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.
- 3,000 firms
Outsource Accelerator is the trusted source of independent information, advisory and expert implementation of Business Process Outsourcing (BPO)
The #1 outsourcing authority
Outsource Accelerator offers the world’s leading aggregator marketplace for outsourcing. It specifically provides the conduit between Philippines outsourcing suppliers and the businesses – clients – across the globe.
The Outsource Accelerator website has over 5,000 articles, 350+ podcast episodes, and a comprehensive directory with 900+ BPO companies… all designed to make it easier for clients to learn about – and engage with – outsourcing.
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.
Outsource Accelerator in the mediaSee all media mentions
- Outsourcing industry “absolutely booming”
- Outsourcing industry recovery could be starting, survey indicates
- Doom or boom faces the IT-BPM industry (part 2)
- Bright future for outsourcing
- The Chinese Antidote to a Covid-battered Philippines
- The Philippine IT BPM Industry: Your Tool for Business Recovery and Continuity
- BPO industry in Philippines seen benefitting as firms abroad cut costs due to pandemic