- 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
