iiPay Receives Growth Capital Investment from Teakwood Capital

Funding Rounds

▤ Summary

iiPay, a Dallas, Texas-based payroll services company, received a growth capital investment from private equity firm Teakwood Capital.The amount of the deal was not disclosed.The company will use the proceeds to further enhance operational infrastructure related to its global payroll technology platform.Led by Bob Foster, CEO, iiPay provides an integrated suite of domestic and international software solutions – including Global Managed Services, Global E-Payslip Service, Global Reporting Service and Payroll Consulting Services – to more than 250 clients.The company also has offices in UK.

$ Funding

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Amount - Total raised
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Date March 2, 2016 Announcement date
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Investors Teakwood Capital LP Lead investors
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Company http://iipay.com Funded company

▥ Classifications

industries
No industries detected
applications
Accounting and Taxes

◇ AskAI Classifications

Labels
Payroll Software SaaS Global Payroll Management

▦ Linked Companies

iiPay
$5M to $10M