M&A Deal Summary

Deel Acquires PaySpace

On March 5, 2024, Deel acquired information technology company PaySpace

Acquisition Highlights
  • This is Deel’s 1st transaction in the Information Technology sector.
  • This is Deel’s 1st transaction in South Africa.

M&A Deal Summary
Date 2024-03-05
Target PaySpace
Sector Information Technology
Buyer(s) Deel
Deal Type Add-on Acquisition

Target

PaySpace

Blackheath, South Africa
website
PaySpace provides multi-country payroll and HR functionality with built-in compliance for organizations of all sizes and industry sectors. It provides a single truth for payroll and HR data - and the tools to make strategic decisions at every level. PaySpace was founded in 2002 and is based in Blackheath, South Africa.

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Buyer(S) 1

Buyer

Deel

San Francisco, California, United States

website

Category Company
Founded 2018
Sector Information Technology
DESCRIPTION

Deel is a global compliance and payroll solution that helps businesses hire anyone, anywhere. Using a tech-enabled self-serve process, companies can now hire independent contractors and full-time employees in over 150 countries, compliantly and in minutes. Deel was founded in 2018 and is based in San Francisco, California.

DEAL STATS #
Overall 4 of 4
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 4 of 4
Country (South Africa) 1 of 1
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-21 PayGroup

Melbourne, Australia

PayGroup is a provider of payroll and human capital management (HCM) solutions and employer of record delivering mission-critical services. PayGroup was formed in 2018 and is based in Melbourne, Australia.

Buy AU$121M
Mergr

Product

Company

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