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OnCentive Acquires ACA Compliance Technology, SyncStream Solutions, Inc.
OnCentive, a leader in tax credits and business incentives, today announced that it has completed the acquisition of SyncStream Solutions, LLC, the first-to-market comprehensive ACA compliance and reporting technology platform.
"We are thrilled to announce our acquisition of SyncStream Solutions and welcome their clients, partners, and employees to OnCentive," said OnCentive CEO & Co-Founder Shannon Scott. "Adding SyncStream's robust ACA compliance toolset into OnCentive's expanding portfolio allows us to further increase clients' profitability by increasing their government compliance and mitigating their financial risk."
The SyncStream employees will remain based out of New Orleans, LA, and will have the expanded resources of OnCentive’s Birmingham, AL headquarters and nationally-located sales team. Scott will assume the role of CEO of SyncStream, shifting SyncStream’s interim CEO, Kevin Anhalt, to Chief Revenue Officer to grow strategic partnerships.
“Today's announcement brings to market a powerful combination of technology and expertise to enable organizations of all sizes to effectively seize opportunities and remove barriers to business growth,” said SyncStream’s Kevin Anhalt. “I've personally known OnCentive’s CEO, Shannon Scott, for over 12 years, and have long admired the skills and knowledge he brings to building dynamic, successful companies, and the inclusive, support-focused cultures he promotes. Team SyncStream is excited about working alongside Team OnCentive, to provide our clients with continuity as well as expanded support and expertise, which will get them - and us - to the next level.”
Both companies share the same dedication to compliance and risk mitigation and delivering simplified solutions to an employer's complex problems. The acquisition gives SyncStream’s 4,000 clients access to OnCentive’s state-of-the-art tax credit toolset and 100 years of combined tax credit expertise. The joint capabilities of the two organizations create a technology offering that provides clients the ability to navigate government compliance and capture government hiring incentives with minimal effort.
“OnCentive’s mission is to democratize business incentives by making it easy for business owners of any size to leverage complex government programs that can quickly increase their profitability,” said Lindsay Morton, Chief Growth Officer of OnCentive. “Using the same employee data, we can now help business owners identify and capture lucrative tax credits, track their ACA compliance, and increase their company’s profitability, all without complicated paper processes and time-consuming manual labor.”
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What Clients Say About OnCentive:
Don't just take it from us.
Morgan Akins, The Arc of Tuscaloosa
"The OnCentive team helped our non-profit raise hourly wages to attract and retain employees through a very difficult labor market. The services we provide our clients are critical to the community. Thanks to OnCentive we are able to remain competitive as an employer. Their team is great to work with and without a doubt will help you maximize the amount your organization can recover.”
Tawny DeBolt, Neon HCM
"OnCentive has delivered millions of dollars in credits to our clients. We had them take a look at our business and they found over $100k in cash refunds for our company. Their staff treats every one of our clients like they are their own and our clients and ecstatic we made the introduction."
Cliff Morgan, CFO Concrete Guys
"OnCentive has exceeded our expectations. We were skeptical on whether or not these programs would work for us but they absolutely made us believers. I would highly recommend them to any business looking to increase its profitability.”
Led by Tax Attorneys,
CPAs & Credit Experts
Our leadership has over 150 years of combined tax experience. With $3 billion in incentives captured, you are in good hands with OnCentive.
Quality Guaranteed
In the unlikely event that your credit is ever contested, the OnCentive team will defend our work and will fully refund any credits that are disallowed.
Maximum Credit Yield
Our profitability is tied with yours. We work off success fees which means we are motivated to find the maximum credits your business can qualify for.
