Financial Gravity Holdings Acquires Payroll Service Company

    ALLEN, TX, September 10, 2015 /24-7PressRelease/ -- Financial Gravity Operations, Inc., a wholly owned subsidiary of Financial Gravity Holdings, Inc., announces the acquisition of Metro Data Processing, known as MDP, a provider of payroll services for small and medium-sized businesses in the United States. The acquisition enhances Financial Gravity's payroll services offerings by leveraging MDP's extensive experience in the payroll services market.

Similar to the acquisition of Cloud9 Holdings in December 2014, MDP is a great fit with Financial Gravity, delivering on the primary goal of acquiring clients and talent. MDP strengthens their position in the large and growing U.S. payroll market. MDP's solutions provide easy to use cloud-based payroll methods to small businesses, and its services also strengthen Financial Gravity's value proposition to customers with a more robust and comprehensive offering.

"MDP, founded over 28 years ago, still maintains one of the founding members, and the service excellence that breeds customer loyalty was impressive," said Paul Boyd, COO and Integrator of Financial Gravity Operations, Inc. "When looking at acquiring a well operated business to help us establish our footprint to deliver our services in Tulsa, MDP offers the type of foundation we can build upon."

Boyd said the acquisition provides exciting growth opportunities, particularly through cross-selling Financial Gravity's other tax, business, and wealth offerings to MDP's customer base, as well as new customer acquisition. MDP is a profitable business with a loyal customer base. The transaction was completed in August 2015.

About Financial Gravity Holdings
Financial Gravity Holdings, Inc., based in Allen, TX was formed specifically to be the parent company of several subsidiaries that provide integrated tax, business, and financial solutions. Financial Gravity's clients include small businesses, small business owners, and high net-worth individuals. Financial Gravity's services are focused on helping its clients' personal and professional goals, while building wealth, most often with potential tax savings, lowering costs, and improving efficiency. For more details, please visit www.financialgravity.com.

About Metro Data Processing (MDP)
Metro Data Processing is headquartered in Tulsa, Oklahoma and has been providing payroll services, software, and support solutions to clients since 1987. MDP has earned the trust of small businesses by working tirelessly to make payroll as simple and painless as possible for business owners.

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