ZenaTech Completes Acquisition of NOW Solutions Inc., Expanding its Enterprise SaaS Division with Government and Public Sector Customers and Strengthening Recurring Revenue Growth

ZenaTech, a technology solution provider specializing in AI (Artificial Intelligence) drones, Drone as a Service (DaaS), enterprise SaaS, and Quantum Computing solutions, announces the acquisition of all material assets of NOW Solutions Inc., a Richardson, Texas-based, HR and payroll software company with a long-standing list of customers including schools, hospitals, municipal organizations, and government entities across the U.S. and Canada. The material assets of the Human Resource Management System (HRMS) company, which serves small to mid-market-sized customers with workforces of 1000 to 20,000 employees, was acquired through a bankruptcy sale process under U.S. bankruptcy law. This acquisition adds a recurring revenue business with decades-long customer relationships, further strengthening ZenaTech’s Enterprise SaaS division and portfolio of software companies and brands.

“Through this acquisition we are strengthening and expanding our Enterprise SaaS division with a company that brings deep market presence and long-standing customer relationships,” said Shaun Passley, Ph.D., ZenaTech CEO. “We are committed to optimizing long-term customer value while growing the customer base. Importantly, this transaction adds a significant base of government and public sector clients, many of which are legacy, multi-decade relationships, further enhancing the durability of our revenue streams and underpinning consistent, high-quality growth for our investors.”

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NOW Solutions delivers HR and payroll solutions that help organizations streamline operations and enhance workforce management. With a web-based platform called emPath, the company provides capabilities that unify human resources and payroll functions into a single, accessible system. The emPath platform enables organizations to efficiently manage employee compensation, skills tracking, absence management, performance reviews, and workforce analytics—while delivering employee self-service capabilities that empower employees and reduce administrative burden.

The global HRIS software market exceeds $12 billion annually growing at 8.5% per year according to market analyst Verified Market Reports, with strong continued growth driven by increasing regulatory complexity and workforce management demands. While the target market for many HRIS providers is to service clients with tens of thousands to hundreds of thousands of employees, ZenaTech management believes a significant addressable market exists for the 1,000 to 20,000 employee segments where specialized providers like NOW Solutions deliver trusted, compliant solutions and service continuity.

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