Ciphr acquisition news – UK-based Ciphr Acquired Shape Payroll

The deal marks a significant ramp-up in payroll-focused activities for the Reading-based, ECI-backed tech group, which already processes over £2 billion in payroll and BACS salary payments a year for its clients.

It has also made several key appointments since last October, including Julie Lally, as MD of payroll; Daniel Turnbull as VP of customer operations; Andrew Stevens as chief technology officer; Jaspal Randhawa, as director of product (payroll, compliance and data platform); Eira Hammond, as payroll bureau and transformation director; and regulatory analyst Claire Warner FCIPP.

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Joining forces with Shape – a robust and intuitive, API-led payroll solution – will build on this business growth. It will accelerate the development of it’s market-leading payroll technology and help ensure that it can deliver an even better experience for its new and existing payroll customers and their people.

It’s founders, husband and wife team Alex and Cheri Bartlett, and the rest of their team, will also join Ciphr from today.

Sion Lewis, CEO of Ciphr, says: “We’re thrilled to welcome Alex and Cheri to the Ciphr team. Shape is a cutting-edge, API-first payroll solution that has a great reputation in the payroll sector. Shape’s applications are extensive and well-suited to medium and large-sized organisations, like Ciphr’s customers. We have great HR solutions, we are HR experts – it’s what we do best – and we have more than 40 years’ experience in the HR and payroll industry. Building out Ciphr’s payroll business is a key focus for us this year, and part of our longer-term growth strategy. And Shape is a perfect fit to take our payroll tech to the next level. This acquisition will truly enhance our payroll proposition and help us to continue to support and empower the payroll professionals who use, and rely on, Ciphr’s software and solutions.”

Lewis adds: “We’re delighted to welcome Shape customers to Ciphr. They can rest assured that they’ll continue to benefit from the same dedicated service they’ve known, while Ciphr’s additional resources mean we can continue to develop new, more functionality-rich features for our combined customer base. We also look forward to continuing to work with Shape’s commercial partners to power their payroll products. I’m really excited about the opportunities ahead.”

Julie Lally, MD of payroll at Ciphr, says: “This is an exciting acquisition for Ciphr. Shape is a pioneering payroll technology company that is renowned for its innovative, API-first payroll solution and commitment to payroll technology excellence. It has a proven track record of simplifying payroll operations, as it is implemented at pace and integrates with other systems with ease. Like Ciphr, Shape is dedicated to revolutionising the way organisations manage their workforce. This acquisition underscores Ciphr's commitment to innovation, customer satisfaction, and technological excellence, as we continue to empower businesses with the tools they need to thrive in an ever-evolving digital landscape.”

Alex Bartlett, co-founder of Shape Payroll, adds: “Cheri and I founded Shape with a vision to build the most flexible payroll software possible, allowing integration at any level via our Open API and backing that up with an intuitive user interface and fantastic customer support. We’re immensely proud of what we have achieved over the last five years, and it has been a privilege to work with all the fantastic people we have met along the way. The relationships we have built, and the feedback we’ve received from our customers, has been amazing. We are both extremely excited about Shape becoming part of the Ciphr Group and taking the next step in this journey. With the help of the amazing team at Ciphr, we will be able to take our application to the next level. And being part of the Ciphr brand will enable us to help customers we couldn’t have reached before.”

Stephen Roberts, partner at ECI, says: “We’re delighted to welcome Alex and the Shape team into Ciphr and therefore the ECI portfolio. It’s another exciting development for Ciphr, further strengthening its payroll proposition to customers. We look forward to working with Sion and the rest of the combined team to continue Ciphr's organic and acquisitive growth journey.”

About Ciphr

Ciphr is a payroll and HR software partner that increases the effectiveness of your staff. They expedite your procedures so you can focus more on your passions.
With sophisticated HR software, payroll software, LMS software, and recruiting software that makes HR staff visible and heard, They support the HR community. Their products facilitate the smooth operation of HR departments and offer invaluable human knowledge to guide your people strategy.

About Shape payroll

Shape wants to change the way businesses compensate their staff. Shape's payroll platform, which is fully integrated and API-first, enables companies of all sizes to increase productivity and create happier employees.