Modern Administration Systems Acquires EasyAdmin Business Line
Investment expands reach in the union and Taft-Hartley fund market
Cambridge, MA - - April 21, 2023 - - Modern Administration Systems, LLC today announced it has entered into an asset purchase agreement to acquire all operating assets related to the EasyAdmin brand as well as the healthcare integration services line from Decusoft, Inc., a leading SaaS provider of enterprise-class compensation, incentive, and total rewards management.
Modern Administration Systems was launched by Susan Loconto Penta and Michael J. Goldberger, owners and co-founders of MIDIOR Consulting, which has been a strategic partner with Decusoft, and has a long history and deep expertise in the union and fund administration sector. Decusoft approached Penta and Goldberger last year to discuss the possibility of an investment, and after careful consideration, the decision was made to establish a new entity and acquire the business lines. “Upon our board of directors’ decision to concentrate our focus on the Human Capital Management sector, it became imperative to find and select an entity to acquire the non-HCM assets that aligned with Decusoft’s core values and that placed a high priority on employees and customers in terms of culture and support,” said Bob Laurenzo, former CEO and co-owner of Decusoft. “Leveraging the long-term partnership with Susan and Michael along with their deep expertise in the multi-employer and public fund administration sector, we have no doubt that Modern Administration Systems will expand the support of our existing customers, invest in the EasyAdmin platform, and support future growth.”
Modern Administration Systems will be managed as a separate entity, and features an existing, long- tenured team that will continue to operate both the EasyAdmin and healthcare integration businesses. However, Penta and Goldberger anticipate that the acquisition will bring benefits to the MIDIOR client base. "We are excited to expand our presence in the union and Taft-Hartley fund market through this acquisition," said Susan Loconto Penta, co-founder and Managing Partner at MIDIOR. "Our primary focus will remain with MIDIOR, but we see this as an opportunity to better serve our clients by offering additional capabilities and development resources."
The acquisition of EasyAdmin is part of Penta and Goldberger's strategy to expand the options for software and related services available to unions and funds. "We are thrilled to be working with the experienced teams coming from Decusoft," said Michael Goldberger, co-founder and Partner at MIDIOR. "We believe that our combined expertise will allow us to offer a higher level of service to our existing and future clients in the union and benefits administration space as well as the other industries we serve."
About Modern Administration Systems LLC
Modern Administration Systems provides software solutions to multi-employer plans, trust fund offices, third-party administrators and unions as well as data integration solutions for laboratories and diagnostic testing companies. With a focus on simplifying administration and connecting members to the information they need, Modern Administration Systems’ cloud-based administration solution (EasyAdmin) and self-service portals deliver the most secure, compliant and modern bridge to our customers’ digital future.
About MIDIOR Consulting
MIDIOR is a business and technology consulting firm that delivers value for clients by unleashing the power of their products and platforms. The firm works with clients across a range of industries including financial services, multi-employer funds and technology. For more information, visit www.midior.com.
Decusoft is the leading partner to enterprises of all sizes who struggle to manage the complexity of the number one business expense in America: employee compensation. Decusoft’s platform, Compose, helps companies plan, manage, and analyze their employee compensation programs.