UK - Rho Ventures invests $30m into Patersons HR
US-based Rho Ventures has led a $30m series-A round of payroll software services provider Patersons HR and Payroll Solutions.
The company was founded in 1996, and had previously been funded by a group of business angels. It has developed a web-based offering, Logon2, which fully leverages the Software-as-a-Service platform. Features include: robust functionality, including employee and manager self service; a global multi-lingual, multi-currency HR suite; online global payroll processing; expatriate management; performance management; flexible benefits and benefits administration; and a full business intelligence and reporting suite.
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