Empagio Emerges as the "US-Based Payroll Business" and Merges with Workstream

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Workstream finally announced the “merger” with the “US-based payroll business” revealing today the suitor as Empagio.  Based on the merger agreement, Empagio will own 75% and Workstream will own 25% of the combined company.  Based on Workstream’s market capitalization, this means Empagio, pre-merger, is valued at over $100 million — a valuation I find expensive especially considering the fragile state of the public markets.

Most importantly, though, my prediction as Empagio being the suitor was right and now it’s time to collect from Phil Fersht, Lisa Rowan, Lexy Martin and Stan Carpenter.  Please make donations directly to the Lance Armstrong Foundation!

  • Bill Kutik

    So glad I didn’t bet against you, Jason. Congratulations for thinking outside the box and getting it right!

  • http://systematichr.com Dubs

    I’m also glad I didn’t bet against you. How did you pull this one out of the hat???

    -Dubs

  • http://www.fersht.typepad.com Phil Fersht

    So who’s next on the block?

  • http://www.cedarcrestone.com Lexy Martin

    Congratulations. Hopefully Empagio will capitalize on the Kadiri diamond within the Workstream portfolio. Now, how much did I bet?

  • Lisa Rowan

    I’m off to write my check, Jason. Wow, this one had me fooled.

  • http://www.amrresearch.com/services/Market_Services/Human_Capital_Management.asp Christa Degnan Manning

    You obviously had a tip! I wouldn’t be surprised if Seth bragged to you himself…

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