Aberdeen payroll tech firm activpayroll has bought a Malaysian business as it aims for accelerated growth in the Asia Pacific region.
The Scottish company has bought payroll outsourcing and employee mobility specialist, Propay Partners, which it has been working with for several years.
activpayroll recently reported annual revenue growth of 27%, and said the Asia Pacific business was a significant part of that success. It hopes the Propay deal will boost that growth still further.
The company 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."
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Jason Allen, activpayroll's CEO, said: "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 and the associated growth in the Asia Pacific region is key to us achieving this objective.
"Propay 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 our success.
"When we decided to make the strategic move and strengthen our presence in Asia Pacific, we knew that Propay 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."
Mr Allen added: "The Propay 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."
Manish Mehta, co-founder and business director of Propay Partners said, will become the merged group's Asia Pacific regional director.
He said: "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 its journey.
"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 team is excited to be joining activpayroll and helping to drive future growth and success in the region."
