RALEIGH, NC and LONDON, UNITED KINGDOM--(Marketwired - Oct 29, 2013) - CloudPay, the pioneer of SaaS-based payroll automation for multinationals, today announced that it has expanded its presence in Brazil with the establishment of a new office in São Paulo. The expansion is part of CloudPay's overall strategy to deliver enhanced global payroll solutions that help multi-national organizations to comply with Brazil's complex payroll regulations. To achieve this goal, CloudPay partnered with Apdata, a leading provider of payroll solutions in Brazil, to leverage the company's technology, expertise and customer base.
Brazil continues to experience rapid economic growth, and the country has emerged as the sixth-largest economy in the world with a GDP of US$2.4 trillion. Along with this growth and its rising status in the global marketplace, Brazil has been a focus of business development, providing an attractive landscape for multinationals looking to expand their operations. It has also spurred strong growth among companies within the country, with eight Brazilian companies now within the Global Fortune 500.
Although CloudPay has undertaken payroll services for the Brazilian market for nearly a decade and currently serves many clients in the country, the company saw the opportunity to further build on its capabilities to service the ever-growing number of multi-national organizations operating in the country and to achieve additional growth through providing services to Brazil-based multi-national companies. To accomplish this, CloudPay signed an agreement with Apdata, the leading payroll and HR service and software provider in the Brazilian market, which enables the company to provide more comprehensive service to customers in Brazil and throughout the Latin American region. Under the terms of the partnership, Apdata's payroll engine technology will be embedded into the CloudPay global payroll management platform. CloudPay's team of Brazilian subject matter experts will operate payroll for its clients with full the support of Apdata's engineering and subject matter resources, and CloudPay and Apdata will together offer Brazil-based multi-national companies a comprehensive and complete global payroll solution.
With more than 30 years of experience with Brazil's complex payroll regulations, particularly in challenging industries such as mining and medical care, Apdata delivers the knowledge and expertise to ensure its clients achieve full compliance. In addition to a strong local presence, with its 330 employees recruited locally to give clients increased flexibility, speed and responsiveness, Apdata currently processes more than 550,000 payslips per month.
"CloudPay stands apart from other global payroll providers, offering industry-leading expertise and a far reaching technology platform unrivaled in the payroll space," said Luiza Nizoli, president of Apdata. "We are very excited to grow our relationship with the company, as this partnership enables us to provide the very best global payroll solutions to our multi-national clients."
"As Brazil continues to play an ever larger role in the global economy, it was only natural that we expand to this rapidly growing market and unlock the potential it presents to our business," said Andrew Pearson, CEO of CloudPay. "By establishing our new office in the country, and working with proven partner Apdata, we are well prepared to further establish our organization in the Latin American region and demonstrate our industry-leading capabilities to today's most successful multinationals."
Pearson continued, "Our relationship with Apdata is new kind of partnership in our industry, covering true collaboration across the domains of technology, service and sales and marketing. The result is a more modern, effective approach for our clients and one that is very different from the old fashioned acquisition approach we have seen in the market prior and which simply results in fragmented platforms and disparate service models. The market is asking for the common and consistent global payroll solution that CloudPay offers."
CloudPay already has staff in place in its office in Brazil and will continue to build out its presence in this robust market throughout 2014 and beyond. The company also operates out of offices in the U.S., U.K., France, Hungary, China and Singapore. CloudPay's new office is located adjacent to Apdata's headquarters at Rua Durval José de Barros, 162 - Vila Matilde, São Paulo, Brazil.
About Apdata
Apdata is a pioneer and expert in the development and delivery of services for the Brazilian Payroll market. Founded in 1984 and with 330 employees, the company has a portfolio of over 560 clients from different industry sectors and sizes. Apdata is headquartered in São Paulo with branch offices in Campinas/SP, Rio de Janeiro/RJ, Recife/PE and Orlando/USA. The company has operations in Brazil, Angola and USA and processes more than 550,000 payslips per month. For more information about Apdata, please visit www.apdata.com.br.
About CloudPay
CloudPay's pioneering Software as a Service technology and extensive payroll expertise helps organizations streamline global payroll operations, increase efficiencies and benefit from unprecedented business insight and intelligence. Recognized by Gartner as a Cool Vendor and by Everest Group as a Major Contender in Multi-Country Payroll Outsourcing, CloudPay is setting the standard for multi-national payroll management. For more information about CloudPay, please visit www.cloudpay.net or visit us on Twitter at _CloudPay.