T. Curtis Holmes has been appointed chief executive officer and board member of Dallas-based Integrated International Payroll (iiPay), a market leader in cloud-based global payroll solutions.

He succeeds Bob Foster who previously served as CEO.

“This transition promises an exciting future for iiPay and its employees. The combination of extraordinary talent, innovative technology, and focus on exceptional client journey highlights its increasing leadership in the global payroll market,” Ed Olkkola, managing director, Teakwood Capital, and chairman of iiPay, said in a statement.

Holmes is a proven executive leader with a strong track record of success, the company said.

Previously, Holmes was chief operating officer of iiPay for the past six years. In that role, he provided strategic and operational leadership for the key operating roles including the accelerated global sales growth, product transformation, professional services, and client service delivery.

In that period, iiPay increased its contracted annualized revenues by 10x achieving a 52 percent compound annual growth rate. This is due to winning significant new enterprise, mid-market and small clients while retaining existing clients at rates beyond the industry norms, iiPay said.

Before coming to iiPay, Holmes served in executive roles including CEO, president, and COO of a publicly traded and privately held company where he demonstrated strategic and operational leadership including experience in strategic M&A initiatives.

“Payroll is about people and iiPay has made tremendous progress. We are now entering the next phase of our journey where we enhance our edge on technology innovation, intensify our focus on excellent client experience, and accelerate our path to profitable revenue growth,” Holmes said in a statement.

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