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Tcp Software Acquires Aladtec

Oct 21, 2021•almost 4 years ago

Acquiring Company

TCP Software

Acquired Company

Aladtec

SoftwareConsumer ElectronicsAdministrative ServicesSoftwareOtherInformation Technology

Description

TCP Software, a leading provider of workforce management and time and labor solutions, today announced the acquisition of Aladtec, an online employee scheduling and workforce management system specifically developed for Public Safety departments including EMS, Fire, Law Enforcement, Healthcare, and Dispatch. The highly configurable scheduling solution will be both integrated into TCP’s cloud-based workforce management software suite and maintained as a standalone solution.

Company Information

Company

TCP Software

About

For more than 30 years, TCP Software has helped organizations engage their people by providing flexible, mobile timekeeping, scheduling and workforce management solutions. Trusted by 30,000 customers and millions of users, TCP delivers best-in-class technology and personalized support to organizations of all sizes in the public and private sectors to meet their complex time tracking, employee scheduling, leave management and other workforce needs. TCP’s products include TimeClock Plus and Humanity Scheduling.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed