Report
Richard Williamson

Zalaris - Commencement of strategic review

Zalaris announced a strategic review process on 2 April, as the company explores potential opportunities to accelerate growth and maximise value for both customers and shareholders. The potential of a sale and delisting reflects the sentiment from many other listed technology businesses that have recently gone private, finding public markets a restraint to investment in growth. There is no certainty that an initiative, event or transaction will take place. Zalaris’s Q124 results are scheduled for 7 May.
Underlying
Zalaris ASA

Zalaris ASA is a Norway-based company providing employment services. It provides business process outsourcing (BPO) services within human resources (HR) and payroll processing. Its offering is divided in four areas: payroll and HR outsourcing, comprising employee data management, time and absence processing, payroll solutions, compensation administration, and a range of cloud-based services for payroll processing; talent management, including solutions for competency management, performance reviews, learning, succession planning and recruiting; solutions for reporting and analysis of HR performance; and consulting in the areas of training and competence, application maintenance and operational services. Additionally, it provides implementation methodology. Zalaris ASA also operates as SAP BPO and human capital management partner, as well as provides consulting for SuccessFactors. It operates in Norway, Denmark, Sweden, Finland, Estonia, Latvia, Lithuania, Poland and the United Kingdom.

Provider
Edison Investment Research
Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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Analysts
Richard Williamson

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