04 Jan 2021

Paychex acquires Emply – a fast-growing HR software company

Acquisition of fast-growing SaaS provider for HR management boosts Paychex's international growth in Germany, Scandinavia, and Benelux.

Hamburg, Germany (January 4, 2021) - Paychex, Inc. today announced the acquisition of Emply, a fast-growing SaaS provider with HR management, recruiting, onboarding, and training management solutions. Emply has established itself as an emerging leader in HR solutions in Denmark, Benelux, and the Nordic countries and is also active in the German market. 
The acquisition of Emply is expected to drive the targeted growth and expansion of the product offerings and services of Paychex Deutschland GmbH and Lessor Group, which was acquired by Paychex Inc. in 2018. The acquisition of Emply also enables Paychex to expand into further international markets.
Henrik Møller, CEO of Lessor Group and Paychex Europe, emphasizes that Emply's HR capabilities and the company's entry into new markets in Europe are an important step in Paychex Europe's growth strategy, adding:
"We see obvious parallels in the customer segments, characteristics, and size of Emply and Paychex customers. Payroll customers in our main markets of Germany and Denmark have expressed a need for advanced, cloud-based HR solutions. With the HR management, recruitment, onboarding and training management products, Emply's offerings significantly expand our products and services. The breadth of Emply's solutions and presence in additional markets will serve as growth drivers for our European business." 
Emply's founder and Managing Director, Gert Abildskov, shares Henrik Møller's vision both in terms of the value of the expanded product and service offering and the potential for future growth in Europe: "We are very excited about this new collaboration with Paychex and Lessor, which opens up new opportunities for international expansion. Emply has seen significant growth over the years, and our platform covers the HR functions that businesses need most today. Existing Emply customers will benefit from Paychex and Lessor's superior payroll expertise. This know-how, combined with Emply's robust HR technology capabilities, will deliver a powerful solution that not only drives growth in Denmark and Germany, but around the world." 
Tim Schütte, CEO of Paychex Deutschland GmbH, is also pleased about the current developments: "Our customers in Germany are increasingly looking for solutions from a single source in the area of HR software, time tracking, and payroll. We will be able to meet this demand with our acquisition of Emply. Through future acquisitions, we will continue to grow in Europe and in Germany.” 

About Paychex, Inc.

The parent company Paychex, Inc., headquartered in Rochester, NY, USA (NASDAQ: PAYX), is a leading provider of integrated human capital management solutions for payroll, benefits, human resources, and insurance services. By combining its innovative software-as-a-service technology and mobility platform with dedicated, personalized service, Paychex Inc. enables small and medium-sized enterprises to focus on growing and managing their business. With more than 45 years of industry expertise, Paychex serves more than 680,000 payroll customers at more than 100 locations in the U.S. and Europe, and pays one in 12 U.S. private sector employees. Learn more about Paychex Inc. 

About Emply 

Emply is a leading provider of HR cloud-based software for small, medium, and large businesses looking to streamline their HR processes. Emply was founded in 2010 with the aim of simplifying the complicated processes in HR departments by means of a modern and intuitive HR platform. With more than 800,000 daily users in over 30 countries, Emply has established itself as a leading and innovative HR systems provider among companies that require a comprehensive solution, dedicated personal support, and industry-leading security technology.  

About Paychex Deutschland GmbH

Paychex Deutschland GmbH is a wholly owned subsidiary of Paychex Inc. in New York. The GmbH brings together more than 37 years of experience in payroll accounting. The head office is in Hamburg, with branches in Berlin, Dresden, Itzehoe, and Lünen. Currently, about 165 employees work for the company and the number is growing.
Paychex includes Lohndata GmbH in Berlin and the Danish Lessor Group, the leading provider of software solutions for payroll and human capital management.

About Lessor Group

Since 1972, Lessor Group (Lessor) has been the market-leading provider of payroll, human resources (HR), time and attendance, and personnel management software solutions for small, medium, and large businesses.
Lessor offers its services in two distinct models: Payroll creation via the Lessor platform and Microsoft Dynamics as Software-as-a-Service (SaaS) and an HCM suite; the market-leading cloud-based do-it-yourself platform "Danløn" in Denmark and under the following North European brands: "ilohngehalt" (Germany) and "Swelön" (Sweden).
The Lessor Group is headquartered in Denmark and currently operates in Denmark, Sweden, and Germany. Lessor Group was acquired by Paychex, Inc. in 2018.


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