Brussels, 12 July 2019 – SD Worx, a leading provider of global Payroll and HR services, increases its stake in GlobePayroll from 40% to 50.01%. This company was established at the end of 2015 and the first on the market to offer a global payroll solution operating entirely in the cloud.
In June last year, SD Worx purchased 40% of GlobePayroll’s shares
. SD Worx has now increased its participation by acquiring an additional 10.01% of the shares. It is also providing extra funding to accelerate international market expansion and product development.
Focus on multinational customers in the midsize market
Together, GlobePayroll and SD Worx Global Solutions are launching a new offering: Global People Services. This preconfigured solution will offer payroll staff an integrated administrative experience (Core HR) in 15 European countries as from next January. Other countries will follow in a second phase. Customers will therefore have an overall overview of their resources, while HR managers will share a solution and identical processes irrespective of the country.
Various new customers in France from both SD Worx and GlobePayroll already work with GlobePayroll’s cloud payroll engine. Luxembourg will follow by end of this year. The platform will gradually be introduced to existing customers in these two countries as well.
Fast growth path
“The global leadership and experience of SD Worx, combined with GlobePayroll’s disruptive HR and payroll software, ensures that we can continue to offer the best customer experience available in the market,” says Jean-Luc Barbier, Vice-President SD Worx Group and Managing Director SD Worx Global Solutions.
Jean-Baptiste de Charette, Chief Executive Officer of GlobePayroll: “We couldn’t be more excited to reinforce our position as innovator in the global payroll place. In addition, being able to provide an identical payroll administration module to international clients is a key differentiator. With the support of SD Worx, we can continue our fast growth path and international market roll-out.”
The four founders and shareholders of GlobePayroll will keep their positions on the board. SD Worx will gain two additional seats. CIO Henri Vanroelen and Thierry Vanbever, International Business Director, will take up these roles. Jean-Luc Barbier has been appointed chairman of the board.
PR & Corporate Communication Manager SD Worx Group
T +32 (0)3 201 76 68 / M +32 (0)497 45 36 73
About SD Worx
As a leading European provider of payroll and HR solutions, SD Worx guides organisations in managing their existing and their new workforce, with a full-service package in the areas of Staffing, Payroll, Time and Talent. SD Worx delivers the best suited approach for every situation, providing the insights, expertise, outsourcing services and technology HR- decision makers need for their organisation and their individuals to thrive. Today, more than 68,000 small and large organisations across the globe place their trust in SD Worx and its nearly 75 years' worth of experience. In 2018, SD Worx achieved a consolidated turnover of EUR 594.4 million with its two entities.
SD Worx Group offers its payroll and HR outsourcing services, software and consultancy services in 92 countries, calculates the salaries of approximately 4.6 million employees and ranks among the top five worldwide. The more than 4,150 employees at SD Worx operate in ten countries: Belgium (HQ), Austria, France, Germany, Ireland, Luxembourg, Mauritius, Netherlands, Switzerland and the UK. It is the co-founder of the Payroll Services Alliance, a global strategic network of leading payroll companies that together handle 32 million payroll calculations.
Since 2018, SD Worx Staffing Solutions has been offering flexible and temporary employment, secondment, recruitment and selection, outplacement and career guidance services in Belgium and the Netherlands. SD Worx Staffing Solutions has more than 450 employees and employs an average of 5,500 temps on a daily basis through its more than 3,000 customers.
More info on: www.sdworx.com
GlobePayroll, founded in 2015 in Paris, was born from the desire to change the status quo in international payroll solutions. Over the past 20 years, we have felt the frustration of international companies when their global payroll solutions simply weren’t efficient enough. And though things have shifted significantly from an operational and technology perspective since the 1990s, many suppliers still operate their payroll like it’s 1999.
That is why GlobePayroll SaaS solutions are built from scratch for use on an international scale. Our solutions, including extended workforce management, are all in one central, secure, easily accessible location, offering One True version. Standardised interfaces and an open ecosystem facilitate data exchange, consolidation and insights across the globe. Payroll managers and employees receive a superb user experience, on any device, in real time.
Today, our team of seventy at our Paris HQ is growing rapidly, in team members, customers and revenue. We focus on mid-sized to large companies, facilitating their international expansion.
To learn more, visit www.globepayroll.com