On 7 May 2025, Vistra announced the acquisition of iiPay, a leader in cloud-based global payroll solutions (completion of the transaction is subject to FCA approval). Vistra is a leading provider of essential business services that helps organisations invest, grow, and operate efficiently and compliantly worldwide, according to the company. Their multi-country payroll services are recognised in the Everest Group Multi-country Payroll (MCP) Solutions PEAK Matrix® Assessment 2024 as a Star Performer. iiPay offers a scalable multi-country payroll platform with in-country payroll services and was recognised in the same assessment as a major contender in the space.
Vistra Set to Become a Top 4 Market Leader
According to Vistra, the acquisition aims to significantly enhance its payroll capabilities, particularly in the fast-growing mid-market and enterprise multi-country payroll space. It will boost its coverage to more than 170 countries, covering each region with local expertise and processing of nearly 10 million payslips annually. By integrating iiPay’s advanced payroll platform and global delivery expertise, Vistra plans to strengthen its end-to-end HR and payroll offerings, addressing the growing demand for unified workforce management solutions worldwide.
Simon Webster, CEO of Vistra Group, stated "A seamless payroll experience is key to Vistra's vision of making operating globally feel borderless and frictionless.”
T. Curtis Holmes, CEO of iiPay, stated "This is a landmark moment for both iiPay and Vistra, marking the beginning of an exciting new chapter in global payroll.”
Vistra shares that this acquisition underscores its commitment to expanding its global footprint and enhancing its service offerings to meet the evolving needs of multinational clients.
Consolidation Accelerates Among Global Payroll Tech and Service Providers
In March 2025, Deel acquired Safeguard Global’s global payroll division. This has now been followed by the acquisition of iiPay by Vistra. This makes clear that there is continued consolidation in the global payroll service and technology provider landscape as they respond to the growing market demand.
Payroll professionals who are customers of either party are encouraged to engage with their respective account managers to understand how they can leverage the acquisition's benefits for the services offered to them while also continuing existing operations.
Join The Payroll Community to connect with more than 30,000 of your payroll peers worldwide. Gain access to the Global Forum, where you can network with payroll professionals, ask follow-up questions about this article, and more.
If you would like to access other global payroll resources, please subscribe here.
Max van der Klis-Busink, MCIPP, RPP, is the Owner of Passion For Payroll and Vice President of Global Strategy on PayrollOrg’s Board of Directors.
