Salary.com, the Waltham, MA-based compensation and personnel-management software firm, announced that it has agreed to acquire human resource-management software provider Genesys Software Systems, which has an office in Methuen, MA. Salary.com, which expects to close the deal by December 17, has agreed to buy the company for a total of $6.8 million in cash and stock as well as up to $2 million in additional payments to Genesys stockholders and option owners depending on how well the business performs over the 12 months after the deal closes. Full details of the buyout agreement are in this SEC filing.
Author: Ryan McBride
Ryan is an award-winning business journalist who contributes to our life sciences and technology coverage. He was previously a staff writer for Mass High Tech, a Boston business and technology newspaper, where he and his colleagues won a national business journalism award from the Society of American Business Editors and Writers in 2008. In recent years, he has made regular TV appearances on New England Cable News.
Prior to MHT, Ryan covered the life sciences, technology, and energy sectors for Providence Business News. He graduated with honors from the University of Rhode Island in 2001 with a bachelor’s degree in communications. When he’s not chasing down news, Ryan enjoys mountain biking and skiing in his home state of Vermont.
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