AGA Benefit Solutions acquires HRIS software firm, Cangaroo
AGA Benefit Solutions is pleased to announce the acquisition of Cangaroo, a Quebec-based small business that developed a versatile and high-performing online HR management software. This move will enable AGA to expand its service offering to Canadian businesses and allow Cangaroo to leverage AGA’s growth in order to quickly gain market shares.
Human resources management and group benefits management are closely connected. Cangaroo has developed an expertise in both and stands out from the competition with a service offering combining HR software design and group insurance and retirement services. Their goal is to transform employee and employer experience by streamlining HR management. The Cangaroo HR software helps businesses manage employee records, group benefits, performance reviews, and requests for time-off. It also allows employers to manage job applications in a few clicks and timesheets with an online time stamp.
“With the enactment of Law 25, our clients are looking for efficient and high-performing human resources management solutions; on the other hand, we were seeking to complete our service offering by adding an HR solution to facilitate access to group insurance and group retirement services and to streamline their management. In this sense, this acquisition is a perfect match, as it will fuel our growth prospects and enable us to onboard forward-thinking talent,” pointed out Martin Papillon, President and Chief Executive Officer of AGA.
“This is a timely transaction, said David Théberge, cofounder and President of Cangaroo. Our business was reaching an inflection point, and we wanted to take action to extend our reach, give us fresh momentum to quickly expand our client base and continue to develop our platform to pursue our mission of transforming the employee experience while enabling our employers to simplify HR management. At AGA, we found people who shared our vision and our culture and who embrace ambitious challenges. We are looking forward to seeing this alliance take shape on a daily basis!”
AGA concluded the acquisition in partnership with Novacap. The transaction is effective October 2, 2023, and both teams will begin their cooperation forthwith.