Armillary assisted the founder of SmartPayroll, a SaaS company providing payroll services to the SME market

ArmillaryArmillary LimitedAuckland, New Zealandassisted the founder of SmartPayroll, a SaaS company providing payroll services to the SME market.

With complex restraints at play regarding the company’s technology and exit options, a discreet and highly targeted process was required; the highest value buyer was ultimately the company’s other shareholders, led by Datacom.

SmartPayroll has since relaunched as Smartly and introduced more functionality for employees and managers, including advanced leave management, time sheeting, and labor costing.

Being owned by Datacom allows Smartly to leverage strengths in legislative compliance, data security, and software development, giving customers confidence in payroll accuracy and security.

Armillary is an award-winning boutique investment banking firm, independent since 2008, adopting the Armillary name in 2009. The name derives from the armillary sphere used by the Greeks to solve astronomical problems, symbolizing the guidance they provide as a business.