Payroll and human resources services provider PaychexInc. has divested Stromberg, its time and attendance company, to workforce andlabor management specialist Kronos Inc.
Terms were not disclosed.
Paychex had acquired Stromberg and its proprietaryproduct, Time in a Box, about five years ago. Paychex said Time in a Box wouldremain part of its time and labor offerings.
Meanwhile, the company said it would remain focused onits labor management offerings, citing the recent release of Time and LaborOnline, a Web-based offering designed for midsized companies.
Register or login for access to this item and much more
All Accounting Today content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access