PaySauce buys rival payroll business for $400k

Tue, 01 Jun 2021

Payroll software firm PaySauce has bought Palmerston North-based rival SmoothPay for almost $400,000 of new shares.The acquisition will add 1,500 new customers, taking the total customer base to more than 5,000 subscribers. Some of these new customers are from Australia and several Pacific Island nations.“Overnight, we’ve expanded into multiple overseas markets, grown our customer base of subscribers by 45%, and gained the expertise of one of the nation’s foremost payroll software professionals,” said chief executive Asa...

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