FRAMINGHAM, Mass.--Workscape Inc., a provider of benefits and workforce management solutions, today announced that it has acquired the business of Performaworks, Inc., a leading developer of Goal-Driven Performance Managementsoftware based in Burlington, Mass.
The acquisition unites Workscape's award-winning enterprise compensation management solution with Performaworks' leading products for employee performance management under the OneForce product family. The combined offering results in a highly adaptive and configurable "pay for performance" solution that is designed to be used by employees and managers, is built to handle both the complexity and the scale required by large enterprises, and is available in both licensed and hosted deployment options. Financial terms of the transaction were not disclosed.
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