We are pleased to announce that CloudPay was named to the Montclair Advisors’ 2012 SaaS Top 250 report. Fresh off the heels of our recent rebranding, CloudPay is delighted to be recognized for our pioneering SaaS technology as part of the “next generation of software companies, industry trends and SaaS analysis.” Taking our place on the 2012 SaaS Top 250, CloudPay joins an exclusive listing of global SaaS firms that includes Adobe, DropBox, CloudPay partners Workday and NetSuite, and other elite B2B software providers.

The third annual SaaS Top 250 launched this fall and has already been called “an invaluable resource” for executives and investors alike, providing keen insight into a continually developing market. Breaking down firms by size – Public, High Growth, Emerging, and Early-Stage – the report also explores each firm’s product type and geographic location. The full report includes information about emerging market trends, IPOs, M&A deals, notable fundings and more.

According to Gartner the SaaS market is projected to grow to more than USD $21 billion by 2015. Global payroll is complex, regional regulations constantly change making this a challenging area to which SaaS technology is perfectly suited. CloudPay CEO Andrew Pearson noted, “At CloudPay we are committed to helping our clients manage their global payroll with a common interface, providing the best workflow, process management, payroll calculation and employee self-service together with excellent reporting and analysis capabilities, provided in a way that supports rapid implementation and facilitates integration with existing HCM and ERP systems.” Blending SaaS-technology with in-depth expertise and 16 years’ experience of providing multi-national payroll management, CloudPay has the capability to deliver payroll solutions to customers across 160 countries, supporting 30 currencies and 26 languages.

To purchase the full 2012 SaaS Top 250 report, visit www.montclairadvisors.com/products/