WorkforceLogic Delivers `One-stop Shop' for Human Resources Management
WorkforceLogic and ABE Services Merge Companies to Create the Most Comprehensive Workforce Management Solutions Company in United States
Sonoma, Calif. April 3, 2006 - As companies seek to streamline their human resources administration and meet compliance requirements, WorkforceLogic and ABE Services today announced the merger of the two companies to create a 'one-stop shop' for HR departments that need comprehensive workforce management solutions.
Both WorkforceLogic and ABE Services are already operating divisions of the Nelson Family of Companies and dominant leaders in workforce management with customers including Harley Davidson, Hitachi Data Systems, Barclays Global Investors, Yahoo! and other leading companies. ABE Services was founded in 1994 and has grown to become one of the largest 1099 risk management and payrolling companies in the U.S.; WorkforceLogic was founded in 2000 and is best known for its vendor management system (VMS) for contingent workforce management. The integrated company will combine services and consolidate back-office operations to create a one-stop workforce management company with broad range of services and software solutions ranging from strategic assessments of how to manage and optimize a company's workforce, solution definition and delivery, such as 1099 compliance and risk analysis, full supplier management and services, and payroll processing systems.
The new company will retain the WorkforceLogic brand and will have presence in all 50 States and Canada, as well as internationally. The company will be headquartered at Nelson's corporate offices in Sonoma, California. WorkforceLogic projects annual revenues of approximately $240 million in 2006.
"Nearly a decade ago we set out to help companies better manage their workforce as a strategic asset," said Gary Nelson, Chairman and CEO of the Nelson Family of Companies. "The Nelson Family of Companies invested in developing software technology and services to deliver on that promise and has built two great companies in the process. Now with the merging of WorkforceLogic and ABE Services we are giving our customers the best of both companies and a one-stop shop for everything needed to manage large forces of contingent workers. From a customer and industry perspective, this merger makes total sense."
WorkforceLogic offers both software and services for helping companies to better manage their contingent workers. WorkforceLogic provides a flexible, adaptable suite of services and software tools that enable companies of all sizes to simplify processes, obtain the best people when they are needed, and manage those people in a way that optimizes their value as a long term strategic asset.
"Our research indicates that the move toward VMS and managed services will continue, with a majority of large customers having a solution in place over the next several years," said Barry Asin, executive vice president and chief analyst at Staffing Industry Analysts, Inc. "As that trend develops, customers will naturally look for integrated solutions spanning a variety of workforce services."
Nelson elaborated further. "By combining WorkforceLogic and ABE Services we gain traction through the consolidation of the sales teams, elimination of any duplication of efforts, and streamlining the product offering. Both of these solid organizations are well known and highly regarded by their customers and competitors, so the combined company will be a potent force in the marketplace."
About WorkforceLogic
WorkforceLogic is a software and services company that provides a flexible, adaptable suite of services and software tools that enable companies of all sizes to simplify processes, obtain the best people when they are needed, and manage those people in a way that optimizes their value as a long term strategic asset.
WorkforceLogic has a strong tradition of market leadership through innovation, adaptability and agility. We are problem solvers who act as a trusted partner dedicated to creating and delivering tools and services that assist our clients in strategically managing their workforce while building revenue, reducing costs, and reducing risk.
Some of WorkforceLogic premier clients include Yahoo!, Harley-Davidson, Brocade, Bank of the West, Hitachi Data Systems and Barclays Global Investors.
About the Nelson Family of Companies
The Nelson Family of Companies was founded in 1970 by Chairman and CEO Gary D. Nelson, and is headquartered in Sonoma, CA. According to Staffing Industry Analysts, the company has grown into the 64th largest staffing company in the United States and is the largest independent human capital solutions company in Northern California. This solid growth recently culminated in record revenues of $288 Million in 2005. The Nelson Family of Companies has been ranked as one of the "Best Places to Work" in the Greater Bay Area for the second year in a row according to an employee survey done by the publishers of the San Francisco Business Times and Silicon Valley/San Jose Business Journal.
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