CloudPay Expands Board of Directors With Addition of Business Development Expert

CloudPay Expands Board of Directors With Addition of Business Development Expert 
Michael Patsalos-Fox Brings Extensive Business and Consulting
Experience to Help Guide Company's Strategic Growth 
RALEIGH, NC and LONDON -- (Marketwired) -- 07/03/13 --  CloudPay, the
pioneer of SaaS-based payroll automation for multinationals, today
announced that global business leader Michael Patsalos-Fox has joined
the company's Board of Directors. Patsalos-Fox will help steer the
direction of CloudPay's growth and innovation as the company
continues to lead the cloud-based global payroll space and develop
innovative solutions that enhance the way multi-national
organizations manage their payroll operations worldwide.  
Patsalos-Fox leverages a highly accomplished career in business
development, having held leadership positions with McKinsey & Company
for more than three decades. In addition to serving on the Operating
Committee and elected board, he has led the organization's Americas
region, satellite offices and North America Corporate Finance and
Strategy practice. From 2009 through June 2012, he led McKinsey's new
global data and software growth opportunities. Patsalos-Fox has lived
in Australia, Switzerland, the U.K. and the U.S., and he holds a
B.Sc. in computer sciences and pure mathematics from Sydney
University in Australia and an MBA with distinction from the
International Institute of Management Development (IMD), Lausanne,
Switzerland. 
Patsalos-Fox's unrivaled business and consulting expertise is widely
sought after by today's most innovative companies. In addition to his
new role on CloudPay's Board of Directors, he also serves as director
of Cognizant Technology Solutions Corporation (NASDAQ: CTSH),
Quid.com and Channel Insight.  
"CloudPay recognizes the great opportunity and expanded capabilities
that cloud computing has brought to key business processes, such as
the global payroll function. Through its cutting-edge, SaaS
technology, the company has greatly facilitated the way
multi-national organizations manage and control payroll across their
enterprises," said Patsalos-Fox. "I am honored to join CloudPay's
Board of Directors and look forward to taking an active role in
guiding the company's truly pioneering vision as it delivers greater
efficiencies and drives innovation in the payroll field." 
"Throughout his distinguished career, Michael has acquired a great
deal of industry knowledge and developed an expansive network of
resources that will helps us further position CloudPay as the leading
provider of global payroll solutions," said Andrew Pearson, CEO of
CloudPay. "We are pleased to welcome him to our team and look forward
to leveraging his expert insight to continue providing innovative
services and solutions that help our clients solve their biggest
global payroll challenges." 
About CloudPay
 CloudPay's pioneering Software as a Service
technology and extensive payroll expertise helps organizations
streamline global payroll operations, increase efficiencies and
benefit from unprecedented business insight and intelligence.
Recognized by Gartner as a Cool Vendor and by Everest Group as a
Major Contender in Multi-Country Payroll Outsourcing, CloudPay is
setting the standard for multi-national payroll management. For more
information about CloudPay, please visit www.cloudpay.net or visit us
on Twitter at CloudPay. 
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