Mangrove Grows with Access1Source-Utah Acquisition

Fri Jul 10, 2009 10:40am EDT
 
[-] Text [+]
New business acquisition grows the Tampa-based company's already substantial
client base

TAMPA, Fla., July 10 /PRNewswire/ -- Mangrove Employer Services today
announced that is has reached a definitive agreement to acquire Access1Source
of Utah, a service bureau organization and licensee of Mangrove's flagship
product, Workforce Empowerment(TM). Access1Source provides payroll and tax
processing, time and attendance solutions, and operates a health and welfare
benefit brokerage. Based in American Fork, UT, Access1Source will become part
of Mangrove to offer and support its solutions for HR, Recruitment, Payroll,
Benefits Administration, and Self Service. The offices and staff in American
Fork will continue to operate uninterrupted.

(Logo:  http://www.newscom.com/cgi-bin/prnh/20090119/CLM026LOGO )

This integration will add over 200 clients to Mangrove's already substantial
base. Owner and President of Access1Source, Kent Kowalis, will be retained as
Mangrove's Vice President of Tax and Compliance Services. 

"Access1Source is one of our most seasoned and capable Service Bureau
organizations. I'm excited about the addition of their professional, capable
staff, and I look forward to working with Kent. His highly disciplined
approach, efficient and accurate tax process, and watertight financial
controls will help us drive our process efficiencies and continued growth.
This merger will immediately augment Mangrove's West Coast presence, support
infrastructure, and capacity for new client onboarding. For Access1Source
clients and staff, it will be business as usual, with the same great products
and same friendly, capable staff servicing them," commented Richard Cangemi,
CEO of Mangrove.

About Mangrove

Founded in 1994, Mangrove is a leading provider of Payroll, Human Resource
Management and Benefits Administration software and services that are designed
for Workforce Empowerment(TM). Headquartered in Tampa, Florida, Mangrove hosts
thousands of Human Resource, Payroll and Benefits Administration customers
consisting of organizations of all sizes within all industries including
numerous Hotels, Manufacturers, Health Care Organizations, Retailers, Payroll
Service Bureaus, and Administrator Service Organizations -- www.eMangrove.com.


SOURCE  Mangrove Employer Services

Linda Athans, Marketing Manager of Mangrove, +1-813-387-3101

 

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