Everest Group Once Again Recognizes Neeyamo as a Star Performer in the MPHRO Segment in its PEAK Matrix for the Year 2015

CHENNAI, December 9, 2015 /PRNewswire/ --

Neeyamo, a global provider of HR Technology and HR Services, has been named a Major Contender and Star Performer amidst 19 other Multi-process HR Outsourcing service providers by Everest Group, a global consulting and research firm in its Multi-Process Human Resources Outsourcing (MPHRO) - Service Provider Landscape with PEAK Matrix™ Assessment 2015. Neeyamo receives this recognition as a Star Performer, which is based on relative year-on-year movement on the PEAK Matrix, alongside three other players in the MPHRO segment, and this is the third time in a space of five years that it has been recognized.

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Everest Group's PEAK (Performance | Experience | Ability | Knowledge) Matrix, is a comprehensive evaluation framework, which evaluates and classifies global HRO service providers into Leaders, Major Contenders and Aspirants based on market success and delivery capability. The methodology of evaluation was based on the following two key dimensions:

• Market success measured by MPHRO revenue, number of active clients, number of new deals signed and year-on-year growth of MPHRO revenue
• Delivery capability measured by scale of operations, scope of services, technology solutions & innovation, delivery footprint and buyer satisfaction

Neeyamo has seen tremendous growth in the preceding year in terms of delivery presence and technology footprint. Its investments in addressing niche market requirements such as Multi-country Payroll has yielded rich dividends which has grown rapidly in this past year, with delivery capability spanning across 100+ countries. Neeyamo has also opened its 5th Global Delivery Center in Madurai, India.

Neeyamo's Chairman Ashok Bildikar said, "This recognition in the MPHRO PEAK Matrix report establishes Neeyamo as a consistent player and showcases the level of our commitment to our customers and partners." He further added that, "We expect 2016 to be a vibrant year for the HRO practice at Neeyamo. Significant investments both in terms of people and technologies have been planned. We are also investing in building our Global Strategic Channel Partnerships and Sales and Delivery Network."

Rajesh Ranjan, Partner at Everest Group, said, "Neeyamo is a fast growing HRO services player, with clientele across major geographies. Its ability to deliver multi-country and multi-continent deals, backed by its focus and investments in HR technology, is especially noteworthy."

About Neeyamo 

Neeyamo, a leading provider of HR technology, HR operations, and HR process consulting services, is committed to helping the companies worldwide build stronger businesses. Headquartered in Chennai, India with Principal Offices in California, USA, Neeyamo aspires to become the most respected and sought after HRO partner for companies worldwide. Improved employee experience, HR service delivery excellence, technology driven innovation, and global domain expertise personifies Neeyamo. To learn more, visit http://www.neeyamo.com

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