Ciphr Acquires Shape Payroll

June 3, 2024

Reading-based HR software group Ciphr has acquired Shape, a cloud-based, API-first payroll platform used by around 1,500 UK businesses. The deal (Ciphr is backed by ECI Partners) is intended to accelerate Ciphr’s payroll technology development and strengthen its payroll proposition for medium and large organisations.

Buyers
Ciphr
Targets
Shape Payroll
Industry
Cloud & SaaS
Location
United Kingdom
Transaction Type
Buyout

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