PayGroup (ASX:PYG) boosts ARR to $27M in March quarter

• PayGroup's (PYG) pro-forma annualised recurring revenue (ARR) for FY21 has totalled $27 million at the end of the March quarter
• In comparison, the payroll and human capital management provider recorded $17.8 million worth of ARR in FY20
• PYG has credited the rise to strong organic growth and the acquisition of Integrated Workforce Solutions (IWS)
• The company also signed $4.8 in new contracts over the March period, to bring its total contracts over FY21 to a record figure of $13 million

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