Zalaris

Regulatory Filings • Jan 23, 2015

Swedish Global Fortune 500 company selects Zalaris as Nordic HR and Payroll Outsourcing Partner

Swedish Global Fortune 500 company selects Zalaris as Nordic HR and Payroll Outsourcing Partner

Agreement includes transactional HR and payroll

processes for 20,000 employees.

Zalaris ASA has signed a five-year outsourcing

agreement with a Global Fortune 500 company,

headquartered in Sweden, to provide transactional HR

and payroll services for approximately 20,000

employees in the Nordic region.

As part of the agreement, Zalaris will deliver one

common set of payroll and HR services across the

covered countries, utilizing Zalaris' multi-country

SAP HCM cloud-based platform. As a result of the

agreement, 13 employees in Sweden who currently

perform related services will transfer to Zalaris.

The new agreement includes transactional HR and

payroll processes covering the customer's operations

in Sweden, Finland, Norway and Denmark, with full

implementation targeted for completion by Q1 2016.

"We are thrilled to win another leading global brand

as a Zalaris customer," commented Zalaris CEO Hans-

Petter Mellerud. "This development further

exemplifies how such market leaders increasingly

recognize our services and outsourcing advantages to

achieve significant cost savings as well as

operational efficiencies. Zalaris will now be

serving more than 170,000 employees with its payroll

and HR services, including for some of the largest

companies in the Nordic region, while providing

exceptional value for enterprises looking to lower

their costs and increase efficiency.

The move also reflects a pronounced shift in

corporations today, as they look to innovate and

better leverage their internal global shared

services - all while advancing core competencies and

maximizing overall return on investments."

About Zalaris

Zalaris excels in delivering comprehensive cloud-

based HR and payroll services. The company is

certified as an 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. Zalaris (ZAL) is a

publicly listed company on the Oslo Stock Exchange.

Learn more at www.zalaris.com.

For more information please contact:

Hans-Petter Mellerud, Zalaris CEO; Tel: +47-92 89 72

76 or via hans-petter.mellerud@zalaris.com