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ZeroChaos Acquires Adecco USA's PayWise Division
ORLANDO, Fla.-(Business Wire)-June 18, 2008 - ZeroChaos, a global workforce solutions company headquartered in Orlando, today announced the acquisition of PayWise, Inc., a division of Adecco USA focused on providing professional payrolling services. The terms of the deal were not disclosed.
"For 50 years, PayWise provided unique solutions and impeccable service to a host of venerable clients," said Harold Mills, CEO of ZeroChaos. "We are excited to join forces with this skilled, proven team of professionals. The newly expanded ZeroChaos will serve 150 customers in seven countries. We have complementary services and virtually no client overlap. As a result, this transaction creates the most significant and capable professional payrolling solution in the market."
"ZeroChaos' reputation for innovation, integrity and thought leadership in our industry is unparalleled, and we are delighted to be a part of the ZeroChaos family," said Barbara Mass, Vice President of PayWise.
According to Adecco General Staffing USA President Joyce Russell, the transaction creates value for all parties involved. She said, "We will foster a strong relationship between our organizations in order to address the diverse payrolling needs of all our customers."
About ZeroChaos
For visionary companies seeking greater management and financial control of their contingent workforce, ZeroChaos is transforming their talent supply chain. ZeroChaos' innovative private label solutions, combined with its full-disclosure pricing strategy, enables companies to create their own talent pools, build proactive relationships with quality talent, and gain a competitive advantage by attracting and managing the best contingent knowledge workforce. Clients include many of the top Fortune 500 companies. For more information, please visit www.zerochaos.com.
About PayWise, Inc.
For over 50 years, PayWise, Inc. formally a wholly owned subsidiary of Adecco USA, has been a nationwide leader in referral staffing, with a core competency in payrolling. PayWise's years of experience in the field demonstrate performance with proven efficiency, superior administration and attention to detail.
About Adecco North America
Adecco is the largest workforce solutions provider in the United States and Canada, with a comprehensive service offering that includes temporary and contract staffing, permanent recruitment, outplacement and career services, recruitment process outsourcing, training and consulting.
In addition to its administrative, clerical and light industrial staffing services, Adecco operates the following specialty divisions:
— Engineering & Technical
— Finance & Accounting
— Information Technology
— Medical & Science
— Legal
— Human Capital Solutions
— Government Solutions
— Transportation
Adecco S.A. is registered in Switzerland (ISIN: CH001213860) and listed on the Swiss Stock Exchange with trading on virt-x (SWX/VIRT-X: ADEN) and Euronext Paris - Premier Marche (EURONEXT: ADE).
Additional information is available at the company's website at www.adeccousa.com.
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