PayScale is hopping on the M&A train again.
The Seattle-based compensation data company today announced the acquisition of CURO Compensation Ltd., a Scotland-based firm that also sells compensation software.
The deal comes six months after PayScale merged with Payfactors, another compensation data management company.
Nearly all 50 employees at CURO will join PayScale, which now serves 10,000 customers and more than half of the Fortune 500. Companies such as Allstate, United Health Group, Petco, GE, Perry Ellis, and SAP use PayScale to make compensation decisions.
PayScale is inking deals amid major changes and new scrutiny of compensation practices at companies across the country and around the world. Companies making compensation decisions increasingly require new types of information amid the global movement for pay equity, and the rise of remote work, PayScale CEO Scott Torrey said earlier this year.
PayScale has nearly 600 employees following the two deals and continues to hire. It is majority-owned by private equity firm Francisco Partners, based in San Francisco, which has been PayScale’s majority owner since April 2019. Insight Partners, a New York-based venture capital firm that backed Payfactors, is also a shareholder.
Terms of the CURO deal were not disclosed. CURO had raised more than $10 million, according to PitchBook.