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Axcel sells Lessor to US company Paychex

After 17 months’ ownership, Axcel has sold payroll specialist and HCM software Lessor to US company Paychex (Nasdaq: PAYX), a provider of integrated human capital management solutions for small- to medium-sized businesses.

Lessor provides services under two models – one a software-as-a-service (SaaS) payroll and HCM suite through its Lessor platform and Microsoft Dynamics, and the other a market-leading, do-it-yourself, cloud-based platform operating as Danløn in Denmark and under the following brands elsewhere in Northern Europe: Ilohngehalt (Germany), Norlønn (Norway), and Swelön (Sweden). Lessor is headquartered in Denmark and is currently doing business in Denmark, Sweden, Norway, and Germany.

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