PeopleStrong, Asia Pacific’s enterprise HR technology company, announced the acquisition of PayReview, a salary and compensation tech platform with over 100 enterprise customers. This further extends the capabilities of PeopleStrong’s HR Tech, bringing efficiency and transparency to traditional compensation management, enabling enterprises across APAC to drive data-backed talent strategies and improve business profitability.
Founded in 2017 by Anuraag Srivastav (CEO) and Dinesh Gadge (Director Technology), PayReview began with a vision to bring transparency and fairness in compensation management through world-class technology. In an all-cash and stock deal, PayReview will now be a part of PeopleStrong’s HR Tech 4.0 platform bringing work pay and talent compensation together, delivering an intuitive and powerful solution designed to automate the compensation review and increment process.
Sandeep Chaudhary, CEO PeopleStrong commented, “In today’s Talent Economy, the negotiating power resides with the talent, and pay management has become central to any value creation for employees. The new digitally adapted world comes with new work-life and business models which complicate things even further for high-growth enterprises with an ever-demanding talent workforce.
We have, and continue to make significant investments in people and technology to fuel our 3X growth strategy, and are committed to helping enterprises solve complex HR problems with tech. With the inclusion of PayReview in our product portfolio, we believe enterprises will gain momentum in creating a truly people-centric organisation with a future-ready workforce.”
“We are elated to join the PeopleStrong family. This comes as the next step in our evolution which was 5 years in the making as we grew from a start-up to a client base of 100+ enterprises and their 500K employees,” said CEO, PayReview, Anuraag Srivastav.
“We are thankful to our customers like JSW, L&T, WNS, Chola, Mahindra Logistics, and many more who instilled confidence in our product & helped it grow to be a scalable and proven compensation platform across India and SEA. Today, we are the only company to provide a seamless experience to organisations across all forms of remuneration – cash, benefits, and equity. With PeopleStrong, we will help enterprises build fair compensation practices at scale, and with insights, instil transparency in the most important yet complex part of their work-life – their salary,” added Srivastav.
Sandeep continues “At PeopleStrong, we are a group of entrepreneurs at the helm. We are delighted to have Anuraag join the group, and I’m excited to chart a new growth trajectory as we continue to expand in newer markets while solidifying our dominance across Asia”