San Diego, CA - Capstone Partners LLC, a leading international investment banking firm, has successfully represented KMS Software Company LLC in its sale to SAP AG. Terms of the transaction were not disclosed.
KMS is a leading provider of web-based human capital management software and solutions focused in the area of electronic on-boarding, off-boarding, forms management and new employee engagement. The Company’s XpressHR software platform is delivered via a SaaS model, allowing clients to on-board new employees, verify employment eligibility, process government and corporate forms, provision necessary assets and materials for new employees and indoctrinate new employees in client culture and procedures. Its world-class customer base includes industry leaders such as Bank of America, Citigroup, GE, Kodak, KPMG, Ross Stores, 24 Hour Fitness and many others.
SAP, a world leader in enterprise software, will incorporate KMS into its SuccessFactors business unit. SuccessFactors provides employee performance, compensation, career goal, recruitment and succession management SaaS for businesses globally. The acquisition of KMS serves to provide SuccessFactors with a market leading on-boarding solution to bolster its workforce management solutions.