We’re writing to let you know that Solen Software Group, an evergreen private equity firm with a history of investing in mission-critical software companies, has signed a definitive agreement to acquire UKG^® Banking Solutions.

While there is no change to your Banking Solutions or processes at this time, we wanted you to be the first to know of this next chapter for your Banking Solutions. Solen Software Group—with its track record of investing in enduring software solutions—is ideally suited to take the Banking Solutions into the future.

Upon closing, Chris Thomas will lead the business through the transition of this exciting new chapter. Mr. Thomas has over 20 years of industry experience, including four years leading the Banking Solutions business within UKG.

UKG will continue to support you throughout this acquisition, which is expected to close within 60 days, to ensure a smooth transition for you and your people.

We’ll be in touch in the coming weeks with more details on what you can expect once the acquisition closes. In the meantime, if you have any questions, please reach out to sean.d.wright@ukg.com or send an email to hello@ukg.com.