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Webexpenses acquired by ELMO Software Limited
Expense software provider, Webexpenses, has been acquired by ELMO Software Limited, a cloud-based HR & Payroll provider
OXFORD, United Kingdom, Dec. 17, 2020 /PRNewswire/ Webexpenses, a global business expense management platform, announced today that it has been acquired by Australia-based ELMO Software Limited (ASX:ELO). ELMO Software Limited (ELMO) is a cloud-based HR & Payroll software provider. The acquisition provides ELMO with complementary technology and an established customer base to help accelerate their expansion into UK mid-market businesses.
Established in 2002, ELMO offers customers a unified platform to streamline processes for HR, and also manage payroll and rostering/time and attendance. ELMO operates on a Software as a Service (SaaS) business model based on recurrent subscription revenues.The transaction adds to ELMO s revenue, customer base, and market opportunity.