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BOSTON-An Internet human resource software developer based here has signed a $60-million merger deal, which company officials say will help the firm double its present workforce and office space needs in the next year. The merged companies are Interlynx Technology, which is headquartered at 90 Canal St., and ProAct Technologies Corp. of New York City, formerly known as CFN.

Senior executives of the human resources industry founded Interlynx six years ago. Michael George, co-founder, president and chief executive officer, says it began operations with just three employees. Today, the company has expanded to 50 workers and occupies 10,000 sf of space. It has a client base that include: Honeywell, Compaq Computer, General Electric and Phillips Electronics. Its partners include: KPMG Consulting, Extensity, Sun Microsystems and CDG & Associates.

“We are probably going to be almost doubling in size in the next year,” George predicts, regarding the impact the merger deal will have on its Boston operations.

ProAct Technologies, which is a leading Internet portal for human resource-related services, employs approximately 400 workers. George notes the merged company will most likely have a combined workforce of approximately 700 employees by year end 2001. The company is headquartered at 100 Fifth Ave. in Manhattan and also has offices in White Plains, Atlanta and Duluth, GA.

George says that the company will be searching for new office space in 2001 and hopes to take advantage of the downturn in the dot-com sector. He notes that the firm will hope to secure space that was previously occupied and upgraded by a now defunct technology-related company.

He estimates that the company will require approximately 20,000 sf of space. He adds that the firm will try to stay in the Canal St. area if possible.

Commenting on its acquisition, Cathleen Raffaeli, president and chief operating officer of ProAct Technologies, says, “By joining forces we will be able to offer the marketplace the defacto, integrated application for the eHR transactions in the employee and manager self-service area.”

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