Market Overview

Insperity Time and Attendance Acquires Sage TimeSheet Software; Companies Enter Into Endorsement Agreement

HOUSTON--(BUSINESS WIRE)--

Insperity, Inc. (NYSE: NSP), a leading provider of human resources and business performance solutions for America's best businesses, today announced that InsperityTM Time and Attendance acquired the Sage TimeSheet solution from Sage North America. Terms of the transaction were not disclosed.

Sage TimeSheet provides all the tools needed to accurately collect project time and expense data, track actual costs against a budget and generate more accurate time-to-completion estimates. The software is capable of adding sophisticated time and expense tracking data to financial, project management and payroll systems, or can function as a stand-alone project time and expense tracking tool.

Insperity Time and Attendance and Sage Employer Solutions, a business unit of Sage North America, also entered into an endorsement agreement, culminating a 20-year alliance between the two companies. The agreement positions InsperityTM TimeStarTM, a premier time and attendance software, on Sage's exclusive list of endorsed products. Sage is a leading global supplier of business management software and services for small and midsized businesses. The Sage Group plc employs more than 12,600 people and supports more than 6 million customers worldwide. Sage Employer Solutions will market and resell Insperity TimeStar as its preferred time and attendance solution, integrated with Sage HRMS.

“Insperity values its long and productive business relationship with Sage, and this endorsement agreement is a direct result of that trust and carries with it great mutual benefit,” said Jim Wacek, Insperity Time and Attendance division president. “Credibility and longevity in the time and attendance industry underscores Insperity Time and Attendance's ability to provide unparalleled customer support to existing TimeSheet users. This acquisition positions us well to introduce customers and Sage TimeSheet business partners to additional Insperity business performance solutions.”

About Insperity Time and Attendance

InsperityTM TimeStarTM enables businesses to collect, analyze and take control of employees' attendance and labor data – all online and in real time. Increasing accuracy and efficiency in time and attendance tracking translates to substantial cost savings, and collecting and analyzing this data in real time can create further advantages in job costing, PTO tracking and scheduling.

About Insperity

Insperity, a trusted advisor to America's best businesses for more than 26 years, provides an array of human resources and business solutions designed to help improve business performance. InsperityTM Business Performance Advisors offer the most comprehensive suite of products and services available in the marketplace. Insperity delivers administrative relief, better benefits, reduced liabilities and a systematic way to improve productivity through its premier Workforce Optimization™ solution. Additional company offerings include Human Capital Management, Payroll Services, Time and Attendance, Performance Management, Organizational Planning, Recruiting Services, Employment Screening, Financial Services, Expense Management, Retirement Services and Insurance Services. Insperity business performance solutions support more than 100,000 businesses with over 2 million employees. With 2011 revenues of $2 billion, Insperity operates in 56 offices throughout the United States. For more information, visit http://www.insperity.com.

Insperity
Investor Relations Contact:
Douglas S. Sharp, 281-348-3232
Senior Vice President of Finance,
Chief Financial Officer and Treasurer
News Media Contact:
Jason Cutbirth, 281-312-3085
Senior Vice President of Marketing
jason.cutbirth@insperity.com

 

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