DENVER, June 20, 2023 /PRNewswire/ -- HRSoft, the global leader for cloud-based Compensation Lifecycle Management software, announced today that it has acquired CompTrak, a compensation management solution provider based in Toronto, Canada. By adding CompTrak's strong expertise in blue-chip global financial services firms and Fortune 500 companies to HRSoft's best of breed product suite, the combined entity will provide the most comprehensive, powerful, and easy-to-use compensation management capabilities with extensive compliance, automation & integration, and analytics capabilities.
Key Points:
- DENVER, June 20, 2023 /PRNewswire/ -- HRSoft, the global leader for cloud-based Compensation Lifecycle Management software , announced today that it has acquired CompTrak, a compensation management solution provider based in Toronto, Canada.
- HRSoft has acquired CompTrak expanding its leadership position in the compensation management market.
- The acquisition complements HRSoft's existing portfolio, which includes the award-winning compensation management platform, COMPview ™ , pay-for-performance solution, PERFORMview ™ , and total rewards communication solution, REWARDview™ .
- Cramer further stated, "With this acquisition, HRSoft is bolstering its offerings to further serve the global market's growing need for robust compensation benchmarking, financial planning, and compliance in compensation management."
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Tuesday, February 7, 2023
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Fintech TORONTO, Ontario, Canada, Feb. 7, 2023 /PRNewswire-PRWeb/ -- CompTrak, a growing SaaS company in the sphere of Compensation Management, is excited to announce the appointment of two new executives to its senior leadership team. Jason Judge joins as Vice President of Technology and Tiffany Crawford as Vice President of Operations. CompTrak has been recognized as one of Canada's fastest-growing companies for a second consecutive year by Globe and Mail's Business Report and the new leadership will facilitate the company's rapidly expanding customer base and product portfolio.
Key Points:
- Compensation Management SaaS company strengthens its leadership with the appointment of a VP of Technology and VP of Operations to continually drive strategic growth.
- Jason Judge joins as Vice President of Technology and Tiffany Crawford as Vice President of Operations.
- "We are happy to welcome both Jason and Tiffany to CompTrak's executive leadership team.
- Jason's extensive experience leading technology solutions and global teams in SaaS organizations will help strengthen our product and engineering operations," states CompTrak CEO and co-founder Lasse Silegren.
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Friday, September 23, 2022
TORONTO, Sept. 23, 2022 /PRNewswire-PRWeb/ -- CompTrak, a compensation management software company, is recognized for a second consecutive year as one of Canada's Top Growing Companies by Globe and Mail's Report on Business. Rankings are based on three-year growth of annual operating revenue. CompTrak ranked on the list with a three-year growth of 104%.
Key Points:
- TORONTO, Sept. 23, 2022 /PRNewswire-PRWeb/ -- CompTrak, a compensation management software company, is recognized for a second consecutive year as one of Canada's Top Growing Companies by Globe and Mail's Report on Business.
- CompTrak ranked on the list with a three-year growth of 104%.
- Both product modules address growing trends in HR to further personalize compensation and expand participation in long-term incentive programs.
- "For many leading organizations, compensation strategy is shifting to performance-driven and increased personalization," states CompTrak CEO and Co-Founder Lasse Silegren.
TORONTO, August 16, 2022 /PRNewswire-PRWeb/ -- CompTrak – the award-winning Compensation Management software company is set for accelerated growth, having secured funding from BDC Capital, the investment arm of BDC.
Key Points:
- TORONTO, August 16, 2022 /PRNewswire-PRWeb/ -- CompTrak the award-winning Compensation Management software company is set for accelerated growth, having secured funding from BDC Capital, the investment arm of BDC.
- The injection of non-dilutive financing from BDC Capital's Growth & Transition Capital division will allow CompTrak to further extend and develop its newest product offerings in Performance Management and Carried Interest / Co-Invest Management.
- CompTrak is an award-winning Compensation Management Software company which provides organizations with a configurable end-to-end solution to effectively manage all components of compensation from base pay to bonus, equity, and long-term incentives.
