Wizrom Group acquires in full WizSalary and sets new development phase

News 1

Wizrom Group is announcing the completion of acquisition in full of WizSalary signalling the consolidation at group level and demonstrating financial and operational resources at disposal, in order to increase intra-group synergies and further expand onto new business segments.

Wizrom Group is now controlling 100% of WizSalary after cash buyout of 52% of the shares from the other shareholders.

Following the transaction, Wizrom will fully integrate WizSalary and develop, in the close future, WizOne as a solid, extensive solution addressing fast companies’ needs in terms of HR management. Adrian Bodomoiu, the Group’s managing director for operational, will continue collaboration with Zemy Apfelbaum as managing director for development.

The clients of Wizrom using WizSalary solutions will continue to being serviced as so far, accordint to the current partnerships, by the same team and at the same standard.

With this move, Wizrom Group demonstrates the will and resources to invest on long term development of the solutions addressing an increased range of needs of our customers. I have the pleasure of unveiling the name of our new business suite, WizOne, which is addressing one of the hottest issues of today’s HR industry: increasing the level of engagement of the employees by accurately evaluating their performance and drivers of growth”, said Zohara Davidai, Chairwoman of the Board, Wizrom Group.

The consolidation at group level comes on top of technological innovation and the wide range of solutions and services to consolidate Wizrom Group as one of the leading providers of performance business tools.