Payescape Acquires API Payroll Solution PayRun.io
Payescape, one of the UK’s fastest growing payroll providers, has added a powerful API payroll engine, PayRun.io to their business. During these difficult times, when many companies are under pressure to cut back, Payescape have taken steps to keep moving forward. Managing Director John Borland said, “We are delighted to welcome the PayRun.io team to Payescape, combining our skills and knowledge means Payescape can continue our growth trajectory and advance our offering.”
Steve Sarowitz, billionaire founder of the US payroll company, Paylocity (PCTY) and joint owner of Payescape, commented, “Payroll software is at the heart of our business model and until now we have relied on a third-party software to process our UK payrolls. Acquiring PayRun.io will allow us to be more efficient and productive in how we deliver our service.”
Stuart Hall from PayRun.io, who is no stranger to building successful software companies and sold his company to Intuit in 2014, said “We are excited about the opportunities ahead and the success we can achieve together.”
Payescape has over 1200 clients in the UK and has seen a 40% growth in sales in 2019.
Adrian Geffert, Sales and Marketing Director, added “Having our own payroll engine means Payescape will have access to new markets and integration possibilities we haven’t seen before.”
Payescape founded in 2006, has customers throughout the UK and Ireland, offering payroll, HR and time management services. Through customer focus and innovation, they remove the burden of workload from their clients across all industry sectors to deliver a simple, reliable and compliant service.
PayRun.io launched the UK’s first truly scalable and transparent open payroll API which is fully compliant, tested and recognised by HMRC. PayRun.io were revolutionary in designing and building a powerful application that many web-based companies, successfully integrated payroll and auto enrolment into their solutions.