- With over $3 billion under management, BDC Capital serves as a strategic partner to the country's most innovative firms.
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Friday, September 24, 2021
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Public relations Canada's Top Growing Companies ranks Canadian companies on three-year revenue growth.
Key Points:
- Canada's Top Growing Companies ranks Canadian companies on three-year revenue growth.
- "We are thrilled to be highlighted on The Globe and Mail's annual ranking of Canada's Top Growing Companies," states CompTrak COO Lasse Silegren.
- Launched in 2019, Canada's Top Growing Companies editorial ranking aims to celebrate entrepreneurial achievement in Canada by identifying and amplifying the success of growth-minded, independent businesses in Canada.
- The Globe and Mail's investment in innovative data science means that as the world continues to change, so does The Globe.
As compensation decisions are made, CompTrak's Comp Conscience module provides real-time insight into how those pay actions will affect change across the organization.
Key Points:
- As compensation decisions are made, CompTrak's Comp Conscience module provides real-time insight into how those pay actions will affect change across the organization.
- CompTrak also seeks to simplify the process of rewarding teams that perform exceptionally by providing decision makers with the insight they need to issue compensation accordingly.
- "CompTrak's Comp Conscience module was born out of companies requesting a solution to address pay equity at each compensation action in real time.
- CompTrak's compensation management platform provides organizations a configurable end-to-end solution to effectively manage base pay, incentive bonus, deferred compensation, and long-term incentives.
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Thursday, October 22, 2020
TORONTO, Oct. 22, 2020 /PRNewswire-PRWeb/ --CompTrak, a comprehensive compensation management software, has received the title of 'Best Emerging Compensation Management Solution' at the 2020 FinTech Awards.
Key Points:
- TORONTO, Oct. 22, 2020 /PRNewswire-PRWeb/ --CompTrak, a comprehensive compensation management software, has received the title of 'Best Emerging Compensation Management Solution' at the 2020 FinTech Awards.
- The title is a step towards recognizing CompTrak as a rising player in the compensation management industry.
- As a 2020 award winner, CompTrak joins past FinTech winners like Wells Fargo Advisors, TCA Asset Management and American Express.
- In addition to its 2020 FinTech award, CompTrak's platform has been named 'Best Support Software' by the 2020 Recognition Awards from Software Suggest.
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Thursday, October 31, 2019
TORONTO, Canada, Oct. 31, 2019 /PRNewswire-PRWeb/ -- CompTrak, a leader in compensation management solutions, is pleased to announce the appointment of Chris Jackson as VP of Client Development.
Key Points:
- TORONTO, Canada, Oct. 31, 2019 /PRNewswire-PRWeb/ -- CompTrak, a leader in compensation management solutions, is pleased to announce the appointment of Chris Jackson as VP of Client Development.
- Chris will lead and manage global sales, marketing and business development of CompTrak's enterprise solutions.
- "Chris is an exceptional leader, with global experience and he understands the importance of partnership and trust; values that are essential to CompTrak" states CompTrak COO and co-founder, Lasse Silegren.
- CompTrak's platform is right at the centre of this intersection - helping organizations drive better employee engagement and deliver greater value, from their people, faster".
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Tuesday, September 10, 2019
TORONTO, Sept. 10, 2019 /PRNewswire-PRWeb/ -- CompTrak is proud to announce the launch of its new interactive online Total Rewards Statements .
Key Points:
- TORONTO, Sept. 10, 2019 /PRNewswire-PRWeb/ -- CompTrak is proud to announce the launch of its new interactive online Total Rewards Statements .
- Provide your employees with a personalized and interactive summary of their Total Rewards and compensation package.
- "A trend we are seeing is that over 75% of employees will utilize their phone to access online statements," says CompTrak co-founder, Perry Doody.
- With comprehensive Total Rewards statements, you will improve employee morale with increased transparency, educate your workforce and boost your company's competitive position.
