FinTechFunding

PayGroup: Completes $15.3M IWS acquisition

  • PayGroup (PYG) has officially acquired 100 per cent of Integrated Workforce Solutions (IWS)
  • The payroll and human capital management business spent $15.3 million buying 100 per cent of IWS
  • The newly acquired company operates a leading cloud-based workforce management platform for the franchise sector
  • PYG tapped its own investors for $15.7 million, helping to cover the cost of the acquisition
  • Explaining the purchase, PYG said IWS would help advance the company’s monetisation opportunities
  • Shares in PayGroup are trading down 4 per cent at 48 cents per share
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Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

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