MPAY, a leader in payroll and human capital management solutions, has announced its acquisition of Web Payroll & Tax Solutions, effective October 1, 2024. This strategic move emphasizes MPAY’s commitment to enhancing its product offerings and delivering greater value to clients across the nation through its Payroll Service Bureau, Payentry.
- Strategic Growth and Milestones
- This acquisition represents a significant milestone in MPAY’s strategic growth plan.
- It is MPAY’s third acquisition in 2024, following the acquisition of Payroll Resource Group in April and Southland Data Processing in July.
- CEO’s Insights
- Geoffrey R. Duke, CEO of MPAY, stated, “The acquisition of Web Payroll & Tax Solutions marks our third transaction this year and reflects our strategic vision for growth.”
- Duke emphasized that each acquisition strengthens the internal team and enhances service capabilities, particularly in expanding MPAY’s presence in Texas.
- Web Payroll’s Legacy and Partnership
- Web Payroll has been a Payentry licensee since 2007, making this acquisition a consistent platform for clients.
- The partnership aims to provide enhanced services and a more robust support team for clients.
- Owner’s Perspective
- Cynthia Mata, Owner of Web Payroll & Tax Solutions, expressed her commitment to client care, stating, “The acquisition by MPAY ensures our clients will continue to receive personalized care with added benefits of enhanced technology.”
- She believes this partnership will create new growth opportunities for both clients and the team.
- Seamless Transition for Clients
- Clients of both Payentry and Web Payroll can expect a smooth transition with no disruption to current services.
- The acquisition will enable the combined entities to offer expanded capabilities in managing payroll, HR, insurance benefits, retirement plans, and workforce management operations.
The acquisition of Web Payroll & Tax Solutions by MPAY not only reinforces its position as a leading provider in the payroll and HR solutions industry but also demonstrates its strategic commitment to growth and innovation. By enhancing service offerings and maintaining personalized care for clients, MPAY is well-positioned to meet the evolving needs of businesses across the nation.
