Zellis
Deal News | Jan 14, 2025 | Business Cloud
Bristol-based technology firm Zellis has acquired AI-powered HR software company elementsuite, which is headquartered in Watford. The acquisition, for which the financial details were not disclosed, integrates elementsuite's HR suite—servicing major enterprises like McDonald's and Five Guys—into Zellis's payroll and HR platform. Abigail Vaughan, CEO of Zellis Business Unit, expressed enthusiasm about the opportunities this acquisition presents in enhancing service offerings by combining their AI capabilities and talent pools. Steve Elcock, CEO and founder of elementsuite, highlighted the potential to broaden the reach and impact of their technology under the Zellis umbrella. Zellis's move is aimed at fortifying its AI capabilities and expanding its HR suite's scope.
Sectors
- Technology
- Human Resources
- Artificial Intelligence
Geography
- United Kingdom – Zellis is based in Bristol and elementsuite in Watford, both located in the UK.
Industry
- Technology – The acquisition involves tech firms focused on AI-powered HR software and platforms.
- Human Resources – Elementsuite delivers HR solutions, and Zellis is a payroll and HR platform provider.
- Artificial Intelligence – Both companies are leveraging AI technologies in their HR and payroll solutions.
Financials
- Undisclosed – The financial terms of the acquisition were not disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Zellis | Acquiring Company | Company | A Bristol-based payroll and HR platform provider. |
| elementsuite | Target Company | Company | An AI-powered HR software company based in Watford. |
| Abigail Vaughan | CEO of Zellis Business Unit | Person | CEO at Zellis, who commented on the acquisition benefits. |
| Steve Elcock | CEO of elementsuite | Person | CEO and founder of elementsuite, who praised the acquisition. |