Ciphr, a Reading, UK-based HR and payroll software provider, acquired Shape Payroll, a Southampton, UK-based cloud payroll platform used by 1,500 businesses.
The amount of the deal was not disclosed.
The acquisition will enable Ciphr to further strengthen its payroll business. Shape’s founders, husband and wife team Alex and Cheri Bartlett, and the rest of their team, also join Ciphr immediately.
Led by Sion Lewis, CEO, Ciphr provides is an HR software and solutions partner for medium and large organisations in the UK. Its integrated HR, payroll, learning and recruitment software, services and content provide insights to HR teams to inform their people strategy and grow and develop their organisations. Since April, the company has added over 20 new payroll customers, including payroll software, outsourced payroll and payroll bureau customers, and expanded its team of payroll experts.
Ciphr already processes over £2 billion in payroll and BACS salary payments a year for its clients. Customers include Volkswagen Group UK, Lifetime Training, Crisis UK, Bensons for Beds, Natural History Museum, the Met Office, Financial Conduct Authority, Takeda Pharmaceuticals, Barnardo’s, Police Scotland, Greater London Authority, University of Oxford, University of Cambridge, and the Irish Universities Association.
Ciphr Group is a privately held and backed by ECI Partners.
FinSMEs
03/06/2024