Humanic Design Corporation, is a specialized software company that develops, licenses, distributes, implements and supports human resource management systems. Humanic's software is based on the Oracle database and is written in Oracle forms. It is Internet accessible and provides employee self-service. Humanic's HRMS is the leading Oracle-based HR product for employers with 200-5000 employees.
Although its HRMS product is regarded as one of the best in the industry, and is the easiest and least costly to install, Humanic, as a small firm, has in the past lost sales because of its size. As a Fiserv division, Humanic has access to a much larger customer base, and the backing of a large public company that assures its customers of the long-term viability of its products.
Fiserv, Inc. sought the acquisition to enhance the product and services offerings of the Fiserv Human Resources Information Services Division located in Melville, New York. This Division is expanding to address a wide range of employer services and will use Humanic's technology skills in the creation of integrated and Internet-based services. Existing management will continue with the company.