CloudPay, a payroll services provider, lands $120M in new funding
Payroll services provider CloudPay has landed $120 million in a new funding round nearly two decades after its founding.
In 1996, two companies, Patersons HR and Payroll Solutions, formed a venture called CloudPay to provide payroll and payments services to enterprise clients. CloudPay grew quietly over the next several decades, adding workflow automation features to maintain pace with upstart rivals.
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