AscentHR has acquired payroll outsourcing provider OS HRS in a deal aimed at strengthening its payroll and workforce management operations across Asia-Pacific and the Middle East. The company said the acquisition was completed through a single-stage transaction, under which AscentHR acquired 100% of the equity share capital of OS-HRS Malaysia, OS-HRS Japan and OS-HRS India from Tokyo-based BREXA I
AscentHR has acquired payroll outsourcing provider OS HRS in a deal aimed at strengthening its payroll and workforce management operations across Asia-Pacific and the Middle East.
The company said the acquisition was completed through a single-stage transaction, under which AscentHR acquired 100% of the equity share capital of OS-HRS Malaysia, OS-HRS Japan and OS-HRS India from Tokyo-based BREXA Inc., formerly known as Outsourcing Inc.
The financial terms of the transaction were not disclosed.
AscentHR said the deal would strengthen its payroll delivery capabilities, compliance expertise and in-country operations in markets including India, Japan, China, Malaysia, Korea and Singapore, as well as other countries across Asia-Pacific and the Middle East.
The combined organisation will support payroll operations across the region and offer multinational companies services covering payroll, compliance and workforce administration through local expertise and a unified regional delivery model.
Subramanyam S., Founder and CEO, AscentHR, said “This marks an important milestone in AscentHR's vision of building a leading regional payroll and workforce solutions platform. OS HRS brings deep regional expertise, strong customer relationships, and an outstanding reputation for payroll excellence. Together, we are creating a stronger organisation with expanded capabilities, enhanced regional reach, and the ability to deliver greater value to customers across Asia-Pacific.”
The integration will combine AscentHR's HR technology, managed services and compliance capabilities with OS HRS' payroll operations and regional delivery expertise.
The combined organisation is expected to provide local compliance support through in-country specialists, HR technology and enterprise platform integration, faster regional payroll implementation, native-language support and customer service.
The company said the integration would be carried out in phases to ensure continuity for customers, employees and partners.
OS HRS provides end-to-end managed payroll services across 20 countries through regional delivery hubs in Malaysia, Japan and India.
AscentHR provides human capital management, payroll, compliance and workforce solutions through technology-enabled products and managed services.
