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Patersons Named “Cool Vendor" by Leading Analyst Firm

Jun 1, 2010 

Patersons Named “Cool Vendor” by Leading Analyst Firm
— Vendors Selected for the “Cool Vendors” Report are Innovative, Impactful and Intriguing—

RALEIGH, N.C. and SALISBURY, U.K. (May 27, 2010) — Patersons HR and Payroll Solutions, a leading global HR and payroll software and services business that can deliver expert solutions to clients in more than 160 countries, has been named a “Cool Vendor” in the “Cool Vendors: Where Are They Now?” published on May 3, 2010 by Michele Cantara et al of the information technology research and advisory firm Gartner, Inc.

Using a single SaaS-based platform, single vendor contract approach, Patersons serves the global payroll needs of an extensive base of multi-national customers. For example, a multi-national organization with employee populations in countries such as Moldavia or Azerbaijan can also receive payroll and HR solutions through Patersons’ specialized expertise and global knowledge.

In 2008, Patersons was one of the few vendors to develop multi-country payroll software, written for Internet access and designed as a Software-as-a-Service (SaaS) offering. Since then, the company has grown revenue by 140% while servicing clients through six hubs around the globe and in multiple languages. It has been selected as a global payroll partner by some of the world’s leading business process outsourcers to help these BPO vendors reach remote markets with a reliable global payroll service.

“We believe Patersons’ appearance in Gartner’s ‘Cool Vendor’ report underscores what we’re seeing in the market: the growing need for a one platform, one vendor approach to global payroll that can effectively address the complex needs of each region,” said Andrew Pearson, CEO of Patersons.

About Gartner's “Cool Vendors” Selection Process

Gartner's listing does not constitute an exhaustive list of vendors in any given technology area, but rather is designed to highlight interesting, new and innovative vendors, products and services. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness of a particular purpose. Gartner defines a cool vendor as a company that offers technologies or solutions that are: Innovative, enable users to do things they couldn't do before; Impactful, have, or will have, business impact (not just technology for the sake of technology); Intriguing, have caught Gartner's interest or curiosity in approximately the past six months.

About Patersons HR and Payroll Solutions

Headquartered in Salisbury, U.K. with offices in the U.S., central Europe and Asia, Patersons HR and Payroll Solutions is a leading global HR and payroll software and services business delivering expert solutions to clients in more than 160 countries. The Company’s secure Internet-based software as a service is multi-currency and multi-lingual (covering over 30 languages), features an easy-to-use interface, supports fast implementation times and facilitates integration with existing systems. Patersons HR and Payroll Solutions differentiates itself by: one contract, one software solution, one enterprise interface and one cohesive system approach. As a result, Patersons has proved the impossible by being able to run multi-jurisdictional payroll rules for multiple clients on one database and one instance of source code worldwide.

More information and contact details can be accessed athref="http://www.patersons.net"target="_blank">www.patersons.net

Jeanne Achille
The Devon Group
(732) 706-0123, ext. 11


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