Mercer has acquired CPSG Partners (CPSG), a leading Workday services partner. Financial terms of the deal were not disclosed.
The deal will expand the size and capabilities of Mercer’s existing Workday practice while providing a global distribution channel for CPSG. The deal will also provide Mercer the ability to meet clients’ needs for cloud-based finance and HR services across a broader array of industry segments and employer sizes with Workday Financial Management and Human Capital Management (HCM).
Founded in 1997 and based in Dallas, Texas, CPSG has helped more than 125 clients with operations around the world to maximize the strategic benefits from Workday Financial Management and Human Capital Management. CPSG has a track record of delivering intellectual property and high-value services in order to help maximize the value of Workday for its clients.
Ilya Bonic, President of Mercer’s Talent business, said in a statement: “With the addition of CPSG, our successful and rapidly growing Workday practice will gain the scale to serve the largest clients and expand the scope of our services into the Middle Market as well as education and government sectors,” also added this: “We are excited to bring our consulting heritage, combined with cutting-edge technology deployment skills, to empower more Workday clients to better manage their most important assets – their finances and people.”
Aneel Bhusri, co-founder and CEO of Workday, said in a statement: “The combination of Mercer and CPSG Partners will provide significant added value to our customers,” and also added this: “CPSG and Mercer both have extensive Workday experience that will create a powerful resource as companies move their finance and HR operations to the cloud and transform their businesses for future growth.”
Headquartered in New York City, Mercer is the world’s largest human resources consulting firm. The company offers consulting and research services in the areas of health, retirement, investments and talent. In addition, Mercer has an M&A business segment that provides consulting services regarding human capital and related issues in financial transactions. Mercer also helps clients with global HR issues, balance sheet risk and post-acquisition integration.
Mercer is a subsidiary of Marsh & McLennan, a global professional services firm offering client advice and solutions in the areas of risk, strategy and people. Marsh & McLennan is also the parent company of Guy Carpenter, a leader in providing risk and reinsurance intermediary services; Marsh, a global leader in insurance broking and risk management; and Oliver Wyman, a leader in management consulting. Mercer has more than 20,000 employees and operates in more than 130 countries.
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