Gurgaon, 1st October 2014: PeopleStrong HR Services Pvt. Ltd., a leading Multi-process HR outsourcing and HR technology solutions company, today announced the acquisition of Webpay; a leading HR and payroll software provider. This acquisition is expected to add to the capability of PeopleStrong’s HRMS solutions and strengthen the presence of the company in the small and medium enterprise segment.
Speaking about the deal, Pankaj Bansal, Co-Founder and CEO, PeopleStrong, said, “In this era of cloud SaaS HR Software, the key to success lies in reinventing capabilities. Webpay acquisition is one such step for us”
Webpay-the smart payroll solution, would be part of PeopleStrong Alt product suite and Vikas Sapra, Founder, Bigbyte Solutions would join the executive management team at PeopleStrong. This is the third strategic investment for PeopleStrong, after Summit HR’s frontline business and IL&S(Wheebox), leading talent assessment company in India, where the company owns majority stakes .
Vishal Saha, Chief Technology officer, PeopleStrong, added, “We are really happy to have Webpay with us. Their capability to cater to clients of all scale, especially small and medium enterprises would help us to further strengthen our market presence and significantly add another niche to our existing HR Technology platform”. Talking about growing the market presence, Vikas Sapra, Founder, Bigbyte Solutions, said “We look forward to the exciting journey ahead along with PeopleStrong to provide a robust human resource management system (HRMS) solution to companies across sectors and scale”.
This move shows PeopleStrong’s confidence to move ahead in achieving its goal of being the first publically listed HR outsourcing company. Sandeep Sinha, Managing Partner, Lumis Partners, a leading private equity fund and and also one of the board members at PeopleStrong, said “This acquisition will surely strengthen PeopleStrong’s foothold as India’s leading provider of HR outsourcing services and HR technology-based products and solutions.” This step would surely contribute a lot to the HR transformation journey of PeopleStrong, added Sandeep.
About PeopleStrong:
PeopleStrong HR Services Pvt. Ltd. (PeopleStrong, the company) is a leading platform-based mpHRO (Multi-process HR Outsourcing) and technology company, headquartered at Gurgaon, India. It specializes in, recruiting solutions, Cloud based payroll solutions, cloud HR Software. Since its establishment in 2005, the company has built a unique combination of domain expertise, operational excellence, and innovative technology to deliver optimum level of services to its customers. Through its cloud based HR solutions, PeopleStrong facilitates the customers to achieve higher gain margins, efficient business functions, increased productivity levels, better return on investment (ROI), and ‘happier employees’. PeopleStrong has clients across diverse industry sectors. The company is one of the first platform-based integrated HRO/RPO companies in India to be successfully assessed on Statement on Standards for Attestation Engagements (SSAE) No. 16 for reporting on controls by Auditing Standards Board of the American Institute of Certified Public Accountants. PeopleStrong launched the first HR command centre in the Asia-Pacific region in 2013 to empower business leaders to move from hindsight to foresight to insights, building predictability in hiring, productivity, utilization and attrition, thus correctly aligning HR to the business.
About WebPay (Bigbyte Solutions Pvt. Ltd)
Bigbyte Solutions Pvt. Ltd. is a leading HR and Payroll software provider christened “Webpay”. The aim is to provide a solution where the employee can talk to the solution directly instead of raising tickets to the back office and then wait for their reply. The other important objective is to provide critical information to the back office users, which enables them to take critical business decisions. To build an everlasting relationship with clients is the company’s key strategy is to help clients define requirements specification and help in formulating key technical and functional decisions for implementation of software applications