Paybooks Technologies, a Bengaluru-based company specializing in HR, payroll and compliance solutions, was acquired by TransPerfect, a New York-based company offering enterprise language and AI solutions. The financial details of the acquisition were not disclosed.
Paybooks offers a comprehensive cloud-based HR and payroll system that helps enterprises manage the entire employee lifecycle. Its services include recruiting, onboarding, payroll, benefits, compliance and more, along with analytics and self-service options for employees. TransPerfect serves more than 6,000 companies with a solution for simplifying multilingual content management in over 200 languages.
The acquisition enables Paybooks to leverage TransPerfect’s expansive resources and global presence. Paybooks will maintain its leadership with the current CEO, COO and chief product officer continuing in their roles and joining TransPerfect’s senior management team. All employees will be retained, and the company will continue to operate its cloud-based HR and payroll system, now supported by TransPerfect’s R&D capabilities.
