Administaff, Inc. ASF today announced the acquisition of certain assets from HumanConcepts, a leading provider of workforce decision support solutions. Administaff has acquired ownership of the current OrgPlus software product line targeted at small and medium-sized businesses as well as a source code license for a Software-as-a-Service based version, which will be released later this year.
HumanConcepts will retain its enterprise solution suite and continue to build on its momentum in that market. The terms of the transaction were not disclosed; however, the acquisition costs and first year operations are not material to Administaff's 2011 results.
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