As stated by Elona Mortimer-Zhika, CEO of IRIS Software Group, "In this emerging talent economy, the combination of IRIS and Swipeclock provides essential process integration to find the right people for the jobs, plan and schedule their work, and pay for their time and contribution in one simple solution. IRIS is continually seeking new technologies to meet the evolving needs of our customers worldwide. Swipeclock reinforces our commitment to providing industry-leading HCM solutions and regulatory compliance to small and medium-sized businesses in the United States."
In a rapidly changing business environment, characterized by the rise of remote working, flexible working hours and project-based roles, workforce management solutions have become essential. Companies are increasingly using subcontractors to manage costs, while employees are opting for hybrid or flexible working hours. For HR managers, this new market has increased the complexity of recruitment, payroll, time tracking and attendance, redefining the technologies needed for efficiency and compliance.
With this acquisition, IRIS will invest additional capital to accelerate the time-to-market of Swipeclock's product roadmap. The company will increase its trading with Swipeclock's community of over 1,300 partners, serving more than 45,000 customers, and integrate Swipeclock's offerings into IRIS' HCM platforms to meet the changing needs of the payroll market.
