SOURCE: Patersons HR & Payroll Solutions

Patersons HR & Payroll Solutions

February 24, 2010 11:00 ET

Patersons HR and Payroll Solutions Reports Numerous Awards, New Products and Strong Growth During 2009

Global SaaS-Based Solution With Flexible Pay-as-You-Go Pricing Especially Attractive During Down Economy

RALEIGH, NC and SALISBURY, UK--(Marketwire - February 24, 2010) - 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 shared news of its business results for 2009, which included the winning of multiple awards, the release of several successful, innovative new products and a 70 percent year-on-year growth despite the challenging economy.

The company's outlook for 2010 looks just as bright as it is already running at 73 percent growth.

"The scalability and flexibility of our Software-as-a-Service solution and our pay-as-you-go pricing model are especially appealing during a credit crunch. As a result, Patersons experienced double digit growth in 2009, a time when many other vendors were significantly challenged by the economy," said Karen Paterson, chief executive officer, Patersons HR and Payroll Solutions. "Now, as the economy stabilizes, organizations will reinvigorate their global growth plans. Multi-national companies -- particularly those with rapid growth coming from mergers and acquisitions -- will continue to turn to Patersons single platform, single contract solution as a means of consolidating the multiple payroll vendors and systems that inevitably result from M&A activity."

Award-Winning, Strong Growth Company

In December, Patersons was ranked No. 265 on the prestigious Deloitte Technology Fast 500 EMEA 2009, 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, the company grew by 637 percent.

Patersons' strong growth was recognized by several awards programs in 2009. At November's CBI Growing Business Awards 2009 ceremony, the company was awarded the Global Outlook and Expansion Award and Ms. Paterson, the company founder as well as its chief executive officer, was named Entrepreneur of the Year. Earlier in the year, Patersons was awarded the National Business Awards Growth Strategy of the Year, South of England, and was named a finalist in three other categories in the program.

Additionally, during 2009, Patersons' flagship product Logon2, the world's only single platform, single contract, truly global HR and payroll management solution, was awarded a Global Business Excellence Award (GBEA) for Outstanding Payroll Solution.

The Stevie Awards for Women in Business named Patersons HR and Payroll Solutions as a finalist for Fastest Growing Company of the Year, Ms. Paterson a finalist in the Best Entrepreneur category, and the company's Click4HR offering as a finalist for Best New Product of the Year. Ms. Paterson was also named an HRO Superstar by HRO Today for both 2009 and 2010.

Recognizing Patersons' position that employees are the company's most important asset, the company earned the Investors in People status, a U.K. quality standard for improving an organization's performance through its people.

Innovative Technologies and Business Models

Click4HR, one of Patersons' many new offerings in 2009, provides international businesses with a click-and-go online, multi-lingual HR software solution and secure storage server. Applying the company's winning pay-as-you go pricing strategy to Click4HR's support options, Patersons gives customers the choice to pay for one month or for full on-demand support 24/7 -- making the solution affordable for small- and medium-size organizations.

Last year, with the addition of both time and attendance and expense management capabilities, Patersons became the first company with a truly global, integrated system that comprehensively manages payroll, time and attendance, and employee expenses. The company also began offering a free HR module to purchasers of its international payroll solution -- an offer never seen before in the industry and one that brought significant new client interest. This proved so successful that Patersons began 2010 by adding Employee Self Service (ESS) to its Free HR offering.

Global Outreach

Patersons' new multinational clients included leading corporations in the banking, healthcare and global news industries.

New positions were created in the U.S. and Asia, supporting further expansion into those markets. Patersons organized -- from start to finish -- 24 events in Hong Kong, U.S.A., Singapore, Germany, the Netherlands and China, plus produced regularly scheduled Webinars focused on global HR and payroll topics presented by industry thought leaders.

The company produced a comprehensive redesign of Patersons Community Web site, a free "one-stop shop" for a range of HR and payroll resources and the site now has more than 6,800 members globally. Unique visits reached more than 4,000 a month, up from 1,100 unique visitors in January. Features include an interactive map demonstrating Patersons' "follow the sun" approach, which means the company offers full levels of support via each of its service centers at any time of the day or night throughout the work week.

Industry Thought Leader

Ms. Paterson is widely recognized as an industry thought leader and pioneer. She regularly shares her fresh perspectives as a radio guest and presenter at major business conferences. She journaled her experience of raising $30 million of Series A funding at the Software & Information Industry Association (SIIA) OnDemand Europe, where she encouraged her peers to strive for success and look for opportunity during the turbulent economic times.

"The Changing World of Global Payroll," an editorial written by Ms. Paterson was published in Paytech Magazine in December. Throughout 2009, numerous articles in HRO Today, HR Magazine, Human Resource Executive, HR Zone UK, Paytech and HRM Singapore Magazine featured the company's success. Karen Paterson's entrepreneurial accomplishments were recognized in a cover story in Real Business and HRO Today published an article naming her as an industry "HeRO."

Paterson concluded, "We can manage global payroll more efficiently than older vendors that are burdened by legacy technology. Plus, we now offer expense management and time and attendance capabilities. Traditional ERP vendors -- even those purporting SaaS versions of their offerings -- cannot match our depth of functionality, nimble corporate culture and solid track record of customer satisfaction. We're looking forward to another positive year for Patersons HR and Payroll Solutions."

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.