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1/7/2013 10:50 AM ET

Heartland Payment Systems (HPY: Quote) said Monday that it has expanded its Heartland Payroll Services business by acquiring Ovation Payroll, U.S. payroll outsourcing company that offers payroll tax preparation and administration, Internet payroll reporting, direct deposit, and other services.

Headquartered in Rochester, N.Y., with six additional locations nationwide, Ovation Payroll serves nearly 10,000 clients in 48 states and is listed on the Inc. 5000 list of America's Fastest Growing Companies. Heartland will retain Ovation's nearly 150 employees as well as its executive leadership.

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