Zalaris

Regulatory Filings • Dec 23, 2016

Multiple wins for Zalaris in the Nordics

Multiple wins for Zalaris in the Nordics

OSLO, Norway- Zalaris has signed contracts with a Finnish

industry champion and a Norwegian transport company. Under

the two new contracts, another 5,500 employees in the

Nordics will be receiving HR and payroll services from

Zalaris.

"We are happy to announce agreements with these new

customers. The contracts are evidence of our ability to

deliver continued growth. We are already covering 200,000

employees in the region and we see substantial opportunities

for further growth on our scalable platform", says CEO and

founder of Zalaris, Hans-Petter Mellerud.

Other significant wins ahead

In addition to the new agreements, Zalaris has recently

signed letters of intent with a large Nordic blue chip and

an energy company covering Northern Europe. The two

agreements are so-called proof of concept projects, with the

goal to develop into long-term contracts at a later stage.

The accumulated contract value of signed contracts is

approximately NOK 8 million per year and potential new

contracts have an estimated yearly contract value of NOK 32

million. Zalaris sees increased demand for its services in

Northern Europe.

"As we are exploring new geographies with new and existing

customers, we are getting closer of reaching our strategic

target of expanding our services to cover Germany and UK.

This will enable us to continue our effort to be the

preferred choice for HR directors in multi-national

companies wanting the best solutions for their people",

Mellerud adds.

About Zalaris

Zalaris provides full-service payroll and HR outsourcing

solutions, in addition to related consulting and cloud-based

systems, for large enterprises. This enables best practices

and standardized cross-border processes. Zalaris is

certified as a SAP Business Process Outsourcing (BPO)

Partner and is a leading SAP Human Capital Management (HCM)

and SuccessFactors consulting partner. Founded in 2000,

Zalaris today operates in Denmark, Estonia, Finland, India,

Latvia, Lithuania, Norway, Poland and Sweden, including

local-language service centers with extensive expertise in

HR-related laws and regulations.

Contact Information:

Hans-Petter Mellerud, CEO and Founder

Mobile: +47 928 97 276 E-mail: hans-

petter.mellerud@zalaris.com

Nina Stemshaug, CFO

Mobile: +47 982 60 394 E-mail: nina.stemshaug@zalaris.com