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Vendor News

Industry developments from the global payroll vendor and research community.

Neeyamo Plans to Expand Business Operations in Germany

Frankfurt Mayor Perter Feldmann signed a letter of intent (LOI) of cooperation that aims to highlight future collaboration between Neeyamo Enterprise Solutions, a global HR, consulting, outsourcing, and IT provider, and FrankfurtRheinMain GmbH, the official investment promotion and marketing agency of the German Metropolitan region of the same name.

By signing this LOI, Neeyamo Enterprise Solutions expresses its intent to invest in the FrankfurtRheinMain region and FrankfurtRheinMain GmbH expresses its commitment and willingness to support Neeyamo for the successful start of its business operations and entry in the FrankfurtRheinMain region. The scope of services will include general advising on setting up a subsidiary in the FrankfurtRheinMain region, supporting work and residence permit applications of its employees, and providing general information regarding taxation and labour laws and referring to legal experts where appropriate. Furthermore, FrankfurtRheinMain GmbH is committed to continuing its support to business growth and progression for Neeyamo in the region.

“Neeyamo is a global leader in providing international HR and payroll services to multinationals with a long-tail spread,” said Ashok Bildikar, Chairman and Managing Director of Neeyamo. “Our niche specialization in this area of operation has propelled us to establish and expand our global footprint at an unparalleled pace. Germany is a country of strategic importance—both from the local as well as regional operations. We are extremely happy with the proactive support provided by the city of Frankfurt. This gives us a high degree of confidence to venture into the country and make plans for aggressive growth there.”

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Kronos Launches Workforce Ready in France

Kronos Incorporated announced the launch of Kronos Workforce Ready in France, introducing the cloud solution to its ninth international market.

Kronos will focus its Workforce Ready offering in France on scheduling, time and attendance, and accruals management to organizations with 100 to 2,500 employees in the retail and hospitality, manufacturing, and logistics industries. Workforce Ready scales to support enterprise-sized organizations as well.

“Small and midsize organizations in France are seeking an experienced partner that is able to help guide their journey from manual and home-grown processes and on-premise software to a modern cloud solution that streamlines and automates critical workforce management functions,” said Rolf Van Lierde, General Manager of SMB solutions at Kronos EMEA. “Without this approach, it’s exceptionally difficult to manage the French compliance landscape. Kronos has helped thousands of customers make this exact journey, and we’re eager to deliver the same gains in efficiency, productivity, and employee engagement to organizations in France.”

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SIA Acquires Card Processing Businesses From First Data

SIA, a European leader in payment infrastructure and services, and First Data, a global leader in commerce-enabling technology, have signed an agreement for SIA to acquire First Data’s card-processing businesses in part of Central and Southeastern Europe for €375 million.

The acquisition by SIA provides card processing, card production, call center, and back-office services, including 13.3 million payment cards, 1.4 billion transactions, and management of POS terminals and ATMs in seven countries. As a result, according to the company, SIA will become a leading player in processing and services in the region. The agreement includes the transfer of about 1,400 First Data employees into SIA.

“This acquisition is in line with our strategy to become the leading European independent digital payments platform,” said Massimo Arrighetti, CEO of SIA. “SIA is further strengthening its position in the e-payments international market, increasing its market shares in e-money, high-growth countries.”

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