Tricor Group announced today the agreement to acquire Orisoft Technology Sdn Bhd., a fast-growing leader in payroll and human capital management (HCM) software and services. Headquartered in Petaling Jaya, Malaysia, Orisoft will enhance Tricor Group’s existing payroll services capabilities with its multi-country payroll aggregation offerings and cloud-based payroll software solutions.
The market for outsourced multi-country payroll and HCM solutions is rapidly gaining momentum across Asia as multinationals and regional companies of all sizes seek to reduce operational complexity while improving overall functionality, transparency, and compliance. With the acquisition of Orisoft, Tricor Group will be able to offer clients an even broader suite of integrated turn-key solutions delivered as managed services or via the cloud, freeing them to focus on core activities.
“Orisoft’s technology platform will allow Tricor Group to leverage its existing service delivery footprint in new ways. We will be able to offer clients complete, end-to-end multi-country payroll aggregation and HCM solutions, with new features and greater efficiencies to support their human capital. The acquisition reinforces Tricor Group’s position as the leading provider of business services, corporate services, and investor services in the region.” said Mr. Johnny Ng, Group Chief Executive Officer of Tricor Group.
Click below to download the full release.