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LONDON, April 24, 2019 (GLOBE NEWSWIRE) -- Curo Compensation Limited (Curo), an industry leader in total compensation management technology, today announced its fiscal year-end results. During this time, the company added 39 new clients, extended relationships with existing clients, increased revenues and mobilized new partners in the U.S., U.K., Italy and Singapore. In addition, Curo raised new equity funding, made several strategic new hires and introduced new product functionality to its Enterprise solution.
Those new organizations enlisting Curo to drive business performance and employee engagement through compensation include A.T. Kearney, Condé Nast, Engie, First Names, Hilti, Jupiter Asset Management, Programmed Group, ReAssure, Sportsbet and Xperi. Curo also completed a number of upsells, with contracted recurring revenues up 50 percent against the prior year-end and recognized recurring licensed revenues increasing by 38 percent.
Brian Sommer, industry analyst with TechVentive shared, “From pay equity to wage increases, compensation management is a critical issue in winning the war for talent. Curo recognizes this, delivering smart solutions to help companies recruit and retain employees. Curo is catching the attention of large, substantial companies, picking up momentum and bringing innovation to an increasingly important area of human capital management.”
To date, Curo shared there are more than 170 users of Curo Gender Pay Gap Reporting (CuroGPG), with a tech partnership agreement in place with Eversheds Sutherland to resell the solution. This adoption demonstrates the increased demand for pay equity insights alongside new legislation promoting gender pay gap compliance.
Complementing these client wins, Curo also raised additional equity funding, targeted at expanding the workforce and product development initiatives. As a result, Curo appointed Nancy Wilkinson as Head of Global Sales along with several other sales professionals, in effect doubling the size of this team. To oversee the company’s Alliances program, Curo hired Rogerio Albelo for the express purpose of managing and growing this portion of the business.
Further supporting the company’s growth, Curo included new enterprise features to its product offering. These include ADP and Workday APIs, significant budget enhancements, the addition of out-of-cycle awards, updated administrative review functionality and configuration upgrades.
Curo founder and CEO Gerry O’Neill concluded, “Over the last 12 months, Curo flourished as an organization. We went into the year with several goals, intent on building out our global presence and product offerings while advancing our client relationships and our team. We set the bar high and delivered on multiple fronts, reinforcing our standing as a leader in compensation management technology. Thanks to our clients and the team’s dedication, Curo is well-positioned for future success.”
About Curo Compensation Limited | www.curocomp.com
Curo is a market leading provider of compensation management software. Curo has developed a highly configurable and scalable compensation management software solution called CuroEnterprise which enables customers to manage their pay review cycle efficiently and securely in accordance with agreed, and often complex, compensation plans. The company sells globally and has an impressive client list. CuroEnterprise is currently used to manage compensation reviews for over 300,000 employees, in 130 currencies, across 150 countries.
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