Paychex, Inc. is set to acquire Florida-based Oasis Outsourcing Acquisition Corporation for US$1.2 billion in cash. Its multiple revenue streams, cost synergies, and expansion of professional employer organization (PEO) sales and human resource (HR) outsourcing and technology-enabled services, are the key assets driving the purchase. According to Zacks, an investment research firm, the purchase could boost Paychex’s total service revenues, which make up 98% of total revenues, by up to 9% year on year, in the first quarter of 2019. Paychex is a provider of integrated human capital management solutions for payroll, HR, retirement and insurance services. Oasis is one of the largest privately-owned PEOs in the United States and a leading provider of HR outsourcing services.
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About Derek Gallimore
Derek Gallimore has been in business for 20 years, outsourcing for over eight years, and has been living in Manila (the heart of global outsourcing) since 2014. Derek is the founder and CEO of Outsource Accelerator, and is regarded as a leading expert on all things outsourcing.
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