BCS HR Software acquires Centric’s HR & Payroll activities

BCS HR Software, one of the larger providers of software for HR and payroll, is further expanding its market position by acquiring the HR & Payroll activities of Centric, backed by software investor Main Capital Partners. The strategic acquisition marks another step in expanding BCS’ fast-growing position in the HR Software industry in the Benelux. It is BCS’ fourth acquisition since Main Capital invested in the company in April 2022. Earlier, Apployed, Tasper and MediSoft were added to BCS.

BCS has more than 40 years of experience in the HR & payroll software industry. The company provides solutions in Core HR (including absenteeism, payroll, flexible working conditions, personnel administration and employee welfare) and Payroll software with associated services. Centric HR & Payroll has developed the modern HR cloud solution Motion and also has its own payroll software with additional services.

The takeover of Centric’s HR & Payroll solutions fits into BCS’ strategy of further expanding a leading product portfolio and further strengthening its market position. The acquisition of Centric HR & Payroll solutions is therefore a logical step for BCS; both companies fit together seamlessly with both products, services and customers. BCS provides solutions to both SME and Enterprise customers in the Netherlands as well as municipalities and healthcare institutions, including Vattenfall, VodafoneZiggo, RIBW Nijmegen and Rivierenland, Oger, AkzoNobel and the AMC. With this acquisition, BCS strengthens its position within both the profit and non-profit market segment, with several enterprise customers, municipalities and government institutions as clients. BCS employs more than 230 people following the acquisition of Centric’s HR & Payroll division.

The acquisition follows Centric’s choice to fully focus on the markets and sectors where it can play a leading role in assisting organisations in their digital transformation. The change in focus has therefore led to the decision to split off HR & Payroll operations in order to establish a firmer foundation for both companies. Peter Wakkie, Centric CEO: “We want to continue to focus on strategic activities and innovations with which Centric is leading the way.. That is where we create opportunities through the unique combination of our sector expertise with industry-specific software, IT solutions and cloud services.”

It was a well-considered choice by Centric to transfer its HR & Payroll activities to BCS HR Software. BCS already has 40 years of experience in this sector, guaranteeing continuity. In addition, BCS is backed by software investor Main Capital Partners, which has broad experience in both the public software market and the HR segment. “We are confident that the customers are in good reliable hands with BCS”.

The journey to market leadership
“We are extremely happy to have been able to realise this acquisition,” says Joep Eijkens, CEO of BCS. “With the joining of our forces, we are even better positioned to serve our customers and provide them with innovative and high-quality HR solutions. Both the cloud package Motion, the payroll services and Centric’s experienced professionals, are a valuable addition to our current portfolio. We look to the future with enthusiasm and are convinced that this step will enable us to grow further and strengthen our market position, in the journey towards market leadership. With, among others, our own products around dossier management and flexible working conditions, we expect to be able to add further value to Centric HR & Payroll customers.

Charly Zwemstra, Managing Partner & Chief Investment Officer at Main Capital concludes: ”The combination between Centric HR & Payroll and BCS is an enormously valuable step in BCS’s strategy to strengthen their fast-growing position in the HR & payroll software industry. Together, the companies can offer their customers an improved service and software solution. Looking ahead, we see many growth opportunities and will continue to support BCS in this.”