Patersons HR and Payroll Solutions Announces Ranking on Deloitte Technology Fast 500 EMEA 2009

SALISBURY, UK--(Marketwire - December 8, 2009) - Patersons HR and Payroll Solutions, a leading global HR and payroll software and services business that can deliver expert solutions to clients in more than 160 countries, today announced that it ranked No. 265 on the Deloitte Technology Fast 500 EMEA 2009. The Deloitte Technology Fast 500 EMEA is a ranking of the 500 fastest growing technology companies in EMEA (Europe, Middle East and Africa). Rankings are based on percentage revenue growth over five years. During this period, Patersons HR and Payroll Solutions grew 637 percent.

Company Chief Executive and Founder, Karen Paterson, commented, "We're gratified to have ranked so high on Deloitte's Technology Fast 500. Our achievements are a direct result of our clients' successes -- by enabling them to manage their global HR and payroll functions more effectively, their resources are freed to focus on core business initiatives."

"For the growth of the Fast 500 in 2009 to exceed that of 2008 despite the economic turbulence of the past year is nothing short of phenomenal. It shows both that companies are coming up with technological solutions that are meeting their customers' needs, but also that they have the drive and determination to succeed despite the economic issues," said David Halstead, partner in charge of Deloitte's Technology Fast 500 EMEA program.

Patersons has grown from meeting the payroll demands of one client to delivering world-class HR and payroll software and services around the world, around the clock, to more than 160 countries in more than 30 languages, making it the only truly global HR and payroll company. The Company's innovative SaaS-based solution simplifies the inherent complexities of global HR and payroll by offering multinational companies one contract and one reliable, centralized technology platform. To support its growing global client portfolio, Patersons uses a 'follow the sun' support model, offering full levels of support via service centres at any time of the day or night throughout the work week. Additionally, Patersons has sales offices in U.K., U.S., China, France, Hong Kong and Singapore.

"Attracting enough customers to attain such fast growth over five years makes a strong statement about the quality of a company's product and its leadership," added Halstead. "Patersons has shown the right stuff for growth."

Technology Fast 500 EMEA selection and qualifications

The Technology Fast 500 list is compiled from Deloitte's EMEA Technology Fast 50 programs, nominations submitted directly to the Fast 500, and public company database research. To qualify for the Fast 500, entrants must have had 2004 operating revenues of at least EUR 50,000 and 2008 operating revenues of at least EUR 800,000.

Entrants must also be public or private companies headquartered in EMEA and must be a "technology company," defined as a company that owns proprietary technology that contributes to a significant portion of the company's operating revenues; or devotes a significant proportion of revenues to the research and development of technology. Using other companies' technology in a unique way does not qualify.

About Deloitte

"Deloitte" is the brand under which tens of thousands of dedicated professionals in independent firms throughout the world collaborate to provide audit, consulting, financial advisory, risk management and tax services to selected clients. These firms are members of Deloitte Touche Tohmatsu, a Swiss Verein ("DTT"). Each member firm provides services in a particular geographic area and is subject to the laws and professional regulations of the particular country or countries in which it operates. DTT helps coordinate the activities of the member firms but does not itself provide services to clients. DTT and the member firms are separate and distinct legal entities, which cannot obligate the other entities. DTT and each DTT member firm are only liable for their own acts or omissions, and not those of each other. Each DTT Member Firm is structured differently in accordance with national laws, regulations, customary practice and other factors, and may secure the provision of professional services in their territories through subsidiaries, affiliates and/or other entities.

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© 2009 Deloitte Touche Tohmatsu. All rights reserved.

About Patersons HR and Payroll

Headquartered in Salisbury, U.K. with offices in the U.S., central Europe and Asia, Patersons HR and Payroll is a leading global HR and payroll software and services business that can deliver expert solutions to clients in more than 160 countries. The Company's secure Internet-based software as a service is multi-currency and multi-lingual (covering over 30 languages), features an easy-to-use interface, supports fast implementation times and facilitates integration with existing systems. Patersons HR and Payroll differentiates itself by: one contract, one software solution, one enterprise interface and one cohesive system approach. As a result, Patersons has proved the impossible by being able to run multi-jurisdictional payroll rules for multiple clients on one database and one instance of source code worldwide. More information and contact details can be accessed at www.patersons.net.