ISYSTEMS

iSystems, headquartered in Colchester, VT, is a leading national Software as a Service ("SaaS") provider of payroll, tax and HR management software for service bureaus including independent payroll processors, banks and CPAs. iSystems delivers payroll processing capabilities to service bureaus through its core software platform, evolution®. The Company then sells optional add-on modules around evolution®, including employee self-service, payroll manager self-service, HRIS systems, benefit en... rollment, check printing, data back-up, training services, help desk support and other consulting services. With the iSystems' products providing the core processing capability, the Company's service bureau customers then sell outsourced payroll processing services into the end market. iSystems has approximately 100 licensees who in turn process payroll for roughly 75,000 small and mid-sized businesses.More