Axsium Group Acquires LSI, Expands Workforce Management Services

Axsium Group, a Workforce Management (WFM) consulting firm, announces the expansion of its service offerings to include the development of Engineered Labor Standards, a key component of WFM solutions. Through an agreement with Labor Solutions International, Axsium Group has agreed to license the intellectual property of LSI's labor standards consulting practice and will hire several of LSI's industrial engineering consultants, including LSI's current president, Kevin Donnelly.

The addition of LSI's engineering experts enhances Axsium's service offerings in retail. Labor standards are used to determine workload demand and form the foundation of strategic process transformation initiatives. LSI's industrial engineers have developed labor standards for all retail sectors, and have developed "wall-to-wall" labor standards and integrated them into workforce management software packages.

The expansion also will further help customers understand, at a detailed level, the nature and cost of the activities and tasks their employees perform on a regular basis, information that is critical to systematically forecast the demand for labor.

Acquisitions amongst technology companies have been rampant in the first half of 2009. SAP recently announced in July its intent to acquire SAF. Earlier this year, Oracle announced it would acquire Sun Microsystems and DemandTec acquired privately-held Connect3.