Over the past 24 months the company has grown from 10 employees in 2016 to over 170 people today. The company has ambitious plans to increase headcount further, with over 200 new roles planned over the next 18 months, making it one of the most rapidly scaling indigenous companies in Ireland’s financial technology sector.
The new roles will support the company’s ongoing expansion, providing a growing number of the world’s largest organisations with global payroll services and software. With recruitment commencing immediately, the roles will include experts in tax, compliance, IT, software development, marketing, finance, and sales.
Growing into a $43 Billion Market
According to a 2018 Research and Market report, the global payroll and HR market is estimated to be worth over $43 billion globally, and Irish company Immedis is at the forefront of both technology and service in the sector. Immedis’ growth is powered by its unique focus on both a proprietary cloud-based solution that simplifies the management and reporting of global payroll coupled with on-the-ground teams of tax experts providing customer service across payroll and employment tax advisory.
Speaking about the announcement today from the company’s office in Dublin, CEO Ruairi Kelleher said: ‘We are delighted to be partnering with SEP. Their investment and experience of scaling technology companies will help us further execute on our ambition to be the best in the world, continuing to balance our market leading technology with deep international tax knowledge that puts our platform to the fore of the global payroll landscape.
This external validation proves that we are making significant inroads into the global market and doing so in a compelling and sustainable manner. We are delighted to announce the creation of new roles across all areas of the business to ensure our position at the leading edge of our industry whilst maintaining the highest standards that underpin what Immedis represents.”
“Immedis has a fantastic record of growth to date, the leading cloud-based global payroll platform in iConnect, and an exceptional track record of delivering for its customers” said Keith Davidson, a Partner at SEP. “Our investment is a vote of confidence in the business, helping it to continue to innovate through further investment into its product and people. With its combination of expertise, technology, talent and track record to date, we are excited to have Immedis join our investment portfolio.”
Using Immedis’ iConnect platform clients of the company can ensure a fully tax and data compliant service in over 130 countries worldwide. As well as offering an easily accessible and user-friendly platform, the company’s teams of tax experts provide the human touch needed to resolve global payroll queries.
