Accero, a leading provider of Human Capital Management (HCM) solutions to mid-size and large enterprises, is proud to announce the attainment of a major milestone; 2009 marks Accero’s 35th year in delivering cost-effective and scalable HCM solutions to businesses and governmental entities throughout North America and the United Kingdom.
Originally founded in 1974 as Cyborg Systems, Inc., Accero was acquired from Hewitt Associates in February of 2008 by Vista Equity Partners, a San Francisco-based private equity firm. Backed by Vista, fully funded and cash flow positive, the company reemerged last year with a new name and a renewed investment in customer satisfaction, product innovation and new customer acquisition.
“Change is the one constant in the technology market, so it is remarkable to speak of success over even a ten-year period, let alone thirty-five years,” said Tom Malone, Accero CEO. “The enduring success of the Cyborg-Accero solution over this long time period is a testament to our continued focus on customer satisfaction, technology innovation and deep and robust product functionality. It also speaks to a tremendous level of customer loyalty for which we are very appreciative.”
Accero’s HCM solution suite, The Solution Series, is specifically optimized to support companies with 2500 or more employees. Highly configurable and scalable, The Solution Series is designed to manage complex requirements and high volumes that other HCM solutions simply cannot match. Accero’s success in meeting these requirements is validated by its impressive customer retention; the average Accero customer has been with the company for more than 15 years.
“We’ve been an Accero customer for over a decade, and during that time we’ve grown from 6,500 to over 30,000 employees,” said Pat Snodsmith, Vice President and HRIS Manager, at Regions Financial Corporation. “Honestly, we’ve never considered replacing Cyborg. It just works.”
In 2008, Accero focused on significantly enhancing The Solution Series product suite, and in February rolled out version 6.0, the most comprehensive upgrade to its core software package in more than ten years. In addition to substantial enhancements and new functionality, Accero introduced Fast Forward, a new browser-based user interface that significantly streamlines the use of the Accero system. The new user interface includes new employee query/list processing and reporting capabilities, quick links for faster navigation and an enhanced customizable workflow to optimize user efficiency.
Accero’s sales and marketing initiatives will focus on mid-size and large enterprises that are using or considering SAP or Oracle for their HR and Payroll needs. In addition, beginning in the second half of 2009, Accero plans to offer The Solution Series in a range of deployment options, from traditional licensed software to a hosted solution model to fully managed outsourcing, offering customers more choice in how they access the software and manage day to day HCM operations.
For more information on Accero, please visit www.accero.com
Matt Lafata, HRchitect
Posted by mattlafata 
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