Humanforce, an Australia-based global provider of workforce management (WFM) and payroll solutions, today announced the completion of its acquisition of intelliHR, an HR tech SaaS (software-as-a-service) company also based in Australia.

The acquisition is worth over AUD 77 million (USD 52.3 million) and is Humanforce's third acquisition since receiving capital investment in May 2022 from leading technology-focused private equity firm Accel-KKR.

In October 2022, Humanforce acquired Ento, a workforce management product provider. Then, in February 2023, Humanforce announced that it acquired the Australian operations of Wagestream (formerly Earnd), an Australian provider of on-demand pay or earned wage access.

"We're incredibly grateful to have such a strong partnership with and investment from Accel-KKR, which has allowed us to accelerate our growth over the past year with strategic acquisitions of Ento, Wagestream Australia and now intelliHR,” Chief Executive Office of Humanforce Clayton Pyne said. “Bringing Humanforce together with these complementary, world-class people management solutions, builds on the depth and breadth of our platform and allows us to deliver on our mission of making work easier and life better for frontline and flexible workers around the world.”

Founded in 2013, IntelliHR describes itself as an intelligent people platform that drives employee engagement, performance, and retention, underpinned by a rich layer of AI-powered workforce analytics and a single system of record (Core HR).

IntelliHR is a fully featured human capital management (HCM) platform, giving customers Onboarding, Core HR, Compliance and Workflows, Learning and Performance Management, Employee Engagement, and People Analytics, in addition to Humanforce's best-of-breed WFM and Payroll solution.

Pyne said, "We are incredibly impressed by intelliHR's momentum and success to date, stemming from the development of a superior people-focused technology platform that provides rich data insights and powerful analytics for HR and business leaders. We look forward to welcoming intelliHR employees and customers to the Humanforce family".

"We remain laser-focused on continuous innovation for people management by bringing a modern, employee-centric solution to frontline and flexible workforces, which places the employee experience and talent at the core.", Pyne added.

Joe Porten, Managing Director at Accel-KKR and Humanforce board member said, "IntelliHR's focus on innovative products aligns well with Humanforce's vision of a modern, employee-centric solution that businesses can't live without. We believe the capabilities that Humanforce is investing in are increasingly mission-critical for businesses, evidenced by growing market demand for AI-powered people technologies that help companies effectively manage and engage their workforce in an increasingly challenging labour market."

Humanforce’s product includes functionality in payroll, time and attendance, rosters and scheduling, and workforce analytics. Founded in 2002, Humanforce has a 2000-strong customer base and over half a million users worldwide, with offices across Australia, New Zealand, and the UK.