SYDNEY – Australian compliance technology firm WRKR Limited said on Monday it has agreed to acquire payroll compliance platform PaidRight Holdings Pty Ltd in an all-share deal valued at approximately A$11.4 million ($7.6 million), accelerating its expansion beyond superannuation services.
The strategic acquisition, announced to the Australian Securities Exchange, will see WRKR issue 90,909,091 new shares to PaidRight’s shareholders, representing roughly 4.8% of WRKR’s current issued capital. The deal is subject to shareholder approval at a meeting expected in late January 2026.
WRKR, which provides superannuation compliance services, said the purchase of PaidRight delivers a “sophisticated, proven real-time pay compliance engine” and marks a key step in its “Phase 2” growth strategy to move into payroll compliance.
“The combination brings two deeply complementary Australian-built, innovative regulated solutions together with the aim of making compliance more accurate and simple across the entire pay cycle,” the company said in a statement.
PaidRight’s technology, developed from CSIRO’s Data61 unit and PricewaterhouseCoopers’ venture arm, uses logic-based artificial intelligence to interpret complex Australian wage laws and awards. Its platform has processed A$15 billion in wages over five years and is used by some of the country’s largest employers.
WRKR CEO Trent Lund, who was an original co-founder of PaidRight via PwC Ventures, will not be part of the board committee evaluating the transaction due to his dual role as a director and shareholder in both companies.
The company plans to initially run PaidRight as a standalone entity, targeting the commercial launch of an integrated WRKR-PaidRight solution in the third quarter of 2026. WRKR has allocated A$1.5 million to A$2.0 million from a recent capital raise for product development, growth, and integration costs related to the acquisition.
PaidRight generated approximately A$3.4 million in unaudited operating revenue in the 2025 fiscal year, plus about A$2.2 million in research and development incentives, according to the statement.
Shares of WRKR last traded at A$0.125, the valuation price used for the deal.