Namely, the HR platform for mid-sized companies has confirmed its merger with the organisation recently created by the combination of Vensure Employer Services and PrismHR.

The new entity created through the combination of Vensure and PrismHR is delivering human capital management solutions for every stage of a company’s growth and complexity. Namely further expands the full-service functionality by adding its advanced technology solutions that are in use by more than 1,100 mid-sized clients.

This merger has come at the time of an ongoing US labor shortage, despite strong monthly jobs growth.

Vensure Employer Services is one of the largest Professional Employment Organisations (PEO) in the US. The company serves more than 12,000 small- to mid-sized clients, offering core HR, payroll, and tax filing; affordable healthcare benefits; workers’ compensation; managed services; and outsourcing solutions. 

PrismHR provides HR solutions to nearly 85,000 businesses through its community of HR service providers, which include major PEOs such as Vensure. 

“Namely’s significant technology investments will enable us to provide small and mid-sized businesses, the lifeblood of the US economy and our PEO and ASO partners with even more functionality,” said Gary Noke, President, and CEO of PrismHR.

Namely CEO and HR technology industry veteran, Larry Dunivan, said, “The addition of Namely’s product and service offerings will accelerate the momentum being created by the combination of Vensure and PrismHR. Namely has a long history of award-winning technology and passionate customer support and our move into this new organisation will greatly benefit our employees, customers, and prospects.”