Mangrove Grows with Access1Source-Utah Acquisition

TAMPA, Fla., July 10 /PRNewswire/ -- Mangrove Employer Services today announced that is has reached a definitive agreement to acquire Access1Source of Utah, a service bureau organization and licensee of Mangrove's flagship product, Workforce Empowerment(TM). Access1Source provides payroll and tax processing, time and attendance solutions, and operates a health and welfare benefit brokerage. Based in American Fork, UT, Access1Source will become part of Mangrove to offer and support its solutions for HR, Recruitment, Payroll, Benefits Administration, and Self Service. The offices and staff in American Fork will continue to operate uninterrupted.

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This integration will add over 200 clients to Mangrove's already substantial base. Owner and President of Access1Source, Kent Kowalis, will be retained as Mangrove's Vice President of Tax and Compliance Services.

"Access1Source is one of our most seasoned and capable Service Bureau organizations. I'm excited about the addition of their professional, capable staff, and I look forward to working with Kent. His highly disciplined approach, efficient and accurate tax process, and watertight financial controls will help us drive our process efficiencies and continued growth. This merger will immediately augment Mangrove's West Coast presence, support infrastructure, and capacity for new client onboarding. For Access1Source clients and staff, it will be business as usual, with the same great products and same friendly, capable staff servicing them," commented Richard Cangemi, CEO of Mangrove.

About Mangrove

Founded in 1994, Mangrove is a leading provider of Payroll, Human Resource Management and Benefits Administration software and services that are designed for Workforce Empowerment(TM). Headquartered in Tampa, Florida, Mangrove hosts thousands of Human Resource, Payroll and Benefits Administration customers consisting of organizations of all sizes within all industries including numerous Hotels, Manufacturers, Health Care Organizations, Retailers, Payroll Service Bureaus, and Administrator Service Organizations -- www.eMangrove.com.