SD Worx invests in GlobePayroll and strengthens its position internationally

28 June 2018

Brussels, 28 June 2018 – SD Worx, a leading provider of global Payroll and HR services, is entering into partnership with GlobePayroll. SD Worx has purchased 40% of GlobePayroll’s shares, creating a partnership that will allow SD Worx to accelerate its international growth and provide GlobePayroll with the necessary financial resources to expand further.

Deeper integration of HR solutions within payroll is becoming increasingly crucial for companies operating worldwide: the harmonisation of their HR system landscape across geographical regions allows them to improve their consolidation and analytics capabilities, and is an effective means of achieving greater efficiency.

GlobePayroll was the first company to release a disruptive full cloud-based Core HR and payroll solution geared to the multi-country market. This SaaS model (Software as a Service) is highly configurable and offers fast integration with other applications. The innovative and user-friendly application supports multiple currencies, is multilingual, powerful, and can run on mobile devices. The system also offers localised and integrated functions for Core HR and Analytics.
SD Worx and GlobePayroll aim to offer this payroll solution in more than thirty countries within five years, processing over half a million international payroll calculations per month. The international market offers key opportunities and is growing faster than any other local market: while the annual growth rate is 2 to 3% for local payroll, this growth potential can easily reach 15% for customers operating internationally.

The best of both companies

The companies will work together in order to further develop and fine-tune the range of products and services they offer their international customers. 

"There are many synergies between the two companies," says Jean-Luc Barbier, Vice-President of SD Worx Global Solutions. "For example, we both focus on companies that operate in multiple countries, and we both innovate to provide our customers with the best possible service. The drive, flexibility and innovative spirit of GlobePayroll perfectly complements our many years of expertise and knowledge of the market. This complementarity is, of course, of great value to our customers."

"SD Worx brings exactly what we need to fulfil our ambitions," says Jean-Baptiste de Charette, Chief Executive Officer of GlobePayroll. "This partnership is an open door to new markets already covered by SD Worx, where we will find strong and reliable expertise to accelerate our go-to-market strategies. Moreover, we have found the ideal partner for our ‘start-up’ mindset and culture, and the willingness to preserve it."

For more information, please contact:

Pieter Goetgebuer, PR & Corporate Communications Manager, SD Worx Group
T +32 (0)3 201 76 68 / M +32 (0)497 45 36 73

About SD Worx

As the leading European player in payroll and HR, SD Worx provides worldwide services in the areas of payroll, HR, legal support, training, automation, consultancy and outsourcing. It has a customer-centric approach, focuses on digital leadership, and is committed to international growth. Today, more than 65,000 large and small organisations worldwide trust in SD Worx and its over 70 years of experience.
The 4,150 employees at SD Worx operate in ten countries: Belgium (HQ), Germany, France, Ireland, Luxembourg, Mauritius, the Netherlands, Austria, the United Kingdom and Switzerland. SD Worx calculates the salaries of some 4.4 million employees and achieved a turnover of €443 million in 2017. SD Worx is co-founder of the Payroll Services Alliance, a global strategic network of leading payroll companies that together provide 32 million payroll calculations.
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About GlobePayroll

GlobePayroll was founded in 2015. The company has developed a disruptive and powerful international SaaS payroll solution. To meet all of its client’s needs, the company also propose a full suite of functionalities, from onboarding to Core HR, from payroll control automation to international consolidation, from mobile devices to self-service.
The company employs 20 people in France and 10 in Eastern Europe. Organisations in 20 countries are working with the Core HR software (multi-languages, multi-currencies), the payroll engine is used in France and Australia, and Luxemburg is on track for January. Major clients are Lagardère Sports & Entertainment and Randstad.