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13/10/2016
Mercer and PayScale, a provider of compensation management software, have announced a strategic alliance to advance compensation data and software solutions for their clients. As part of the alliance, Mercer is to secure an equity stake in PayScale, building on the former’s position in reward consulting. Each will provide a global channel for distributing the other’s products.
Ilya Bonic, senior partner and president of Mercer’s career business, said:
‘Our strategic alliance with PayScale is an ideal opportunity for Mercer to provide clients with new technology platforms as we help them transition to a digital future. By investing in PayScale, and serving on its Board, Mercer will have a frontline view of the most promising technologies as well as contribute to the development of new data products’.