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SAP buys Fieldglass for temp worker management

9/01/2015 by Sharon Shahzad

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SAP is boosting its human resources software portfolio with the acquisition of Fieldglass, maker of a system for finding and managing temporary workers and services. Terms of the deal, which is expected to close in the second quarter, were not disclosed. 

SAP is boosting its human resources software portfolio with the acquisition of Fieldglass, maker of a system for finding and managing temporary workers and services. Terms of the deal, which is expected to close in the second quarter, were not disclosed.

Fieldglass' technology, which is used in 100 countries, will work in conjunction with SAP's Ariba procurement software as well as its SuccessFactors HCM (human capital management) applications, both of which are also the result of acquisitions.

All told, the product set will provide "a platform for businesses to manage their entire workforce -- both temporary and permanent staff -- from initial recruiting and on-boarding to ongoing development, performance management, retention and retirement," SAP said in a statement Wednesday.

Private equity-backed Fieldglass is based in Chicago and has about 350 employees, SAP said. It has been profitable for the last eight years and added 2 million users last year, according to a statement.

SAP competes with the likes of Oracle and Workday in the HCM market, which has heated up of late as companies replace aging legacy systems with newer cloud-based alternatives, hoping to gain advantages by improving employee retention, deploying staff more efficiently and making better hires.

This article has been extracted from http://www.techworld.com, please click on this link to read the article in full http://www.techworld.com/news/apps/sap-buys-fieldglass-for-temp-worker-management-3508693/

Montash is a multi-award winning global technology recruitment business. Specialising in permanent and contract positions across mid-senior appointments across a wide range of industry sectors and IT functions, including:

ERP, BI & Data, Information Security, IT Architecture & Strategy, Energy Technology, Demand IT and Business Engagement, Digital and E-commerce, Leadership Talent, Infrastructure and Service Delivery, Project and Programme Delivery.

Montash is headquartered in Old Street, London, in the heart of the technology hub. Montash has completed assignments in over 30 countries and has appointed technical professionals from board level to senior and mid management in permanent and contract roles.

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