WRKR (ASX:WRK) has announced a binding agreement to acquire 100% of PaidRight, a leading Australian payroll compliance platform.
The acquisition is a key component of WRKR’s Phase 2 growth strategy, expanding the company's focus beyond superannuation into payroll compliance.
PaidRight, born from CSIRO's Data61 RegTech team and PwC Ventures, has spent nearly a decade developing a sophisticated real-time pay compliance engine that interprets complex Australian wage laws and awards.
Its technology has processed $15 billion in wages across more than 500,000 employees, offering employers proactive, accurate compliance solutions through health checks, remediation projects, and its Pay Precision tool.
The combination of WRKR's scale and superannuation expertise with PaidRight’s advanced payroll compliance technology is expected to create a seamless, end-to-end compliance solution for millions of Australian workers and employers.