Private equity continues to acquire firms in HR tech. The latest PE deal, Payscale, is a compensation management provider. Comp data is a hot topic as pay equity is top of mind for both individuals and their employers. The deal is a majority investment (acquisition). No word as to the strategy behind the investment, and we don’t know FP’s reputation as we do some of the firms that have been more active in our market. FP, does not have much by ways of HR tech in their existing portfolio, that we can find.
SEATTLE & SAN FRANCISCO–(BUSINESS WIRE)–Apr 25, 2019–PayScale, Inc., the leading provider of SaaS-based compensation data, analytics and software, announced today a majority investment from Francisco Partners, a global technology-focused private equity fund. This investment will provide PayScale with a new financial partner to build upon the company’s strong momentum and help continue to drive product innovation.