Sure funding for SurePayroll

January 22, 2001
Crain's Chicago Business
By Julie Johnsson

Serial entrepreneur Scott Wald, a rarity in these parts, has landed $8 million in financing for his latest venture: Skokie-based SurePayroll. The Web-based payroll processor will use the proceeds to ramp up sales to small business owners and double its 25-employee staff, says Michael Alter, senior vice-president. While its finicky target market might deter some investors, SurePayroll has an added selling point: Mr. Wald, who built Buffalo Grove's Asap Software Express into a $650-million global distributor before selling it in 1996.