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Vendor News

Industry developments from the global payroll vendor and research community.

Tricor Acquires Alphalink, Strengthens Mainland China Business

Tricor Group, Asia’s leading business expansion specialist providing integrated business, corporate, investor, human resources, payroll, and debt services, announced an agreement to acquire Alphalink (majority-owned by RSM Hong Kong partners), a diversified corporate services company that serves international enterprises in Greater China and handles global outbound business and investment for Chinese companies.

Alphalink, which services over 850 clients across Beijing, Shanghai, Shenzhen, and Hong Kong, will enhance its existing client relationships by providing access to Tricor’s comprehensive suite of solutions and global footprint.

“Alphalink offers a significant opportunity for Tricor to develop an even stronger presence in mainland China, which is key to our continued growth strategy in this dynamic market,” said Lennard Yong, Group CEO of Tricor. “With a range of high-profile clients and strategic partners, Alphalink’s network will enhance Tricor’s position and enable us to further leverage on key economic development initiatives.”

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Ryan Expands Presence in Canada, Acquires AEC Property Tax

Ryan, a global tax services and software provider, announced it has acquired AEC Property Tax Inc., Canada’s largest privately owned property tax consulting firm, and its subsidiaries. This acquisition expands Ryan’s market position, client portfolio, and depth of client service capabilities in Canada.

According to Ryan’s President of Canadian Operations Garry Round, bringing AEC into the Ryan family will pave the way for expansion of the two firms’ combined services and provide career opportunities for all employees.

“As the largest property tax practice in North America, we are enhancing our existing capabilities and firm talent across all major markets in Canada,” Round said. “This acquisition positions our two companies to become a single resource to multinational clients with challenges in other areas of taxation, regardless of the jurisdiction.”

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Kronos Named a Best Place to Work in 3 Locations

Kronos Incorporated, a provider of workforce management and human capital management (HCM) cloud solutions, announced it has been named to three separate best-workplace lists around the world: India’s Top 50 Best Companies to Work For by Great Place to Work and The Economic Times; the No. 3 Best Place to Work in Massachusetts by the Boston Business Journal; and a Best Workplace for Mental Wellness in Canada.

This is the second consecutive year Kronos has been named one of India’s Top 50 Best Companies to Work For, which is based on direct and anonymous employee feedback from the Great Place to Work Trust Index survey combined with a detailed culture audit of features including employee benefits, company values, and community involvement. In a separate Great Place to Work Canada competition, Kronos also received its highest-ever ranking of No. 8 among the 50 Best Large and Multinational Workplaces, as well as receiving the title of Best Workplace for Mental Wellness for the first time.

“Kronites around the world truly embody what it means to WorkInspired,” said David Almeda, Chief People Officer at Kronos. “They consistently give their very best to their customers, colleagues, and communities. Kronos owes its success to our outstanding employees who hold themselves accountable to support each other and to exceed the expectations of our customers.”

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