HR ANALYTICS,HR STRATEGY

HR Company Deel Completes PayGroup Acquisition

Deel | November 22, 2022 | Read time : 03:00 min

HR Company Deel Completes PayGroup Acquisition
Deel has completed its $AU 121M acquisition of APAC-based payroll and HCM company PayGroup Limited. PayGroup is now part of Deel, a private San Francisco-based payroll company, and has been delisted from the Australian Stock Exchange.

Initiated in July 2022, the acquisition’s completion makes Deel a true leader in the global payroll and human capital management (HCM) space. It furthers Deel’s mission of helping millions of people work for the best companies in the world.

PayGroup has a strong presence in countries like Australia, New Zealand, India, Philippines, Singapore, Malaysia and Japan, processing roughly $AU 12 billion in payroll per year for over 3,000 businesses. The company has been steadily growing this year, targeting an annual recurring revenue of $AU 39 million, and is EBITDA positive.

PayGroup’s HCM and in-house payroll software provide solutions for enterprise clients spanning many industries, from staffing and workforce management companies, to retail and franchise clients like Nike and Subway. Its unique positioning in APAC has allowed the company to develop strong partnerships with some of the best global payroll companies in the world to power their platforms. Acquiring PayGroup means Deel has an even more powerful multichannel strategy for implementing its platform and technology - both directly and indirectly - to customers and partners.

Deel and PayGroup have been actively working on their integration, and today, with payroll coverage in 90+ countries, Deel and PayGroup now offer an unmatched solution on the market. They expect to announce a new merged version of their software solution in H1 2023, which will combine PayGroup’s 15+ years of expertise delivering HR and payroll software solutions with Deel’s simple, customer-centric platform. All of PayGroup’s team members have joined Deel.

“Together, we are building the first truly global solution in the payroll and HCM industry, giving businesses around the world the ability to hire, pay, and manage the best talent, no matter where they’re located. The completion of the acquisition scales our payroll and HCM expertise, expands our customer base in the region, and reinforces our leadership in the global payroll space.”

- Deel co-founder and CFO Philippe Bouaziz

About Deel
Deel helps companies hire anyone, anywhere through its global payroll and compliance platform. Companies can hire, manage, and pay independent workers and full-time employees in more than 150 countries, in a few minutes, compliantly.

Spotlight

Ascender (formerly Talent2 HRMS), is the leading payroll and learning outsourcing provider in the Asia-Pacific and Middle East region. We are a human-made organisation that sets the bar higher, puts the passion into providing, and is leading the charge on change. Our people, processes and technology can integrate seamlessly with your current systems, or provide a holistic unified experience, for all your Human Capital Management needs.

Spotlight

Ascender (formerly Talent2 HRMS), is the leading payroll and learning outsourcing provider in the Asia-Pacific and Middle East region. We are a human-made organisation that sets the bar higher, puts the passion into providing, and is leading the charge on change. Our people, processes and technology can integrate seamlessly with your current systems, or provide a holistic unified experience, for all your Human Capital Management needs.

Related News

HR ANALYTICS, WORKFORCE MANAGEMENT

Hireology Extends Technology Partnership with UKG

Hireology | January 20, 2023

On January 19, 2023, Hireology, all-in-one hiring and HR software provider, extended their partnership with UKG, a leading provider of payroll, HR and workforce management solutions provider. In the Human Capital Management (HCM) industry, UKG offers one of the largest, culture-focused ecosystems of partnerships, with 315 service and technology partners, to improve employee experiences and business outcomes. With this partnership, companies that use both Hireology and UKG Pro solutions can automatically send new hire information from Hireology to UKG Pro as soon as a hire is made. This gives users the ability to get new hires onboarded faster. Also, the integration will make it possible to view end-to-end system data and reporting. Hireology gives businesses the tools they need to find and bring talent while also making the hiring process easy for candidates. Hireology is the only provider that has full lifecycle integration capabilities. It integrates employee data into its employee referral program management solution. The platform also promotes internal mobility and passive candidate re-engagement to boost retention. Adam Robinson, CEO of Hireology, said, “Hireology is committed to helping businesses connect with better talent through the right channels, hire faster, and effectively manage their teams all within one centralized, intuitive platform." He added, "When integrated together, Hireology and UKG Pro do just that. The two world-class platforms turn hiring, HR, payroll, and workforce management into an all-in-one process that hiring teams and candidates will love." (Source - PRNewswire) This integration extends the capabilities and benefits of Hireology's existing UKG Ready partnership to a wide group of UKG and Hireology customers. All Hireology + UKG Pro users can now leverage the capabilities of this integration. About Hireology Hireology is a recruiting and human resources platform that helps decentralized businesses attract and retain talent. Hireology combined the manual and disconnected recruiting and hiring processes into a single platform. It assists businesses in attracting and hiring their best teams and quickly integrating them into the rest of the organization. With specialized knowledge in various industries, including automotive, hospitality, health care, fitness and wellness, and professional services, over 9,000 businesses now rely on Hireology to build their strongest teams and put people first. The company supports HR and business leaders across the employee lifecycle in one platform, from pre-hire to post-hire.

