The Payroll Software and Services Group has completed the acquisition of Online Payrolls, an outsourced payroll provider which offers a complete outsourced payroll solution for UK businesses.
The PSSG, backed by growth-equity tech investor Tenzing, was formed in 2019. The group specialises in providing software and outsourcing solutions for HR, payroll and business support in the UK and International markets. It has over 1,000 clients and over 220,000 employees are currently paid using its software.
PSSG offers solutions for businesses of different sizes across different sectors and the acquisition of Online Payrolls will allow it to offer an enhanced suite of services to an even larger market. Online Payrolls’ clients will migrate onto PSSG’s technology platform, which will give them greater visibility over their payroll.
Both firms are focused on building long term relationships with clients and delivering market-leading service.
Nick Clarke, MD and Gayle Hargie, Operations Director at Online Payrolls will continue to support the business day-to-day.
Nick Clarke said of the acquisition “We are hugely excited that Online Payrolls will now be part of The Payroll Software and Services Group. This will allow us to offer an even wider range of products and services to our growing client base. Most importantly, our clients will benefit from PSSG’s powerful technology which will improve efficiency and increase productivity within their business.”
“PSSG is tremendously excited to have made its fourth acquisition in 18 months. Online Payrolls complements our current service offering, allowing us to expand the payroll solutions we currently offer. The acquisition is in line with our plan to continue buying successful well-managed payroll businesses.”Eric Dunmore, Executive Chairman of The PSSG
PSSG is actively focused on expanding its portfolio and interested in speaking to businesses based in both the UK and internationally, with software or services offering in payroll, compensation & benefits, HR advisory, expense management or time and attendance. If you are a business owner or founder and interested in learning more about joining PSSG, please contact us here.