Payscale, Inc., the leading provider of compensation data, software and services, has acquired CURO Compensation Ltd. (CURO), a global leader in pay equity and compensation management technology. CURO helps employers maximize their talent investments by making fair, equitable and appropriate compensation decisions. The addition of CURO’s products to Payscale’s offering enhance its end-to-end solutions for organizations to manage every part of their pay strategy.
“Every worker has the right to expect equal pay for equal work and we are committed to help close the wage gap by providing a broad solutions portfolio to help every organization get pay right” said Scott Torrey, CEO of Payscale, “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. 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.”
CURO helps employers to manage compensation processes with confidence, align employee pay with business success, analyze pay gaps and demonstrate a commitment to diversity, equity, inclusion and belonging across their workforce. CURO’s software capabilities provide compensation professionals with the much-needed flexibility to perform complex statistical analysis, model out remediation scenarios and put pay equity at the forefront of hiring and promotion decision making. Payscale is backed by two leading technology-focused private equity firms, Francisco Partners and Insight Partners, and its acquisition of CURO comes on the heels of its merger earlier this year with Payfactors, a leading compensation data management company.