Wednesday, May 26, 2010

ACS acquires eHRO from HP

As one might have guessed two years ago when HP acquired EDS, HP doesn't want to stay in the benefits outsourcing space.  In June of last year (hindsight: in preparation for its merger with Watson Wyatt) Towers Perrin sold its minority stake in excellerateHRO to HP, which presumably was just looking for 100% ownership in order to be able to sell the division.  That sale took place today, as ACS attempts to grow its presence in that market.