HR Path announced today that they have entered into a definitive agreement under which HR Path will acquire 100% of Ataraxis, a Workday service partner since 2012, headquartered in Belgium and operating in the Netherlands, United Kingdom, Spain and France.
Workday is one of the leading providers of enterprise cloud applications for finance and human resources and is a system that enables organizations to make faster decisions, gain operational visibility, prepare for future talent shifts, and build effective teams.
Ataraxis will become the dedicated Workday practice of HR Path and their senior management team, Tom Hillen, Wouter Van den Avont and Jan Snyers will invest in HR Path and become HR Path Partners.
“We are proud to announce our strategic alliance with HR Path, an existing Workday service partner and a global leader in HR and HRIS solutions as it allows us to reinforce our positioning and capabilities and become a major Workday player.
HR Path’s broad range of experience in implementing HRIS system especially, business consulting and BPO on Payroll, will further strengthen our operations.
Ataraxis also brings finance certification on Workday products that will enable HR Path to address the full Workday platform implementations (HCM, Payroll & Finance),” said Tom Hillen, CEO, Ataraxis.
“HR Path is currently present in 15 countries and as we continue to build our global experience and partnerships, our cloud-based HCM practice will do so at an accelerated rate as this acquisition will now position us to become an international Workday partner.
We’re already present in the US and Canada since July 2011, through the recent acquisition of Avenue HR, a recognized expert in HR Cloud Solutions. Ataraxis and Avenue HR are strategic investments which will help HR Path reinforce its global position.
We are now ready and equipped with a large team of certified and experienced Workday consultants to immediately address our customers’ needs and projects. This would have taken us at least three to five years to conduct this same certification and training without Ataraxis. We are closer to achieving our €100 million revenue milestone target in the very near future and we endeavor to stay on course.
Another major reason why we chose Ataraxis is the similarity in culture that we share. which is based on taking excellent care of our talented employees and supporting them in delivering exceptional results to our customers as we are recognized by the market for our exceptional customer service quality.” said Marc Garrido, Partner and Executive Board Member, HR Path.
About HR Path:
HR Path, a global human resource leader, which offers comprehensive services ranging from strategic thinking to the deployment of integrated tools in the field of human resource global HR solutions specialist. From strategic thinking to the deployment of software integrated, they offer complete solution within the field of Human Resources.
HR Path has four (4) business lines:
- HR and HRIS Business Consulting
- HRIS Implementation Oracle, SAP HCM, Workday
- Outsourcing of HR solutions and services
- Design and Distribution of HR Software (“BiHRdy”)
The group, established in 2001, has over 700 employees, supports more than 1,200 clients and generates over €80 million in revenue. Headquartered in Paris, HR Path also has international subsidiaries in 15 different countries.
Ataraxis has many years of experience in implementing ERP solutions and has in the past 5 years successfully brought this experience forward into the world of implementing SaaS.
Ataraxis implements both HR and Financial Cloud solutions and differentiates itself by its in depth European – expertise.
Our comprehensive services cover the full lifecycle of cloud systems implementation services, support and maintenance services and client augmentation services.
Ataraxis has a vast experience in dealing with the complexity of HR and Finance in large, multi-country, multi-language, multi-currency environments and the way this impacts the system setup of its customers.
Vice President, Marketing and Communication HR Path