ suite of products. OpenNotus’ “OnHRP” employee onboarding system enables companies to automate the capturing of critical new hire information, while at the same time, guide the new employee through the potentially complicated onboarding process. The “OnHRP” benefit enrollment product is a “self-service” tool that guides employees through the open enrollment process, and captures and passes data seamlessly into HRPyramid. The “Carrier Connect” benefit carrier file management bridges the gap between employers and insurance carriers by automating the transfer of employee detail records.
“Client-facing functions such as employee onboarding and benefits enrollment components have become a critical capability for HRO’s in recent years due to the outsourcing customer’s increasing demand for direct-touch access to the HRO’s HRIS (Human Resources Information System),” said Fred Davison, President & CEO of F.W. Davison & Company. “This acquisition will allow us to accelerate our investment in the industry, and bring other customer-facing capabilities to market, supporting our long-term strategy to be the leading enterprise HRIS platform for the HRO industry.”
FW Davison & Company
FW Davison & Company creates exceptional software and services, empowering human resource outsourcing service providers such as Professional Employer Organizations (PEOs) and Administrative Service Organizations (ASOs) to deliver world-class HR, benefits, and payroll to small and medium-sized businesses. PrismHR powers more than 80,000 organizations, delivering payroll, benefits, and HR to greater than 2 million worksite employees and processing over $55 billion in payroll each year. For more information, visit www.prismhr.com.
Founded in 2009, OpenNotus develops highly configurable SaaS-based human capital management solutions that automate benefits enrollment, employee onboarding and benefits carrier file management for a seamless information flow to and from human resources information systems (HRIS).
Jonathan Wall, Vice President, Marketing
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