Inova Payroll Merges with Two Payroll Service Companies Further Accelerating Growth
The Combination Adds Office Locations in California and Missouri
Inova Payroll announces the merger with Integrated Payroll Services (IPS) in St. Louis, Missouri, and LinkHCM in Rancho Cucamonga, California. The combined enterprise is now among the top-three privately-held payroll and HR companies in the United States, serving nearly 5,000 employers, encompassing 200,000 active employees.
Inova Payroll provides a comprehensive suite of human capital management (HCM) solutions to employers nationwide while maintaining a personal, high-touch service standard. The merger with IPS and LinkHCM expands Inova’s operations and service center footprint to California and Missouri, resulting in eleven offices across nine states.
“I started this business ten years ago with the goal of creating a national payroll services company focused on high client satisfaction,” said Farsheed Ferdowsi, President and CEO of Inova Payroll. “Today, through the addition of these two excellent companies, Inova is among the top three independent payroll and HCM service providers in the country offering our clients a full-suite of innovative human capital management solutions and services.”
Joe Schweppe, Co-Founder and President of IPS, added, “Merging IPS with Inova provides our customers with more access to superior customer service and scalable HCM solutions throughout the country. We look forward to helping our customers and associates grow with the availability of more solutions and services.”
“When I started my business 22 years ago, I was focused on building a payroll company known for its customer service, and that is our hallmark to this day,” stated Mike Demerjian, CEO of LinkHCM. “All of us at LinkHCM are excited to be a part of the Inova team dedicated to exceptional service and committed to employer success,” concluded Demerjian.
“This transaction combines three well-run and successful organizations into one national enterprise. Our values are aligned; our vision for the future is in synch,” Ferdowsi said. “And, I am proud to lead this remarkably talented group of professionals to new heights.”