CloudPay Reports Robust Growth in 2014, Builds Strong Momentum for 2015

RALEIGH, NC and LONDON, UNITED KINGDOM--(Marketwired - Feb 11, 2015) - CloudPay, the world's only cloud-based platform for integrated global payroll and payments, today announced highlights of its successful performance over the past year. Throughout 2014, CloudPay experienced robust growth as it attracted numerous large multi-national clients, brought new innovations to market, expanded its leadership team, received high-profile industry recognition and gained significant momentum with its partnership with Workday and the Workday certified interfaces program.

"CloudPay's mission is to create market-leading technology and use our payroll expertise and knowledge to revolutionize payroll and payments for multi-national organizations; our strong performance in 2014 enabled us to further enhance this work," said Andrew Pearson, CEO of CloudPay. "As multi-national companies continue to struggle with managing the complexities of payroll around the world, our solutions provide the answers they need to create a better way to manage global payroll and payments."

Welcoming New Clients
Driving CloudPay's successful 2014 performance was the addition of many new clients who recognized the strength of the company's industry-leading global payroll and payments solution in providing the visibility and control to manage their payroll successfully. Among CloudPay's new clients are several leading multi-national organizations, representing a wide range of industries and with operations across the world, including:

• A global consumer payments business
• A leading global supplier of communications and security products
• A leading producer and refiner of chemicals
• A leading provider of music streaming services to listeners around the world
• The global leader in Voice over IP (VoIP) communication services and applications
• A leading provider of airport baggage handling systems and air cargo handling

New Product Launches
The company's ability to attract new business is driven by its innovative cloud-based product offerings, which were expanded in 2014 with the introduction of two cutting-edge products, CloudPay Insights and CloudPay Control. Released in August, CloudPay Insights is the company's enhanced global payroll reporting solution and the industry's only common technology platform that enables multi-national organizations to dig into their global payroll data to identify workforce trends, find hidden costs and make more effective, better informed business decisions. With enhanced dashboarding capabilities, CloudPay Insights provides users at all levels with the flexibility to create customized reports and enable deep analysis that leads to reduced costs, decreased time spent on administrative tasks and optimized talent strategies.