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CompuPay Announces Final Agreement to Acquire Key Payroll Online
MIRAMAR, Fla.
(Map)
-
CompuPay plans to offer employment to a substantial number of KPO
employees as part of the transaction. It also plans to consolidate KPO's
Bellevue, WA operation with and into CompuPay's existing
"Key Payroll Online is an excellent strategic fit for our business,"
stated
"CompuPay's expertise in payroll and their commitment to excellence in client services will serve Key Payroll Online clients well," said Cindy P. Crotty, executive vice president, Key Community Banking. "KPO clients will see a seamless continuation of payroll services with CompuPay as well as an enhancement in additional employer-related services such as health benefits, workers' compensation insurance, 401(k) plans, section 125 plans and more. We are excited about the opportunities to continue to offer KeyBank business clients state-of-the art payroll and payroll-related services through our relationship with CompuPay."
About KeyCorp
Cleveland-based KeyCorp (NYSE: KEY) is one of the nation's largest bank-
based financial services companies, with assets of approximately
About CompuPay
CompuPay, Inc. was founded in 1980 and today is the fourth largest payroll company in the U.S. Its growing network of local offices processes payroll for tens of thousands of companies ranging in size from 1 to over 10,000 employees in all 50 states. The company offers payroll and employer-related services such as workers' compensation insurance, employee benefits, retirement plans and Section 125 and 132 plans to clients seeking highly flexible, innovative solutions to meet their growing business needs. For more information, visit www.compupay.com
Media contact:
Kathey Palmer
Senior Vice President Business Development
CompuPay, Inc.
(615) 591-3756
katheypalmer@compupay.com
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