Immedis acquires US international payroll company Expaticore
Payroll technology and employment tax services firm Immedis has announced a $10 million acquisition of US international payroll company, Expaticore.
Expaticore has an established international client base and a proven reputation for high quality work, which has led to impressive client retention rates. The acquisition is set to strengthen Immedis’ capabilities in the US and globally, increasing the network of expertise and bringing more benefit to clients worldwide. Immedis current client list includes among others Airbus, ESB International and Lifes2Good.
Speaking about the acquisition, Ruairi Kelleher, Executive Director of Immedis said: “This is a wonderful day for Immedis and a significant milestone. We see real potential for the services we offer in the US market and are delighted to welcome our colleagues at Expaticore on board. There are clear synergies between the two businesses including our global payroll technology and tax expertise combined with their knowledge on international payroll.
“There is little doubt that this level of expertise along with their talented team and network in the US will be extremely beneficial to Immedis and to our clients. Today’s announcement is a testament to the incredibly hard work of the team here at Immedis, and the support of the wider Taxback Group.”
David Leboff, President and Founder of Expaticore commented, “After two years of a growing relationship, I am proud that Expaticore is joining the Immedis family. The integration of both companies is certainly the most important development in the global payroll industry in years.”
“The research and investment Immedis has put into developing their global payroll & mobility tax platform will have a significant impact on providing true transparency for clients seeking information in real time concerning their payrolls, employees and tax obligations.”
