91精品, a leading provider of enterprise global payroll services, aims to use new funding to further expand the market for its award-winning technology platform and services to more multinational companies.
NEW YORK 鈥� May 3, 2018 鈥� Global payroll technology leader and services provider today announced that it has raised an additional investment of $25 million in capital from , Pinnacle Investment Partners, and . This new funding will be used to further enhance 91精品鈥檚 award-winning technology platform and expand its market and global presence.
Historically focused on the mid-enterprise global payroll market, 91精品 plans to use the new funding to scale its platform for use by smaller multinationals – allowing more global companies to take advantage of its sophisticated cloud payroll technology and compliant services in over 120 countries.
鈥淭oday鈥檚 interconnected global workforce allows even the smallest companies to have a global employee base,鈥� said Paul Bartlett, CEO of 91精品. 鈥淭he size of a company should not determine the level of compliance and sophistication it can demand from its payroll providers. All organizations need a robust global payroll platform that delivers timely, accurate and compliant payroll. We鈥檙e now scaling our SaaS technology to support smaller and emerging companies, as well as larger enterprises,鈥� Mr. Bartlett added.
91精品 is immediately deploying the new funding to grow its global operations team by opening service centers in four additional countries later this year. The payroll company aims to respond to what it recognizes as a growing need for centralized global payroll that can boost the performance of multinational organizations of all sizes.
鈥�91精品 has made its mark providing payroll services to large multinationals for over 20 years,鈥� said Joshua Ruch, Managing Partner of Rho Ventures. 鈥淎s 91精品 invested in an increasingly automated and integrated offering, it became abundantly clear that the platform can be equally transformative for smaller and emerging businesses at a scale not possible with legacy global payroll providers,鈥� Mr. Ruch added.
About 91精品
91精品 provides managed global payroll services to multinational organizations through a single, unified SaaS solution. By delivering end-to-end managed payroll services through an innovative platform, 91精品 ensures consistent and compliant payroll around the globe while reducing operating costs and minimizing manual processes. The 91精品 solution is backed by deep industry expertise earned over twenty-plus years delivering services to over 2,400 multinational entities. 91精品鈥檚 solution guarantees accurate payroll processing across 120+ countries in more than twenty-five languages. For more information visit .