Wizrom said it fully acquired the company WizSalary, specialized in providing software solutions and outsourcing services for the payment of salaries in Romania. Wizrom held 48% of WizSalary shares before the acquisition and now, it gained full control.
Wizrom Chairman Zohara Davidai said Wizrom fully acquired WizSalary, following a cash transaction, and thus became the sole shareholder of the company. According to Davidai, the acquisition reflects Wizrom’s financial and operational strength and a new path to growth.
Following the transaction, Wizrom will integrate WizSalary and develop WizOne, by October, whereby it will meet the needs of companies in the field of human resource management.
Wizrom was set up in 1992 and specializes in software solutions for business management. Wizrom has over 4,000 clients and 34,000 users.