Report
Richard Williamson

Zalaris - Simplifying HR and payroll solutions

Zalaris is a leading European provider of comprehensive payroll and HR solutions and services, covering the entire employee lifecycle. The company’s proprietary platform PeopleHub is tailored towards multinational corporations or large and complex single-country projects, the more attractive end of the business process outsourcing (BPO) market. Due to long-term relationships with customers and a low churn rate, the company has an improving financial profile with good revenue momentum as well as visibility due to a large proportion of recurring revenues in the mix. Margin initiatives are starting to bear fruit, which should drive further cash generation and returns.
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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