State Sen. Chris Kapenga (R-Delafield) has sold his workforce time management technology business.
On Tuesday, Ascentis Corp., a Minneapolis-area based company focused on cloud-based human capital management technology, announced it had acquired Integrated Time Systems, a Milwaukee-based company that Kapenga purchased in 2008 through his investment company, Integrity Holdings.
“We’re thrilled to strengthen and optimize our client offerings within the local economies in which ITS currently serves,” said Kapenga in a news release from Ascentis. Kapenga was also president of Integrated Time Systems.
“We’re also eager to collaborate and utilize ITS’ industry expertise to help build upon and advance Ascentis’ full suite of HR technology that includes a service model that simply doesn’t exist in today’s HCM market,” Kapenga added.
In 2015, ITS acquired Texas time and attendance company, Accutronics, to expand its geographic footprint.
ITS is Ascentis’ third acquisition in the last six months. In December, the company bought Cincinnati Time Systems.