Curo Compensation Limited
Curo Compensation Ltd was established in 2009 and offers a ‘software as a service’ solution to blue chip companies to manage their annual staff compensation (salary, bonus & long term incentive plans) review process. This allows companies to control the necessary planning and implementation and is particularly suited to large businesses, where existing processes, often spreadsheet based, are unwieldy, complex, insecure and lack governance.
Curo has an exceptional management team, who have successfully built and sold a business in the same sector for a substantial profit to investors. The product is fully developed and has proven itself within the existing customer base, which includes a number of multinational businesses of exceptional quality. Businesses of this nature attract high exit multiples, based on the level of recurring revenue through medium to long term contracts.
Curo is an early stage business that is in its growth phase. We expect to see a significant increase in its revenues as it builds its customer base. The number of staff within the business will grow in line with this, as more specialists are required to deliver sales, software implementation and systems support.