Vistra acquires iiPay
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This powerful combination creates one of the world's most comprehensive global payroll offerings and is a milestone moment for Vistra.
Simon Webster, CEO of Vistra Group, commented: 'This acquisition is a key accelerator of our platform strategy that aims to redefine how the world does business, making corporate compliance effortless and driving progress without friction. One of the key reasons Vistra was so excited to acquire iiPay is because of its team deep payroll expertise, its technology capabilities, footprint, and strength of client relationships. iiPay technology architecture supports scalability that helps us achieve our growth ambitions for global payroll and simplifies the complexities for our clients with innovative solutions that drive efficiency and compliance worldwide.'
Vistra's acquisition of iiPay positions Vistra as a market leader in global payroll delivery enabled by strengthened global payroll technology. By integrating iiPay's advanced platform with Vistra's extensive service depth, it is well-prepared to meet the needs of modern businesses looking for a single global partner with access to a broader suite of international business solutions.
As a result of this acquisition, Vistra's clients will benefit from improved automation in payroll processing, enhanced multi-country payroll consolidation and reporting, and stronger support for complex international operations. For iiPay clients, this acquisition means enhanced API integration, greater in-house coverage especially in the Asia-Pacific region, access to Vistra's comprehensive services including entity management and tax advisory, and the backing of a $1 billion revenue business, ensuring continued investment in iiPay's platform features.
T. Curtis Holmes, CEO of iiPay, added, 'This marks an exciting new chapter for iiPay and Vistra. Together, we're powered to deliver high-volume multi-country payroll with unmatched expertise across various regions. Our combined strengths will accelerate product innovation, expand our capabilities, and enhance the experience for our clients on a global scale, ensuring they stay ahead in their industries. Our combined business will position Vistra as a top 4 market leader in the fast-growing multi-country payroll space and we won't stop there - our ambition is to get to the number one spot.'
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