Aon Hewitt to Acquire Leading Workday Implementation Firm Acquisition of OmniPoint's Workday Services Company Enhances Aon Hewitt's Ability to Meet Growing Client Demand for Workday HR Platform
LINCOLNSHIRE, Ill., Oct. 22, 2012 /PRNewswire/ -- Aon Hewitt, the global human resources solutions business of Aon plc (NYSE: AON), today announced its intention to acquire OmniPoint's Workday Services company, a leading deployment and integration firm and key partner of Workday, a market leader in Software as a Service (SaaS) HR solutions.
Once the transaction is closed, Aon Hewitt will be able to significantly expand and accelerate its Workday capabilities, which include providing HR technology and services to mid-sized and large, global organizations. The acquisition will make Aon Hewitt the only company in the industry to offer an end-to-end resource for designing, building and operating the Workday HR platform.
"As today's workforce continues to rapidly evolve, Aon Hewitt is shaping the HR industry and staying ahead of current and emerging trends in the market to empower results for our clients," said Kristi Savacool, chief executive officer, Aon Hewitt. "The SaaS model is gaining traction across our client base and fits well into our existing service-centered HR outsourcing solution. This strategic investment enables us to rapidly scale our knowledge base, expand our full suite of HR solutions and broaden our capabilities to serve our clients' unique needs and preferences. It is a bold step to strengthen our industry-leading position in HR solutions."
OmniPoint's team of more than 120 certified professionals bring experience implementing Workday for 125 customers across 108 countries. These professionals will join Aon Hewitt's current team of existing Workday-certified colleagues.
After the transaction closes, the OmniPoint team will continue to serve the Workday community as a dedicated operating unit within Aon Hewitt's HR business process outsourcing (BPO) business, providing both deployment and optimization services. Aon Hewitt will provide broader HR administration services to existing OmniPoint clients interested in outsourcing. Aon Hewitt also will be able to provide a strong Workday deployment capability to new OmniPoint clients as well as current Aon Hewitt clients pursuing a new direction. Keith Diego, managing partner, will continue to lead OmniPoint, reporting to Jonathan Schembor, president, HR BPO, Aon Hewitt.
"Aon Hewitt has an excellent track record of quality service with a variety of underlying engines in the HR outsourcing space. Joining forces with OmniPoint enables us to provide that same level of service to clients that choose Workday as their HR platform," said Schembor. "Clients are increasingly interested in hosted solutions like Workday because they are flexible, cost effective and require little maintenance on the part of the employer. Rapidly building a team of experienced and credentialed specialists is important in meeting this growing client demand and expanding our presence in the HR outsourcing market."
"We are thrilled to join the Aon Hewitt team," said Keith Diego. "Our expertise in Workday deployments will be a tremendous complement to Aon Hewitt's industry-leading HR outsourcing business, and all of our clients will benefit from the added expertise of the combined organization."
OmniPoint was founded in 2008 by a small team of former executives from major consulting firms who each had more than 20 years of experience with IT implementations or system integrations. It has major offices in Atlanta, Georgia and Miami, Florida, with a presence in a number of U.S. cities, including Workday's headquarters in Pleasanton, California.
The transaction is expected to close in the fourth quarter. Financial terms were not disclosed.
About Aon Hewitt
Aon Hewitt is the global leader in human resource solutions. The company partners with organizations to solve their most complex benefits, talent and related financial challenges, and improve business performance. Aon Hewitt designs, implements, communicates and administers a wide range of human capital, retirement, investment management, health care, compensation and talent management strategies. With more than 29,000 professionals in 90 countries, Aon Hewitt makes the world a better place to work for clients and their employees. For more information on Aon Hewitt, please visit www.aonhewitt.com.
Aon plc (NYSE: AON) is the leading global provider of risk management, insurance and reinsurance brokerage, and human resources solutions and outsourcing services. Through its more than 61,000 colleagues worldwide, Aon unites to empower results for clients in over 120 countries via innovative and effective risk and people solutions and through industry-leading global resources and technical expertise. Aon has been named repeatedly as the world's best broker, best insurance intermediary, reinsurance intermediary, captives manager and best employee benefits consulting firm by multiple industry sources. Visit www.aon.com for more information on Aon and www.aon.com/manchesterunited to learn about Aon's global partnership and shirt sponsorship with Manchester United.
SOURCE Aon plc