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Centro HCM and ProHCM Announce Intent to Merge

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ProHCM, a Boston-area based company, and Miami based Centro HCM, are pleased to announce their intent to combine organizations. The combined company will operate under the ProHCM name and be headquartered in Miami. The merger will not only expand capacity to meet the increased demand by employers to automate HR by providing more products, tools, and services for their employees, but also enable the launch of a new product to streamline the purchasing of employee benefit products for the employer market.

"The opportunity for employers to substantially improve HR is greater than ever," says Chris Green, Centro's CEO. "The problem is that the technology evolution is outpacing most employer's ability to take advantage of the opportunity, leaving organizations lagging behind. Our operation was built to get employers to the next level and beyond, quickly, and cost effectively, by leveraging market leading technology with a "white glove" service model."

The combined organization will now have distribution and service centers in close to 150 markets across the U.S. through internal and third-party partners including employee benefits brokers, HR consultants, and payroll experts. The 2018 plan is to expand to 200 locations by year-end.

ProHCM is concurrently working with the largest insurance companies to streamline the process of quoting, purchasing, and enrolling many non-medical insurance products including, dental, life insurance, disability insurance, and employee pay worksite benefits products.

Joe Markland, CEO of ProHCM commented, "What really drew me towards Centro was their shared vision of where the HR Tech and HR industries are going. We see new technologies like artificial intelligence, employee engagement tools, machine learning, and blockchain, as technology and tools that can substantially change HR. Our combined organization can make this a reality for employers."

The merger is expected to be complete by April 1, 2018.

About ProHCM, Inc.
ProHCM is a human capital management technology and services company that is focused on creating a better world in HR by combining market-leading technology and centralized human capital management services from experts, delivered through local HR and Benefits Consulting Partners. Realizing the importance of employee well-being, ProHCM strives to help employers prioritize the health and happiness of their employees by simplifying the HR process.

About CentroHCM
Centro was founded in 2011 as SimplePay, LLC, a payroll provider and has since evolved to a service-focused Human Capital Management company driven by one simple goal - to be the single best HR solution for small and mid-sized businesses. Centro believes in hands-on, customized attention, affordability, accountability and flexibility. Centro combines an extensive background in outsourcing management and relationship development with revolutionary SaaS technology to deliver a comprehensive, scalable and high-value solution in one central point.

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