Salary.com to Acquire Genesys Software Systems - Waltham, MA
Salary.com, a Waltham-based developer of employee compensation and talent management software, has signed an agreement to acquire Genesys Software Systems, a privately held, Methuen, Mass.-based provider of human resource management systems (HRMS), benefits and payroll services. The deal was priced at about $6.8 million. Genesys currently services more than 1.6 million people throughout North America and had approximately $8 million in revenue for the 12 months ended June 30, 2008. The company was founded in 1981.