CHICAGO — April 8, 2002 — Continuing to strengthen its leadership position in the online payroll marketplace, SurePayroll today announced that it has acquired the customer base of privately held Virtual Payroll, a Florida-based pioneer in the online payroll industry.
Under the agreement, the Virtual Payroll customer base will automatically and seamlessly be transitioned to SurePayroll's service. Financial terms of the agreement were not disclosed.
"This transaction is consistent with our mission to become the leading provider of online payroll services," said Michael Alter, Senior Vice President of SurePayroll. "We have long respected the pioneering work that Virtual Payroll has done in the online payroll space, and, today, we welcome its customers into the SurePayroll family."
"SurePayroll has led the market in creating an online payroll service that saves small businesses time and money, and gives them a level of control that has not been available in traditional payroll outsourcing solutions." said Rey Monzon, President of Virtual Payroll. "We believe our clients will be very satisfied with SurePayroll."
About SurePayroll:
SurePayroll is the online alternative to ADP® and Paychex®. SurePayroll's service and team members are dedicated to providing an easy, convenient online payroll service at a price small business owners can afford. Tens of thousands of customers rely on SurePayroll to process payroll wherever they want in as few as two minutes.
In addition, SurePayroll offers small businesses solutions for managing 401(k) plans, health insurance, workers' compensation, HR compliance and employee screening. For accountants and banking partners, SurePayroll provides private-label services that enable them to offer payroll processing to their small business clients.
Over the last decade, SurePayroll has received numerous prestigious awards for its innovative technology and outstanding customer service, including recognition from PC Magazine, Inc. 500, Accounting Today, the Stevie Awards and many others.
For more information, you can visit http://www.surepayroll.com, call 877.954.7873 or follow us on http://twitter.com/SurePayroll.
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