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Established in 1996, CloudPay, Inc is global payroll solution that specializes in managed global payroll services for multinational businesses that want to consolidate all of their payroll technology and operations. It’s global managed services payroll solution is possible through a proprietary SaaS platform that allows payroll processing in over 120 countries and aims to reduce customers’ operating costs, automate workflows, and minimize manual practices. By enabling companies to standardize the payroll process across geographies, streamline compliance, and achieve stronger visibility into payroll performance, CloudPay helps clients improve efficiency, reduce costs, and elevate payroll’s strategic value to the enterprise. Headquartered in the United Kingdom, the company also has offices in New York, North Carolina, Singapore, Hungary, Brazil, China and the Philippines with more than 250 employees worldwide. CloudPay was founded in Salisbury, UK in 1996 as "Patersons" and started developing an integrated cloud-based global payroll solution. In 2001 the company launched the worlds first cloud-based payroll platform for multinational organizations and signed its first multinational organization with over 6,000 employees. By 2007 the company was going through a massive geographic expansion, opening offices in the United States, Singapore, France and China. On the momentum of that expansion, the company closed $30M in Series A funding in 2008, and was recognized for innovation in SaaS by Montclare. In 2009 the organization signed its largest customer to date, with over 10,000 employees across 80 countries.
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