Wagepoint announces strategic investment by Providence Strategic Growth
Summary
“Small- and medium-sized businesses continue to adopt cloud payroll technology at a rapid pace, and Wagepoint has developed a powerful, market-leading platform to serve this growing demand. Shrad and his team have done an exceptional job, focusing heavily on the user experience and developing a robust product that is extremely intuitive, affordable and easy-to-use. Their simple and intuitive software and leading customer support makes it easier for small businesses to automate payroll, which is often one of the most cumbersome and intimidating back-office functions. It’s faster, there are fewer mistakes, and employees can simply log in to the secure online portal to review their pay history, including every direct deposit to their account. Providence is a premier global asset management firm that pioneered a sector-focused approach to private equity investing with the vision that a dedicated team of industry experts could build exceptional companies of enduring value.
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