Commercial law firm Thomsons Lawyers advised ANZ Capital and its investee company
Australia’s leading Human Resources (HR) software systems developer Neller Pty Ltd, in its
transaction with global HR software provider NorthgateArinso, to create one of the largest HR
service providers in the world.
NorthgateArinso announced its acquisition of Neller on February 2, 2010 with the partnership
increasing NorthgateArinso’s footprint across Australia and New Zealand and extending its reach
into the Asia Pacific market.
The Thomsons Lawyers team that worked on the transaction included Partner Loretta
Reynolds and Senior Associate Tara Page. The same team worked for ANZ capital on the
acquisition approximately 2 years ago and have now worked on the positive and successful exit.
“Don Manifold from KPMG Corporate Finance ran a very competitive sale process in a tough
climate. Our team worked closely with NorthgateArinso’s lawyers Minter Ellison (Melbourne) and Kelly & Co (who acted for management) to deliver a timely transaction,” said Ms Reynolds.
Neller currently develops and markets Preceda On Demand, one of the leading Software as a
Service (SaaS) offerings for the HR industry. Preceda is a comprehensive, fully integrated HR
payroll solution that incorporates people management, time & attendance, payroll processing,
reporting and self-service functionality. Neller’s subsidiary, Neller Employer Services (NES), also
provides comprehensive outsourced managed payroll processing services.
Neller is very well recognised and respected and their credentials in Australia are second to none,
which is why they were a perfect complement to the growing NorthgateArinso business.