Vistra announces strategic acquisition of iiPay to create a top 4 market leader in global multi-country payroll.

Once completed, the combined business will process almost ten million payslips annually and operate in over 170 markets. To bring clients more compelling solutions, Vistra will leverage both organizations' highly complementary capabilities: iiPay’s deep outbound payroll expertise and capabilities in the US, Canada, Europe and Latin America, together with Vistra’s established in-country payroll and advisory capabilities across the Asia Pacific and EMEA regions. 

iiPay’s scalable, multi-country platform is driven by innovative technology that automates and solves the complexities of managing global payroll, increasing time savings, reducing manual intervention, and enhancing the experience for clients’ employees. Combining this technology with local payroll delivery through in-house payroll experts, and a strong partner network of in-country affiliates with deep understanding of local legislation and regulatory requirements, creates a compelling end to end scaled global payroll solution.

The expertise, capability, and innovative mindset of the iiPay team have enabled it to build a strong client base, including well-recognized corporate customers, that use its payroll solution to support their international expansion, particularly where payroll complexities are high. For iiPay clients the acquisition enables access to Vistra’s global expertise and products including multi-country entity management, tax, statutory accounting compliance, and HR advisory services.

Simon Webster, CEO of Vistra Group, stated, “A seamless payroll experience is key to Vistra's vision of making operating globally feel borderless and frictionless. Our solutions help our clients to navigate complexity in both their domestic and international markets, and to operate efficiently and compliantly wherever they need to. The acquisition of iiPay means we will be able provide high-volume multi-country payroll while adding to our deep bench of specialist expertise. It is also an accelerator of our platform strategy that aims to redefine how the world does business, making corporate compliance effortless and driving progress without friction.”

T. Curtis Holmes, CEO of iiPay, shared, "This is a landmark moment for both iiPay and Vistra, marking the beginning of an exciting new chapter in global payroll. This transformative acquisition propels iiPay and Vistra into a market leadership position in the global payroll industry. Together, we are combining our strengths to accelerate product innovation, expand our capabilities, and create opportunities for our teams. Most importantly, this positions us to deliver an exceptional experience for our valued clients on a global scale, which remains our top priority.”

Completion of the transaction is subject to FCA approval.

For further information, please contact:

Ellie King [email protected]

For more information about Vistra, visit vistra.com

For more information about iiPay, visit iiPay.com