Back to search

Deel Acquires PaySpace

Viewpoint

22 Mar 2024
Categories:
Human Resources Healthcare Provider Outsourcing Excellence | Standard Outsourcing Excellence | BPO Outsourcing Excellence | Banking and Financial Services Outsourcing Excellence | Healthcare and Life Sciences Outsourcing Excellence | Insurance Employer of Record (EOR) Multi-country Payroll Viewpoint
Analysts:
Priyanka Mitra
Samarth Kapur
Aseem Nousher

In March 2024, US-headquartered HR solution provider Deel, which started out as an Employer of Record (EOR), announced the acquisition of a prominent Africa-based payroll and HR software and services company, PaySpace. The acquisition holds significant market implications: it signals a shift in EOR providers’ ambitions to develop global payroll capabilities and could spur similar M&As in the market. Additionally, we anticipate that the acquisition will propel Deel closer to its goal of creating a full-suite HR platform that addresses employees' payroll, HR, performance, and compliance needs.

In this report, we analyze the acquisition’s background and context and its benefits for Deel and PaySpace. We also explore its implications for the EOR and Multi-country Payroll (MCP) markets, including a rise in investments in global employment platforms and intensification of competition in the market.

Scope

All industries and geographies

Contents

In this report, we examine:

  • Key trends in the HR outsourcing space
  • Background and context of the acquisition
  • Benefits of the acquisition for Deel
  • Benefits of the acquisition for PaySpace
  • Market implications of the acquisition

Membership(s)

Human Resources

Outsourcing Excellence