Read More

HR ANALYTICS, HR STRATEGY

Visier and HR.com Partner to Provide HR Practitioners with People Analytics Skills

Visier and HR.com | November 02, 2022

Visier, the globally recognized leader in people analytics and on-demand answers for people-powered business, today announced a new partnership with HR.com, the largest online community of human resources (HR) practitioners, designed to support the growing demands on HR professionals to unlock the value of their organizations' people data. Through this partnership, Visier and HR.com will offer HR professionals a wealth of resources to build their personal and organizational analytical skills. This includes webinars, starter guides for people analytics, regular thought leadership content, as well as direct access through HR.com into Visier's Benchmarks of over 20 million employee records. Practitioners can use these benchmarks to reference data like career progression, exit, and diversity metrics across the last few years across 22 different industries. "The amount of data HR professionals encounter day-to-day is staggering, and it's coming across multiple fragmented systems, making it difficult to discern true insights, People data has the transformative ability to help organizations meet the disruptions and challenges of today's market, but this means building new capabilities inside of HR, and upleveling the skills of HR professionals, to unleash the power of the growing mountain of data they sit on." -Paul Rubenstein, Chief People Officer of Visier Over the past few years, HR teams have been inundated with a growing volume of people data. According to the 2022 Sapient Insights HR Systems Survey Report, HR teams report having 16 major HR modules in 2021, up from 10 in 2020, an overall increase of 58%. Yet, despite the increase in data, only 46% of organizations reported seeing their HR function as providing strategic value to their business, a clear divide between the work demanded of HR and the perceived value output. HR.com was founded to positively impact workforces by building up and supporting HR professionals to maximize their potential, Our partnership with Visier is a natural extension of that mission by providing tools and skills development to build more strategic HR functions through insightful data,said Debbie McGrath, CEO of HR.com. About Visier Visier is the recognized global leader in people analytics, providing on-demand answers to people-powered businesses. Behind every great brand, product, or idea is the Human Truth, and the Visier People Cloud reveals the fundamental questions and actionable truths capable of elevating your employees—and your business—to new heights. Founded in 2010 by the pioneers of business intelligence, Visier has over 25,000 customers in 75 countries around the world, including enterprises like BASF, Bridgestone, Electronic Arts, McKesson, MerckKGaA, Uber, and more. Visier is headquartered in Vancouver, BC with offices and team members worldwide. About HR.com HR.com, the largest network of HR professionals, is committed to helping HR professionals advance and build meaningful careers. Over 2 million HR professionals rely on HR.com for education, career development, networking, and compliance 24/7/365. (How could that many people be wrong!) Offerings include 180+ leading-edge HR Research Institute industry studies, 13 HR-themed epublications, innovative professional education with 250+ annual webcasts and virtual courses, the most comprehensive HR exam prep program for SHRM/HRCI certification (prepare for a salary increase!), HR tools, and legal compliance updates.

Read More

WORKFORCE MANAGEMENT

People-Enablement Platform Leapsome Commits to Global Expansion With US Launch

Leapsome | November 11, 2022

Leapsome, the people enablement platform that drives employee engagement, performance, and learning, today announces its expansion into the US market with the launch of its NYC office. The need for an on-the-ground US presence speaks to the rapid growth of the HR technology market globally, which is projected to grow from US$24.04 billion in 2021 to 35.66 billion in 20381. Today’s business leaders are more in tune with the value of people enablement and recognize that they cannot sustainably scale their organizations without developing their people. “The US software market is the largest in the world, and companies here are already focusing more on the potential of the people enablement category than in the European market. We currently generate 20% of our revenue from the US. Now, with our team on the ground in NYC, we hope to significantly increase our market share and continue to scale Leapsome into a global brand. It is our goal to shape the future of the HR tech market. By 2025, we aim to welcome 1.5 million users to our platform; to achieve this, we are expanding our position as a market leader globally,” -Marc-Alexander Vetter, Head of US Expansion at Leapsome Leapsome is the all-in-one solution for people enablement — from strategic goal-setting and performance feedback to measuring engagement, learning, and development. Almost 1500 forward-thinking companies (including Spotify, Unity, and Sony Music) love Leapsome for its ease of use, flexibility, out-of-the-box functionality, seamless integrations, and action-oriented people analytics. Leapsome begins its American presence with a 25-person team working out of its New York office; this team will grow to 50-strong by the end of 2022. Jenny Podewils, Leapsome’s Co-CEO, will relocate from Berlin to NYC to scale the company’s US operations. Jenny Podewils, Co-CEO of Leapsome, comments: It’s important to us that Berlin and NYC will be strong and equally significant hubs with close ties and a unified cultural core. I’m excited about this new chapter in Leapsome’s and my founder journey. Our successful Co-CEO model provides us the unique opportunity to commit, at leadership level, to both markets. With Kajetan in Berlin and me scaling the US business in New York, we underline our ambition to build a global company and global category. The NYC office will enable Leapsome to provide local support for its growing US customer base, allowing the company to further its mission to make work more fulfilling for everyone — everywhere. Leapsome chose New York for its exceptional talent pool, prime customer networking opportunities, and time zone suited to European collaboration. About Leapsome Leapsome is the leading People Enablement platform, with almost 1,500 customers worldwide. The platform combines features for feedback, OKRs, employee surveys, learning, and compensation management, allowing companies to drive employee engagement, performance, and development. Leapsome was founded in 2016 by Kajetan von Armansperg and Jenny von Podewils. Its customers include Spotify, Unity, and Mercedes-Benz.

Read More