Business

Investment leads to jobs

BALLYMONEY firm Payescape is to create seven jobs following investment by a US entrepreneur and £63,000 support from Invest NI.

The business provides online outsourced payroll services to small and medium-sized enterprises.

The expansion comes following investment by entrepreneur Steve Sarowitz, founder of Paylocity, a successful US payroll company.

Payescape managing director John Borland, said: "This investment is a game changer for the business and we are excited about the potential for Payescape Ltd in the UK market."

Bill Montgomery from Invest NI added: "The market for outsourced payroll services is growing as a result of the increasing complexity of processing payroll in the UK. "Payescape offers SMEs a fully managed, cost-effective service that eases the task of payroll processing and reporting. Under the direction of Steve Sarowitz the business is well positioned to take advantage of growing market opportunities."