• Acquisition represents a $10 million dollar investment by Immedis
• Immedis intends to create 150 jobs over next three years
• Expaticore currently employs 35 with all employees remaining at its current New Jersey base
Immedis, a specialist division of the Irish owned Taxback Group has today announced the acquisition of US international payroll company Expaticore. The $10 million acquisition is a first for Immedis, signifying a key step in the organisation’s ambitious growth plans, and its commitment to being the best in the field of international payroll and tax services. Coupled with the acquisition and expansion, Immedis also announced today that it intends to create 150 jobs over the next three years.
Expaticore, a tremendously successful company in its own right, has an established international client base and a proven reputation for high quality work, which has led to impressive client retention rates.
The acquisition is set to strengthen Immedis’ capabilities in the US and globally, increasing the network of expertise and bringing more benefit to clients worldwide.
Speaking about the acquisition, Ruairi Kelleher, Executive Director of Immedis said, “This is a wonderful day for Immedis and a significant milestone. We see real potential for the services we offer in the US market and are delighted to welcome our colleagues at Expaticore on board. There are clear synergies between the two businesses including our existing technology and tax expertise and their expertise on international payroll.
“There is little doubt that this level of expertise along with their talented team and network in the US will be extremely beneficial to Immedis and to our clients. Today’s announcement is a testament to the incredibly hard work of the team here at Immedis, and the support of the wider Taxback Group.”
David Leboff, President and Founder of Expaticore commented, “After two years of a growing relationship, I am proud that Expaticore is joining the Immedis family. The integration of both companies is certainly the most important development in the global payroll industry in years.”
“The research and investment Immedis has put into developing their global payroll & mobility tax platform will have a signiﬁcant impact on providing true transparency for clients seeking information in real time concerning their payrolls, employees and tax obligations.”
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The 2014 Ebola outbreak in West Africa has drawn many organizations together to fight this deadly disease. Expaticore, along with its West African network partner, Aikan HR, are coming together to do what we can to help support the critical work being done.
Specifically, Expaticore and Aikan HR are offering reduced rate services to the organizations fighting the Ebola Outbreak. Services include:
• Local National Payroll
• Expatriate Payroll
• Global Funds Management Solutions
We are not doctors, we are not nurses, and therefore we cannot help in that sense. What we can do is offer services that reduce distraction from the critical primary objectives such as treating the affected population and eliminating the spread of this deadly virus, and we can help channel some cost that would otherwise be spent on administration back into primary care and prevention. We hope that our contribution will be of help to those on the front lines of this battle.
The reduced rate programs are effective immediately.
Dave Leboff, President of Expaticore, delivered two days of intensive training on expatriate payroll and related concepts to to a class of 23 human resources professionals from the China National Offshore Oil Corporation on October 13 and 14, 2014 in Arlington, VA.
New partnership will provide Expaticore's growing global payroll clientele with end-to-end international payment and foreign exchange services.