Employer.com Secures Future of Bench Accounting with Strategic Acquisition

Deal News | Dec 31, 2024 | EIN

Employer.com Secures Future of Bench Accounting with Strategic Acquisition

Employer.com, a leading provider of workforce management and business solutions, has announced its acquisition of Bench Accounting, a renowned provider of bookkeeping services and financial solutions for small businesses across North America. This strategic move comes in the wake of Bench's recent suspension of operations, but Employer.com ensures a smooth transition and continuity for Bench’s customers. The acquisition allows Bench to retain its expert bookkeepers and platform, ensuring data security and service stability. Employer.com views this acquisition as an opportunity to merge Bench's capabilities into its existing suite, thereby enhancing value for Bench's clientele and strengthening its own offerings. The company emphasizes its commitment to supporting small enterprises with tailored services by integrating Bench’s technology. Employer.com positions this acquisition not merely as a transaction but as a partnership aiming to redefine workforce and financial management, highlighted by shared values of innovation and customer success.

Sectors

  • Workforce Management
  • Bookkeeping and Financial Services

Geography

  • North America – Both Employer.com and Bench Accounting serve customers across North America, focusing on supporting small businesses within this region.

Industry

  • Workforce Management – Employer.com operates in workforce management, providing businesses with solutions to enhance operations and productivity.
  • Bookkeeping and Financial Services – Bench Accounting specializes in bookkeeping and financial services tailored for small businesses, making this acquisition relevant to the sector.

Financials

    Participants

    NameRoleTypeDescription
    Employer.comAcquirerCompanyA leader in workforce management and business solutions, focusing on innovation and customer success.
    Bench AccountingTarget companyCompanyA premier provider of bookkeeping services and financial solutions for small businesses.
    Jesse TinsleyCEOPersonCEO of Employer.com, overseeing the strategic acquisition of Bench Accounting.
    Jennifer BouyoukosChief People OfficerPersonChief People Officer at Bench Accounting, involved in the transition process with Employer.com.
    Matt CharneyCMOPersonChief Marketing Officer at Employer.com, responsible for communications.