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Ascentis Announces DJ Chhabra as New Chief Executive Officer - Former Oracle executive and Enwisen president named as new CEO for leading human capital management company - Ascentis.com
Ascentis Announces DJ Chhabra as New Chief Executive Officer

 

NewswireToday - /newswire/ - Bellevue, WA, United States, 2012/01/10 - Former Oracle executive and Enwisen president named as new CEO for leading human capital management company - Ascentis.com.

   
 
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The board of directors of Ascentis Corporation, a market leader in easy-to-use human resources software, online payroll services, and human capital management (HCM) solutions, announced today the appointment of DJ Chhabra as chief executive officer. Chhabra succeeds retiring Ascentis CEO Les Goldstein.

Chhabra has been in the HCM industry for 23 years. Chhabra was most recently president of Enwisen, an HR communications software-as-a-service (SaaS) provider. During his tenure, Enwisen experienced substantial growth in revenue, market share and its product portfolio, and was successfully acquired in January of 2011 by Lawson Software. Prior to Enwisen, Chhabra was vice president of Oracle/PeopleSoft HCM applications, where he was responsible for global product strategy, HR development and business alliances.

“The requirements of HR and payroll functions have dramatically evolved as they become more integral to the strategic direction of a business. With its cutting-edge technology, Ascentis is addressing the changing and growing needs of the human capital management industry,” said Chhabra. “I am privileged to join the Ascentis team of talented professionals and to continue the tradition of delivering exceptional customer service and product excellence.”

“Within a dynamic HR technology market, software-as-a-service (SaaS) is on an upward trend,” according to a 2011 report by Towers-Watson titled An Expansive Landscape of HR Service Delivery Opportunities. More than half of the organizations surveyed were either using or planning to implement a SaaS solution, indicating a significant shift toward newer technologies. With its advanced SaaS HCM platform, Ascentis is well positioned to capture new market share.

“The fast-moving nature of our industry requires a leader who can inspire and innovate, especially in critical growth areas,” said Walter Turek, Ascentis’ executive chairman. “With his deep knowledge of the industry and his rich experience in translating new ideas into business opportunities, DJ is ideally suited to lead Ascentis.”

About Ascentis

Headquartered in Bellevue, Washington, Ascentis (ascentis.com) offers easy-to-use human capital management (HCM) software, HRIS, online payroll, recruiting and timekeeping solutions that support greater business efficiency and accuracy. Ascentis technology automates critical processes such as full-scale benefits management, compliance, online open enrollment, time and attendance, real-time payroll processing, tax filing, applicant tracking, employee and manager self-service and reporting. One point of data entry means employee information is accurate, up-to-date and reportable. Electronic submission of information to insurance carriers eliminates errors and supports a paperless open enrollment process. Ascentis offers world-class customer service and continues to add software offerings to its suite of human capital management solutions.

 
 
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Ascentis Announces DJ Chhabra as New Chief Executive Officer

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Publisher Contact: Heather Bansemer - Ascentis.com 
800-229-2713 x174 heather.bansemer[.]ascentis.com
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Ascentis securities in any jurisdiction including any other companies listed or named in this release.

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