ZenaTech announces the acquisition of all material assets of NOW Solutions Inc., a Richardson, Texas-based HR and payroll software company with a long-standing list of customers, including schools, hospitals, municipal organizations, and government entities across the U.S. and Canada. The material assets of the Human Resource Management System (HRMS) company, which serves small to mid-market-sized customers with workforces of 1000 to 20,000 employees, were acquired through a bankruptcy sale process under U.S. bankruptcy law. This acquisition adds a recurring revenue business with decades-long customer relationships, further strengthening ZenaTechβs Enterprise SaaS division and portfolio of software companies and brands.
βThrough this acquisition, we are strengthening and expanding our Enterprise SaaS division with a company that brings deep market presence and long-standing customer relationships,β said
@ShaunPassleyPhD., ZenaTech CEO. βWe are committed to optimizing long-term customer value while growing the customer base. Importantly, this transaction adds a significant base of government and public sector clients, many of which are legacy, multi-decade relationships, further enhancing the durability of our revenue streams and underpinning consistent, high-quality growth for our investors.β
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