HR tech company HiBob has announced its acquisition of Pento, a cloud-based payroll automation platform based in the U.K. The acquisition will help strengthen HiBob’s human capital management platform, Bob, with embedded payroll technology.
Traditional payroll processes are time-consuming, error-prone and difficult to manage, according to HiBob, which is why the company sees Pento’s modern approach as a valuable addition to its business. Pento’s solution leverages real-time payment automation to deliver a streamlined approach to payroll management. Its platform has reduced payment processing time from weeks to minutes for more than 400 customers in the U.K., many of which already use the Bob platform.
This acquisition follows HiBob’s release of Payroll Hub in 2021 and advances the company’s goal of helping U.K. businesses efficiently solve payroll complexity. HiBob aims to offer a comprehensive HR and payroll solution for businesses, allowing them to focus on people management rather than manual work.
