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SurePayroll Promotes Michael Alter to President
Staff Reporters SurePayroll, a provider of Web-based payroll services, said that it has promoted Michael Alter to president. Mr. Alter replaces Debra A. Janssen, who has since left the company. Mr. Alter has been charged with continuing the company's growth trajectory, said a company spokesman. Mr. Alter will also join the company's board of directors. Mr. Alter joined SurePayroll in 1999 as its fifth employee as senior vice president of marketing and business development. Previously, he served as consultant at McKinsey, where he also founded the service operations practice. He also worked in various sales positions at IBM. SurePayroll specializes in payroll services for businesses with under 100 employees. In 2003, SurePayroll processed over $2.5 billion in payments. A company spokesman said that the company has seen rapid growth in the past year, going from 4,500 clients to over 10,000, making the company the largest on-line payroll company and the fifth largest in total. Skokie, Ill.-based SurePayroll, founded in 1999, has raised $17 million in funding from Wells Fargo, Kettle Partners, BlueStar Ventures, and Mesirow Capital Partners. SurePayroll has 70 employees. Copyright © 2004. Dow Jones & Company, Inc. |
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