– Originally published on Finsmes.com
Immedis, a Dublin, Ireland-based provider of consolidated global payroll solutions, secured a $50m strategic investment from Lead Edge Capital.
Brian Neider, Partner at Lead Edge Capital, will join Immedis’ Board of Directors. The valuation of the company has grown to over $575m.
This investment will support global growth, including the opening of a West Coast and Singapore office to service the increased demand from US and APAC clients.
Founded and majority owned by Terry Clune of the Clune Technology Group and led by Ruairi Kelleher, CEO, Immedis Immedis is the global leader in consolidated global payroll solutions. Processing payroll in over 150 countries, the platform provides a unified view of global payroll operations, real-time data analytics, and advanced reporting capability, while ensuring legislative compliance and data security.