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MPAY completes acquisition of Web Payroll & Tax Solutions to expand its national footprint in payroll services

Oct 21, 2024about 1 year ago

Acquiring Company

MPAY

Acquired Company

Web Payroll & Tax Solutions

CorneliusSan AntonioHuman ResourcesSaasSoftwareEmployee BenefitsFinancial Services

Description

MPAY, a leading provider of payroll and human capital management solutions, has strategically acquired Web Payroll & Tax Solutions. This acquisition reinforces MPAY's commitment to expanding its product offerings and delivering even greater value to businesses nationwide through its Payroll Service Bureau, Payentry. The strategic acquisition marks another milestone in MPAY's growth plan and further strengthens its position as a leading provider in the payroll and HR solutions industry.

Company Information

Company

MPAY

Location

Cornelius, North Carolina, United States

About

MPAY is a privately held corporation founded in 1994. MPAY is a leading provider of payroll and human capital management solutions committed to delivering innovative technology and support to the Millennium licensees and their business clients throughout the United States. The Company is focused on delivering payroll management systems through its software-as-a-service (SaaS) offering, Payentry.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed