Everest Group Names CloudPay a Major Contender in Multi-Country Payroll Outsourcing

- Company Stands Out for Strong Delivery Capability and Market Success -

RALEIGH, N.C. and LONDON, U.K. (January 22, 2013) – CloudPay, the pioneer and foremost provider of multi-national payroll technologies and services, today announced that it has been recognized as a Major Contender in the Everest Group PEAK Matrix for Multi-Country Payroll Outsourcing (MCPO). In Everest’s inaugural MCPO Service Provider Landscape and Capability Assessment report, CloudPay received high ratings for its overall delivery capability and strong market success.

In conducting research for the report, Everest Group analyzed 10 service providers in the rapidly growing MCPO market and measured the scale, scope, technology capability and delivery footprint of each company. Everest Group also tracked each provider’s major MCPO clients and recent wins, overall MCPO revenue, pay-slips processed and buyer employees served. Overall, CloudPay was found to be a Major Contender in the MCPO field.

CloudPay’s strong performance in the Everest Group PEAK Matrix is due to its high scores in each area measured. For example, the company was noted for its high revenue and large number of clients served, a solid amount of active contracts and its good full-time employee strength. CloudPay also stood out among the other service providers evaluated in the report for covering the highest number of countries, with a presence across all four geographies. Moreover, the company received a high rating for its ability to support all technology models and was recognized as one of a few select providers offering a proprietary single-platform model.

Through its innovative SaaS solution available in 160 countries, CloudPay delivers flexible solutions to organizations that need to coordinate, process and analyze payroll for their multi-national employee base. As the MCPO industry has become more competitive, the report from Everest Group highlights the value of CloudPay’s innovative global payroll solutions and the efficiencies the company brings to its clients’ payroll processes. Moreover, CloudPay was the only Major Contender to receive a High rating for its overall delivery capability, further emphasizing the depth and breadth of the its solutions and positioning the company as a strong alternative to ADP and NorthgateArinso.

“Our research shows that service provider’s success depends on its ability to meet the multi-country payroll needs through proven experience, innovative technology solution, and wide geographic reach,” said Rajesh Ranjan, Vice President of Everest Group. “CloudPay’s ability to demonstrate many of these requirements has helped it achieve this recognition."

“As companies around the world increasingly leverage the global workforce, CloudPay offers an easy-to-use global payroll solution that supports rapid implementation and full integration with existing systems,” said Andrew Pearson, CEO of CloudPay. “Our inclusion in the Everest Group PEAK Matrix and designation as a Major Contender highlight the value of our innovative technology and the success that our clients have experienced with our industry-leading solutions. Our vision is that CloudPay will become the standard for multi-national payroll management and the Everest Group report validates our intent and our efforts to achieve this as the market for global payroll solutions continues to grow.”

About CloudPay
CloudPay is the pioneer and foremost provider of multi-national payroll technologies and services. CloudPay’s world leading Software as a Service technology and payroll expertise enables organizations to control, consolidate, process and analyse their global payroll operations. CloudPay, from offices in Raleigh, London, Singapore, Shanghai, Paris and Budapest, is expanding as it seeks to set the standard for multi-national payroll management. For more information about CloudPay, please visit www.cloudpay.net