Vistra announces the completion of its acquisition of iiPay securing the top 4 market leader spot in global multi-country payroll

Simon Webster, CEO of Vistra Group, commented: “This acquisition is a key accelerator of our platform strategy that aims to redefine how the world does business, making corporate compliance effortless and driving progress without friction. One of the key reasons Vistra was so excited to acquire iiPay is because of its team deep payroll expertise, its technology capabilities, footprint, and strength of client relationships. iiPay technology architecture supports scalability that helps us achieve our growth ambitions for global payroll and simplifies the complexities for our clients with innovative solutions that drive efficiency and compliance worldwide.”

Vistra's acquisition of iiPay positions Vistra as a market leader in global payroll delivery enabled by strengthened global payroll technology. By integrating iiPay's advanced platform with Vistra’s extensive service depth, it is well-prepared to meet the needs of modern businesses looking for a single global partner with access to a broader suite of international business solutions.

As a result of this acquisition, Vistra’s clients will benefit from improved automation in payroll processing, enhanced multi-country payroll consolidation and reporting, and stronger support for complex international operations. For iiPay clients, this acquisition means enhanced API integration, greater in-house coverage especially in the Asia-Pacific region, access to Vistra’s comprehensive services including entity management and tax advisory, and the backing of a $1 billion revenue business, ensuring continued investment in iiPay’s platform features.

T. Curtis Holmes, CEO of iiPay, added, "This marks an exciting new chapter for iiPay and Vistra. Together, we’re powered to deliver high-volume multi-country payroll with unmatched expertise across various regions. Our combined strengths will accelerate product innovation, expand our capabilities, and enhance the experience for our clients on a global scale, ensuring they stay ahead in their industries. Our combined business will position Vistra as a top 4 market leader in the fast-growing multi-country payroll space and we won’t stop there – our ambition is to get to the number one spot.”

For further information, please contact:

Ellie King

[email protected]

About Vistra

Vistra is a leading provider of essential business services to help companies and private capital funds grow across the entire business and investment lifecycle.

Here at Vistra, our purpose is progress. As a close ally to our clients, our role is to remove the friction that comes from the complexity of global business. We partner with companies and private capital managers along the corporate and private capital lifecycle. From HR to tax and from legal entity management to regulatory compliance, we quietly fix the operational and administrative frustrations that hamper business growth. With over 9,000 experts in more than 50 markets, we can accelerate progress, improve processes, and reduce risk, wherever your ambition takes you.

For more information about Vistra, visit vistra.com