Shadine Taufik · · 1 min readUK company acquires Malaysia’s Propay Partners for APAC push
Human resources tech firm Activpayroll has acquired Malaysia-based Propay Partners to accelerate the former’s growth in the Asia-Pacific region.
Activpayroll CEO Jason Allen / Photo credit: Activpayroll
Activpayroll said in a statement that prior to this deal, it had partnered with Propay Partners, which offers payroll outsourcing and employee mobility services, for more than a decade.
Founded in 1999 by Alison Sellar, UK-based Activpayroll offers global services in employee payroll, human resources, international payments, and employee mobility to over 1,200 companies across 154 countries. The firm currently has 18 offices across five continents.
Meanwhile, Propay Partners was founded in 2001 by Manish Mehta and Raj Kumar Paramanathan. Covering multinational companies in Asia, its clients include Siemens, General Electric, Unilever, Coca-Cola, and BMW.
The global human resource tech market is set to reach US$38.4 billion by 2030 at a compound annual growth rate of 5.7%.
See also: Blue-collar HR firms rake in revenue, could weather recession
Editing by Thu Huong Le and Jaclyn Tiu
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