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SD Worx and GlobePayroll Strengthen Partnership

SD Worx and GlobePayroll Strengthen Partnership

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.