Paid family leave mandates now cover 14 states and Washington, D.C.

What SPG is buying

HCM Unlocked was founded in 2018 and is led by CEO John Wallace of [city, state]. It advises mid-market and enterprise clients on selecting and implementing HR technology and manages those systems afterward. Its DELTA platform uses artificial intelligence to check data accuracy across payroll, time and attendance, HR and benefits systems, and works across multiple software vendors instead of requiring one suite.

Many mid-market employers bought their HR software piecemeal over the years. At those companies leave data is often split between a payroll provider, an HR information system and a benefits platform, and a contribution rate entered incorrectly in one can cause errors in the others.

Roughly 200 HCM Unlocked employees will move to SPG, and the company will keep its name. Financial terms weren’t disclosed. Wallace said HCM Unlocked was set up to handle payroll, HR, benefits, compliance and technology together rather than as separate problems, and that SPG would give it more resources to serve existing clients.

Chris Treanor, president and CEO of SPG in [city, state], said HCM Unlocked was built around the problems its clients actually face. He said specialized expertise, technology and data are increasingly shaping employee benefits and workforce services. SPG’s businesses include underwriting management, digital solutions, wholesale and specialty retail brokerage, and insurance services.