MPAY completes acquisition of Web Payroll & Tax Solutions to expand its national footprint in payroll services
Oct 21, 2024•about 1 year ago
Acquiring Company
MPAY
Acquired Company
Web Payroll & Tax Solutions
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.
M&A Insights
Based on deal dataIntegration 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