Belgian HR service provider SD Worx announced that it has purchased 40% of shares in France-based SaaS (Software as a service) payroll solution company GlobePayroll.

According to SD Worx, the investment creates a partnership that will allow the group to “accelerate its international growth” and provide GlobePayroll with the necessary financial resources to expand further.

“Deeper integration of HR solutions within payroll is becoming increasingly crucial for companies operating worldwide: the harmonisation of their HR system landscape across geographical regions allows them to improve their consolidation and analytics capabilities, and is an effective means of achieving greater efficiency,” Federgon stated.

GlobePayroll claims it was the first company to release a disruptive full cloud-based Core HR and payroll solution geared to the multi-country market. SD Worx and GlobePayroll aim to offer this payroll solution in more than thirty countries within five years, processing over half a million international payroll calculations per month.

"There are many synergies between the two companies," Jean-Luc Barbier, Vice-President of SD Worx Global Solutions said. "For example, we both focus on companies that operate in multiple countries, and we both innovate to provide our customers with the best possible service. The drive, flexibility and innovative spirit of GlobePayroll perfectly complements our many years of expertise and knowledge of the market. This complementarity is, of course, of great value to our customers."

Jean-Baptiste de Charette, Chief Executive Officer of GlobePayroll, also commented, "This partnership is an open door to new markets already covered by SD Worx, where we will find strong and reliable expertise to accelerate our go-to-market strategies. Moreover, we have found the ideal partner for our ‘start-up’ mindset and culture, and the willingness to preserve it."

SD Worx recently entered the staffing market with the acquisition of VIO Interim last year. Earlier this month the group acquired Dutch-based Flexpoint Group, which includes a number of companies active in the fields of temporary employment, secondment (temporary transfers of workers), recruitment & selection, career counselling, outplacement, specific payroll for temporary workers and HR consultancy.