Seattle-based salary data and software company Payscale announced Wednesday it has acquired Curo Compensation, a salary software firm headquartered in Edinburgh, Scotland.
The companies aren't disclosing the financial terms of the deal. Of Curo's roughly 50 employees, most will be joining Payscale, according to a Payscale spokesperson. The company now has close to 600 employees after the acquisition, the spokesperson added.
“With the acceleration to hybrid work and the welcome emphasis on social justice, pay equity has shifted even further on to the C-suite agenda," Scott Torrey, CEO of Payscale, said in a news release. "It is fast becoming a part of the day-to-day operations of every organization and must encompass more than just analysis. With Payscale’s focus to build, sell and support data, software and services to optimize compensation, this is the perfect time to bring Curo’s global, market-leading products to our customers.”
Payscale's technology helps clients build pay structures, manage raises and monitor pay equity. Visitors to the website can also research average salaries for different job titles and companies. According to the company, Payscale has 10,000 clients and prices 27 million jobs annually. Its customers include Wendy's, the New York Times and the Seattle Mariners.
In March, Payscale merged with the salary data and management company Payfactors. Payscale is backed by the private equity firms Francisco Partners and Insight Partners.
Curo, meanwhile, was founded in 2010 and has over 200 clients, according to the company. Its software helps clients review pay decisions and maintain pay equity. According to the release, Curo CEO Gerry O'Neill will stay with the combined company as a leader in compensation management.
“The combination of Curo and Payscale represents the perfect mix of aligning market leading compensation management and pay equity technology with the largest distribution team in the industry dedicated to the compensation management space,” O'Neill said in the release. “Being part of a larger organization provides an opportunity to further grow our company and allows our talent to develop their skills in new ways to meet our customers’ current and future needs.”
