COADVANTAGE COMPLETES MERGER WITH PRIMEPAY

Aquiline, a private investment firm, recently announced the successful completion of the strategic merger between two of its portfolio companies NAPEO member CoAdvantage and PrimePay, a payroll and human resources software business. “The benefit of joining forces between CoAdvantage and PrimePay in the human capital management (HCM) industry enables our combined business to provide a full range of self and full-service solutions, from standalone payroll to fully outsourced Human Resources, benefits, risk management and insurance solutions. “Our customers will not only have greater flexibility and access to both platforms and suites of solutions, but they will also be positioned to take advantage of our expanded HCM expertise which will allow them to focus on driving business value and enhancing growth,” said John Cumbee, CoAdvantage chief executive officer, in a release announcing the merger’s completion.