United Kingdom-based human resources tech firm activpayroll has acquired Malaysia-based payroll outsourcing and employee mobility specialist Propay Partners to accelerate its growth in Asia Pacific.
Activpayroll said in a statement on Monday that the firm has delivered significant year-on-year growth, growing revenues over the last year by an impressive 27 percent, with the Asia Pacific business proving to be a significant part of that success.
It said the acquisition of Propay Partners will accelerate this growth and provides the ideal opportunity to support existing customers while building on activpayroll’s success in the region.
“At activpayroll, we are targeting long-term sustainable growth, building an ambitious approach to acquiring new business while continuing to provide excellent service to our existing customers,
“Acquiring Propay Partners and the associated growth in the Asia Pacific region is key to us achieving this objective,” said Jason Allen, activpayroll Chief Executive Officer.
According to him, Propay Partners and activpayroll have a long-standing partnership spanning over ten years and have fostered a strong collaborative working relationship which places people at the heart of their success.
“When we decided to make the strategic move and strengthen our presence in Asia Pacific, we knew that Propay Partners was the perfect fit,
“The coming together of our two companies will ensure our continued high service delivery to our growing customer base, and I’m confident that together we will meet our strategic objective of being best-in-class in the Asia Pacific market,” he said.
He also said that the Propay Partners team’s brilliant service delivery to both colleagues and customers are perfectly aligned with activpayroll’s own values.
“We will build on Propay’s two decades of knowledge in the market, and together, we will meet our ambitious growth objectives,” he added.
According to the statement, Propay Partners has built a strong reputation for high customer service during its 21-year history by consistently delivering excellence.
It has a strong track record in streamlining payroll outsourcing solutions and employee mobility and has ensured its clients stay ahead of the curve when it comes to offering innovative payroll and mobility technology solutions.
Activpayroll said the firm has big plans for growth in Asia Pacific and sees the Propay Partners business at the centre of that expansion.
It said Malaysia is perfectly placed geographically to service the largest customers in Asia, and access to a highly skilled talent pool will help further enhance the service offering.
It also said key to meeting this objective is the continuation of the strong partnership that already exists between the two businesses.
“We’ve spent the past 21 years building and growing our business and now feels like the right time to integrate with activpayroll,
“We are confident that they will help support the team on the next stage of their journey,” said Manish Mehta, Co-Founder and Business Director of Propay Partners.
“The values and commitment that activpayroll has to its people and customers will help ensure a seamless transition for our team members, clients and partners,
“The Propay Partners team is excited to be joining activpayroll and helping to drive future growth and success in the region,” he added.
Manish is bringing his considerable experience to activpayroll as he joins the team as the new Regional Director for Asia Pacific.