We are pleased to announce the acquisition of AccessPay. AccessPay, based in Adelaide, provides salary packaging services principally to clients in the Public Benevolent Institutions (PBI) sector across Australia.
It manages approximately 40,000 salary packages, for approximately 500 employer clients. AccessPay is similar to Advantage Salary Packaging (Advantage) in both service offering and client base and there exists opportunity to leverage best practice across both businesses.
Commenting on the acquisition, Smartgroup Managing Director and CEO Deven Billimoria said: "AccessPay is a well-managed business and we have always had high regard for their team. The business will be a very good fit for us and further expands our salary packaging footprint into the PBI sector. Following the acquisition, we will have more than 260,000 outsourced salary packages under management. AccessPay will be led by Anton Gaudry, who also continues as the CEO of Advantage. Two senior managers of AccessPay will assist in running the new business and the vendors will continue to provide support and assistance."
