ZenaTech Acquires HRMS Assets Serving 1,000–20,000-Employee Clients to Boost SaaS Revenue
ZenaTech acquired all material assets of NOW Solutions through a U.S. bankruptcy sale, adding an HRMS business serving 1,000–20,000-employee clients in schools, hospitals and government across North America. The deal strengthens ZenaTech’s Enterprise SaaS division with decades-long public sector relationships, enhancing recurring revenue and growth visibility.
1. Acquisition of NOW Solutions Assets
ZenaTech completed the purchase of all material assets of Richardson, Texas-based NOW Solutions via U.S. bankruptcy proceedings. The acquisition encompasses the Human Resource Management System (HRMS) serving small to mid-market customers with 1,000 to 20,000 employees across schools, hospitals, municipal organizations and government entities in the U.S. and Canada.
2. Recurring Revenue and Client Base Expansion
This transaction adds a recurring revenue business built on decades-long customer relationships, notably in government and public sector segments. The enlarged client roster underpins enhanced revenue durability and consistent, high-quality growth for ZenaTech’s Enterprise SaaS division.
3. emPath HRMS Platform Integration
NOW Solutions’ web-based emPath platform unifies human resources and payroll functions—including compensation management, skills tracking, absence management, performance reviews and workforce analytics—while offering employee self-service capabilities to reduce administrative burdens.
4. Market Opportunity
The global HRIS software market exceeds $12 billion annually, growing at 8.5% per year, driven by regulatory complexity and workforce management needs. ZenaTech targets a significant addressable market in the 1,000–20,000-employee segment, where specialized providers like NOW Solutions maintain trusted, compliant solutions.