Zalaris

M&A Activity • Mar 15, 2023

Zalaris signs a landmark agreement with carve-out from German industrial giant for global payroll and HR services

Zalaris signs a landmark agreement with carve-out from German industrial giant for global payroll and HR services

Zalaris, a global provider of payroll and HR solutions, has signed a landmark

agreement with the carve-out from a leading German industrial company for

worldwide payroll and HR services. This involves more than 15,000 employees

across 40+ countries.

Zalaris will deliver a HR solution based on SAP SuccessFactors seamlessly

integrated with Zalaris PeopleHub outsourcing services which covers the entire

spectrum of Zalaris' value proposition. The solution will be implemented over a

period of 22 months. The contract is expected to contribute with more than EUR 5

million in annual revenue when fully implemented. Further, the contract also

includes a significant consultancy agreement relating to implementation.

The contracted HR solution will be built around SAP SuccessFactors and cover the

whole employee lifecycle in one integrated solution, including recruiting,

onboarding, master data maintenance, performance and goals, succession and

development, as well as HR analytics.

Zalaris' PeopleHub (https://zalaris.com/hr-payroll-solutions/) based outsourcing

services to be delivered under the agreement include payroll, time and

attendance, digital personal archive, travel and expense, and knowledge

management supported by Zalaris' AI powered digital assistant "Zally".

"We are very proud to welcome such an important customer at Zalaris. During the

last nine months of defining the solution based on full suite SAP SuccessFactors

and Zalaris PeopleHub Global Payroll model, both parties already had a chance to

learn how to establish a collaborative and flexible way of working. This is

needed making this carve-out a success story and stand-alone ready within the

next 21 month.", says Peter Martin, Executive Vice President DACH.

"This new customer represents another milestone in our history. In addition to

securing us a globally respected brand, the agreement further strengthens our

position at the table when other large complex companies consider outsourcing

global payroll and HR processes. This is a continuation of the positive

sentiment we have experienced over the last 12 months. Our sales effort in the

DACH region represents a potential 10x times larger than the Nordics, and have

now just started to yield the results we envision.", says Øyvind Reiten,

Executive Vice President, Group Commercials & Sales.

"Delivering global solutions as these was part of my dream when founding Zalaris

almost twenty-three years ago. I am truly proud of the capabilities that we have

built in #teamZalaris.  It is the #teamZalaris spirit, energy, endurance and

ability to dream big that bring contracts as this one home. Supporting large

complex organisations delivering perfect payroll and manage their people on a

global scale is what we live for. With this agreement under our belt we are

ahead of our sales budget for the year supporting 10% organic revenue growth and

of delivering on our communicated NOK 1 billion annual revenue target.", says

Hans-Petter Mellerud, Zalaris CEO and founder.

Contact:

Hans-Petter Mellerud, CEO and founder

Mobile: +47 928 97 276

E-mail: hans-petter.mellerud@zalaris.com

Peter Martin, Executive Vice President DACH, Zalaris

Mobile: +49-178-8617991

E-mail: peter.martin@zalaris.com

Gunnar Manum, CFO

Mobile: +47-9517.9190

E-mail: gunnar.manum@zalaris.com

About Zalaris

Zalaris simplifies HR and Payroll administration. It also empowers businesses

with useful information so that they can invest more in their people. Zalaris

provides Global Human Capital Management (HCM) solutions that cover more than

150+ countries together with partners. The company is present with own

operations in 17 countries and has an annualised revenue of approximately 100

million Euros. Zalaris consultants have more than 22 years of experience in

transforming HR in partnership with clients such that they can operate

seamlessly across borders. The aim is to: "Simplify work life. Achieve more."

For more information about us, go to zalaris.com.