Company History

CloudPay has a long history and a proud record of servicing multi-national payroll for clients across the globe. Originally named Patersons, CloudPay is truly unique. Take a look at the key milestones in the company’s history and see for yourself how CloudPay evolved and has transformed payroll through combining internet technology and domain expertise to provide leading SaaS-based integrated global payroll services. The achievements are a testament to the company’s continued commitment to innovation and development.

1996: Patersons was founded.

1999: Patersons begins development of the world’s first true integrated SaaS-based global payroll solution resolving the largest problem faced by growing global organizations, the lack of one common global payroll platform for processing payroll.

1999: Patersons launches payroll services for the first country in the global solution, the UK.

2001: Patersons launches its CloudPay application (previously known as Logon2).

2002: Patersons first customer live on CloudPay application.

2003: Patersons increases customer base across Europe as expansion continues.

2004: Patersons continues to add new payroll functionality in CloudPay.

2005: Patersons continues development of CloudPay application introducing a number of new feature upgrades including a new global payroll processing engine, holiday accruals, and the deployment of a new workflow engine.

2006: Patersons enter into a partner agreement with IBM to serve joint customers.

2007: Patersons opens international offices in Raleigh, North Carolina, Singapore and Paris, France. This represented a significant step in the company’s global expansion program in support of multinational customers.

2008: Leading International PLM Software provider, Siemens PLM chooses Patersons for New EMEA-Wide Payroll for its 1700 staff in Europe, the Middle East and Africa.

2008: Patersons releases product enhancements and upgrades to its CloudPay suite of products including new Employee Self Service functionality.

2008: Patersons opens its Shanghai, China office, taking full advantage of the growing Chinese market and positive economic growth in the region.

2008: Patersons announces the general availability of full U.S. payroll functionality, one year after entering the U.S market.

2008: Patersons launches details of New Treasury Management and International Payroll Workflow capabilities enhancing user experience and system functionality.

2008: Patersons reaches 200 payroll provider partners across 160 countries.

2008: Patersons successfully secures $30 Million in Series A Funding.

2009: Patersons is awarded the ISO27001 accreditation.

2009: Patersons secures its biggest and most significant customer to date, to provide global payroll services to over 10,000 employees in 80 countries, validating its place as the leading provider of integrated global payroll.

2010: Patersons establishes a new partnership with leading strategic business consulting and management advisory practice, Jeitosa Group International.

2010: Patersons honored at the Fast Growth Business Awards 2010 winning the T-Mobile Fast Growth Business of the Year and International Business of the Year.

2010: Patersons becomes the first global payroll vendor to add ISO27001 Type11 Security Standard to its compliance accreditation portfolio. Combined with Patersons SAS-70 Type-11 accreditation, both of these standards strongly enforce Patersons’ level of commitment the company places upon the security and care of its customer’s data and property.

2010: Patersons is named a Cool Vendor by leading analyst firm, Gartner.

2010: Patersons extends its in-house processing capability to its 15th country.

2011: Patersons signs partnerships with Workday, the leading SaaS HRMS vendor, SuccessFactors, the leading provider of cloud-based Business Execution Software solutions, and NetSuite (NYSE: N) the industry’s leading provider of cloud-based financials and enterprise resource planning (ERP) software suites.

2011: Patersons announces new product name, CloudPay. The new platform name is considered to accentuate the cloud-based global payroll delivery central to the company’s strategy and talk to the company’s ambition to rapidly expand its in-house payroll processing capability.

2011: Patersons raises $6.45M in mezzanine funding led by Rho Ventures and supported by further investment from multiple inside investors and management team members.

2011: Patersons announces compliance with SSAE 16 and ISAE 3402 Standards, validating the company’s commitment to providing customers with streamlined processes, improved visibility, and secure and accurate global payroll services.

2012: Patersons signs a partnership with WorkForce Software, the leading provider of workforce management solutions for organizations with complex labor policies and stringent compliance demands.

2012: Patersons opens a new office in Hungary. This signifies a significant step in the company’s expansion into the Central and Eastern European market.

2012: Patersons announces strategic partnership with WorkPlace Systems, a world-leading supplier of cloud-based workforce management solutions.

2012: Patersons becomes CloudPay. Patersons re-brands and re-launches as CloudPay, a name that better describes its pioneering product and better purports the ambition of the company to be the foremost provider of cloud-based multi-national payroll technologies and services.

2012: CloudPay is recognized in Montclair Advisors SaaS Top 250 company listing.

2012: CloudPay raises $16 Million in Series B funding to extend technology leadership and accelerate growth.

2013: Everest Group Names CloudPay a Major Contender in Multi-Country Payroll Outsourcing.

2013: CloudPay experiences record growth in 2012 and gathers strong momentum for 2013.

2013: CloudPay is a winner of the 2013 Red Herring Top 100 Europe Award.

2013: CloudPay expands Board of Directors with addition of business development expert to help steer the direction of CloudPay’s strategic growth and innovation.

2013: CloudPay expands presence in Brazil by partnering with Apdata, a leading provider of payroll solutions in Brazil, to leverage the company’s technology, expertise and customer base.

2013: CloudPay announces comprehensive global payroll and payments solution; forms strategic alliance with Western Union Business Solutions.