Patersons HR and Payroll Solutions, CEO Each Win at the CBI Growing Business Awards

RALEIGH, NC--(Marketwire - December 1, 2009) - Patersons HR and Payroll Solutions, a leading global HR and payroll software and services business that can deliver expert solutions to clients in more than 160 countries, today announced that CEO Karen Paterson and the company each received honors at the CBI Growing Business Awards 2009 ceremony in London on November 26th. Ms. Paterson, founder and chief executive officer of the company, was named Entrepreneur of the Year and Patersons HR and Payroll Solutions was awarded the Global Outlook and Expansion Award.

Now in their 11th year, the awards -- organized by the CBI and Real Business magazine -- identify and honor innovation, international expansion, customer excellence and new product development among the U.K.'s finest small and medium-sized businesses.

Ms. Paterson was acknowledged for designing the world's first Internet-based global payroll management system that offers multinational companies one contract and one reliable, centralized technology platform, regardless of the number of countries or currencies involved. The company was recognized for successfully expanding its operations outside the U.K. and growing those revenues during the past 12 months. The judges praised Patersons HR and Payroll Solutions for "an exemplary strategic approach to entering a huge number and variety of overseas markets, including the more demanding markets of China and India, in a very challenging economic climate."

"As multinational organizations emerge from the economic recession, the lessons learned include how it is even more important to closely manage HR and payroll while keeping a firm focus on core business initiatives. Patersons' software-as-a-service solution helps international companies run their payrolls more effectively and efficiently, enabling them to remain competitive in any economy," commented Ms. Paterson. "I am honored that such a distinguished panel of judges has recognized Patersons HR and Payroll Solutions for our global achievements, especially considering the fierce competition from the worthy contenders for these awards."

Patersons HR and Payroll Solutions has grown from meeting the payroll demands of one client to delivering world-class HR and payroll software and services around the world, around the clock, to more than 160 countries in more than 30 languages, making it the only truly global HR and payroll company. Patersons uses a 'follow the sun' support model globally, offering full levels of support via service centres at any time of the day or night throughout the working week. The company has sales offices in U.K., U.S., China, France, Hong Kong and Singapore.

Russel Griggs, Chairman of the CBI SME Council and a judge at the Growing Business Awards, said, "The ongoing success of the fantastic and fast-growing winners of this year's awards is a real sign of hope for us all in these difficult times. All the businesses have excelled despite a tough backdrop thanks to their unwavering customer focus and willingness to seize opportunities, with many harnessing the potential of new technologies and the Internet."

Kate Pritchard, Managing Editor of Real Business magazine, said, "Many of this year's winners are transforming their marketplaces; others are creating new ones. It's no exaggeration to say that Britain's future global position depends on these stunning businesses. These winners join the many successful companies who have been celebrated by the Growing Business Awards, and gone on to build the major businesses of the future."

For more information on the awards, visit www.growingbusinessawards.co.uk.

About Patersons HR and Payroll

Headquartered in Salisbury, U.K. with offices in the U.S., central Europe and Asia, Patersons HR and Payroll is a leading global HR and payroll software and services business that can deliver expert solutions to clients in more than 160 countries. The Company's secure Internet-based software as a service is multi-currency and multi-lingual (covering over 30 languages), features an easy-to-use interface, supports fast implementation times and facilitates integration with existing systems. Patersons HR and Payroll differentiates itself by: one contract, one software solution, one enterprise interface and one cohesive system approach. As a result, Patersons has proved the impossible by being able to run multi-jurisdictional payroll rules for multiple clients on one database and one instance of source code worldwide. More information and contact details can be accessed at www.patersons.net.