London, UK – 13 February 2024: HiBob, the company behind the UK HR platform Bob, has acquired cloud-based payroll automation platform Pento, subject to closing conditions. This follows HiBob’s Payroll Hub launch in 2021 and strengthens its “all-in-one” HR and payroll offering for UK businesses.
Pento automates payroll in real-time, cutting weeks of work to minutes for over 400 UK customers. Its self-service, error-free approach complements Bob’s HR capabilities, giving organizations accurate, compliant, and fully integrated payroll alongside HR functions.
Ronni Zehavi, HiBob CEO, said:
"Payroll and HRIS work hand-in-hand. This acquisition gives UK businesses more flexibility and efficiency in managing their most valuable asset: their people."
Jonas Bøgh Larsen, Pento CEO, added:
"Pairing Pento with Bob allows companies to automate payroll end-to-end, saving time and improving the employee pay experience. Joining HiBob lets us deliver an unmatched integrated solution."
The acquisition enhances HiBob’s platform, improving efficiency, accuracy, and employee engagement. Deutsche Bank advised HiBob; Menalto Advisors advised Pento.
About HiBob: HiBob serves over 3,600 businesses globally with its modular HCM platform, accelerating hiring, retention, upskilling, and engagement.
About Pento: Pento automates payroll for Finance, People, and Payroll teams, serving 400+ UK companies and eliminating manual processes and errors.
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