# Immedis

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/immedis

- Industry: Software
- Headquarters: Dublin, Ireland
- Website: www.immedis.com
- Total disclosed funding: $80M
- Latest round: Series B (Nov 27, 2020)
- Investors on record: 2

## About

Immedis Limited, based in Dublin, Ireland, specializes in global payroll and workforce management solutions, providing businesses with streamlined services to manage payroll across diverse international markets.Immedis Limited is a payroll management company that focuses on providing global payroll solutions. Founded in 2016 in Dublin, Ireland, the company was co-founded by Richard Limpkin and Terry Clune. In June 2023, it was acquired by UKG Inc. for EUR 575 million, complementing both companies' capabilities to enhance their product offerings and market presence. The firm has completed a total of 4 deals, with the most recent deal occurring on June 6, 2023. The acquisition marks a significant milestone in the company’s journey, aligning with its strategic growth.Immedis offers a suite of integrated solutions designed to streamline and optimize global payroll management across diverse geographical markets. Its core offerings include UKG One View Connect, which provides a unified view of payroll data from multiple in-country providers, enabling organizations to overcome the challenges of disparate payroll systems. Additionally, UKG One View Managed automates payroll processing to ensure compliance with local regulations in over 160 countries, while UKG One View Payments facilitates cross-border money movement and employee funding in more than 120 currencies. The company serves over 80,000 clients across various industries, including retail, hospitality, healthcare, and manufacturing, providing enhanced workforce management for organizations of all sizes.In 2023, Immedis reported a revenue of EUR 14,396,479.30 with an EBITDA of EUR -12,101,500.30. The company's revenue generation primarily comes from subscription-based pricing models for its suite of payroll and workforce management solutions, enabling clients to access ongoing updates and support.The recent acquisition by UKG Inc. is set to enhance Immedis' future growth strategy, particularly in expanding its product portfolio and market reach. With plans to roll out new products designed to further streamline payroll processes, the company aims to penetrate additional geographic regions. Specific targets for expansion have not been detailed, but the focus on enhanced payroll capabilities positions Immedis to strengthen its market presence. The EUR 575 million from the acquisition is expected to support these strategic initiatives, allowing the company to better serve its clients and expand its offerings.

## Funding rounds

- Series B, Nov 27, 2020, $52M — Lead Edge Capital
- Series A, May 24, 2019, $28M — Scottish Equity Partners

## Investors

- Scottish Equity Partners (https://capitalatlas.ai/funds/scottish-equity-partners) — Series A
- Lead Edge Capital (https://capitalatlas.ai/funds/lead-edge-capital) — Series B