Announcements & Appointments
HR Technology
Zone & Co announces acquisition of international payroll and employee service software firm Infinet Cloud
August 23, 2023
By
Talent Canada
Zone & Co, an Oracle NetSuite SuiteCloud Developer Network partner that specializes in cloud-native, financial services software, has acquired Infinet Cloud, another NetSuite SuiteCloud Developer Network partner that specializes in the development of international payroll and employee services software.
The move expands Zone’s geographic footprint across the United Kingdom, Australia, New Zealand, and Canada, and bolsters its existing portfolio of Zone Apps to now include payroll and HR capabilities alongside its finance solutions, it said in a press release. This will further advance its ability to help the office of the CFO and adjacent teams work faster and more securely while maximizing platform value.
“HR and finance are closely connected by nature. The addition of Infinet Cloud’s highly sought-after payroll solutions to our portfolio, therefore, makes a lot of sense for us and our customers,” said Thomas Kim, CEO at Zone & Co. “By combining these fin-ops and adjacent automation needs, Zone helps customers get the most out of their NetSuite environments and support growth.”
Anton Selfe, General Manager at Infinet Cloud, adds: “Joining Zone & Co — a company with the same beginnings, values, and ethos — is the perfect opportunity for us to accelerate our ambitious plans. In recent years we have seen rapid growth in our markets (Australia, New Zealand, and the United Kingdom), with more and more customers wanting to bring accounting and payroll functions together. This, combined with the upcoming rollout of Canadian Payroll, presents an awesome opportunity that we can now realize to its full potential under the Zone Apps umbrella.”
Infinet Cloud’s global team, it’s three founding partners, and existing clients, will migrate to Zone & Co as part of the acquisition. The integration of both companies will take a phased approach and is expected to be completed before the end of 2023.
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