has been acquired by

TimePlus is a leading provider
of payroll and benefits
software and services.

The undersigned acted as financial advisor to TimePlus in this Transaction



TimePlus is a leading provider of payroll, tax, and benefits management software and services in the United States and Canada. The Company provides solutions directly to approximately 3,200 small and medium-sized businesses, and its software licensees operate over 160 offices throughout the United States and Canada, servicing over 25,000 businesses.


The Company’s private equity owner selected Croft & Bender to advise the Company through an exclusive sale process, which included valuing the Company, identifying potential acquirers, drafting the offering memorandum and related materials, marketing the Company, selecting a partner, and negotiating the transaction.


Croft & Bender successfully negotiated the sale of the Company to Indiana-based IOI Payroll Services, Inc., a national provider of payroll and employer outsourcing services.