HR and payroll software provider Ciphr has further strengthened its payroll business by acquiring Shape, a cloud-based payroll platform used by 1,500 UK businesses.
The deal marks a significant ramp-up in payroll-focused activities for the Reading-based, ECI-backed tech group, which already processes over £2 billion in payroll and BACS salary payments a year for its clients.
Since April, Ciphr has added over 20 new payroll customers, including payroll software, outsourced payroll and payroll bureau customers, and expanded its team of payroll experts.
Ciphr has also made several key appointments since last October, including Julie Lally, as MD of payroll; Daniel Turnbull as VP of customer operations; Andrew Stevens as chief technology officer; Jaspal Randhawa, as director of product (payroll, compliance and data platform); Eira Hammond, as payroll bureau and...
