Jason Corsello of Knowledge Infusion predicts Workstream Acquisition by Empagio
Today, Workstream announced a definitive agreement in which Workstream will merge with the operating holding company of Empagio. http://www.businesswire.com/portal/site/google/index.jspndmViewId=news_view&news Id=20080213005606&newsLang=en
As you may recall, our own Jason Corsello predicted this on January 9, 2008 http://humancapitalist.com/?p=522 and it looks like there are several people that owe him based on his prediction http://humancapitalist.com/?p=529
All fun aside, what does this mean for the talent management industry (insert your thoughts here, click REPLY!!)
Although I don't think I owe Jason Corsello any money, he certainly beat me -- and all the analysts I read -- in correctly predicting the company merging with Workstream. Though you left out the third possibility in your headline -- dumb luck -- I think he was smart.
It will be interesting to watch the two companies try to integrate their offerings since Empagio is also a roll-up. Its most famous product is Tesseract, the 30-year-old mainframe HRMS with a truly great payroll. IBM still uses it!
I wouldn't want to be Workstreams head of development, Mike Gioja, when he tries to integrate that dinosaur with his own new SaaS TM suite. But maybe he won't have to, since Empagio says they are building a new payroll app. Another fun job in HR technology. Just ask Workday, finishing theirs.