Patersons HR and Payroll Solutions Named Finalists for Growing Business Awards

SALISBURY, UK--(Marketwire - November 4, 2009) - Patersons HR and Payroll Solutions, a leading global HR and payroll software and services business that can deliver expert solutions to clients in more than 160 countries, today announced that the company and its CEO have been shortlisted for the Growing Business Awards, which recognise extraordinary U.K. businesses thriving despite the downturn.

CEO and founder Karen Paterson is being acknowledged for designing the world's first Internet-based global payroll management system, which offers multinational companies one contract and one reliable, centralized technology platform, regardless of the number of countries or currencies involved. She has been named a finalist in the Entrepreneur of the Year category.

The company is in the running for the Global Outlook and Expansion Award. Patersons has grown from meeting the payroll demands of one client to delivering world-class HR and payroll software and services around the world and around the clock, making it the only truly global HR and payroll company operating from one technology platform. To support its clients, Patersons uses a 'follow the sun' support model globally, offering full levels of support via service centres at any time of the day or night throughout the working week. The company has sales offices in U.K., U.S., China, France, Hong Kong and Singapore.

"Managing HR and payroll can be costly and time consuming. Multinational companies have been hit hard during the recession, the effects of which can be felt globally. To remain competitive, companies must keep their focus on their core business operations, which is why Patersons' quality, cost-effective global HR and payroll solutions have experienced increased demand, especially in key locations such as North America, Europe and Asia Pacific. Our software-as-a-service (SaaS)-based offerings save organizations time and money and enable staff to remain focused on critical business issues." She continued, "The acknowledgment we have received from this prominent awards program reflects the hard work and dedication of the team at Patersons and I am honoured that we have been judged worthy of recognition by such a distinguished panel of judges," commented Ms. Paterson.

Now in their 11th year, the awards -- organised by the CBI and Real Business magazine -- identify and honour innovation, international expansion, customer excellence and new product development among the UK's finest small and medium-sized businesses.

Kate Pritchard, managing editor of Real Business magazine, said, "The energy and determination of this year's Growing Business Awards candidates should fill us all with hope about Britain's economic future.

"Their remarkable drive and abilities suggests that a new generation of small and mid-sized companies that will lead Britain's recovery is emerging. What particularly struck us this year was how quickly a new business can change a marketplace. That fact should bring confidence to aspiring entrepreneurs."

The Growing Business Awards are supported by Coutts & Co, UKTI, Visa Europe, Bird & Bird and WorldSkills London 2012. Winners will be announced at the Growing Business Awards ceremony at the London Marriott Hotel Grosvenor Square on Thursday, November 26, 2009.

For more information on the awards, visit www.growingbusinessawards.co.uk.

About Patersons HR and Payroll

Headquartered in Salisbury, U.K. with offices in the U.S., central Europe and Asia, Patersons HR and Payroll is a leading global HR and payroll software and services business that can deliver expert solutions to clients in more than 160 countries. The Company's secure Internet-based software as a service is multi-currency and multi-lingual (covering over 30 languages), features an easy-to-use interface, supports fast implementation times and facilitates integration with existing systems. Patersons HR and Payroll differentiates itself by: one contract, one software solution, one enterprise interface and one cohesive system approach. As a result, Patersons has proved the impossible by being able to run multi-jurisdictional payroll rules for multiple clients on one database and one instance of source code worldwide. Mor