PeopleAdmin, a provider of on-demand talent management software-as-a-service, has been acquired by Vista Equity Partners.
PeopleAdmin provides software-as-a-service talent management services designed for education and government organizations. The software is used to manage the hiring of people, enroll new employees, manage positions and employee performance; develop compliant, defensible audit trails; and to generate reporting and metrics. More than 700 organizations, including 30% of the 2,000 largest US institutions of higher education, use PeopleAdmin’s services. The company was founded in 2000 and is based in Austin, TX (www.peopleadminm.com).
“PeopleAdmin has a history of delivering truly unique and mission-critical value to its clients,” said Patrick Severson, Principal of Vista Equity Partners Foundation Fund. “By combining our resources and expertise with the great team at PeopleAdmin, we see a tremendous opportunity to fuel the next stage of growth and help clients hire, develop and retain some of their greatest assets: their people.”
Vista Equity Partners has more than $7 billion in committed capital and makes equity investments in enterprise software businesses and technology-enabled services companies. The firm was founded in 2000 and has over 50 investment professionals operating out of Austin, Chicago, and San Francisco (www.vistaequitypartners.com).
“We are excited to partner with Vista as we look to accelerate our growth and continue to provide valuable solutions to our clients,” said Susanne Bowen, CEO of PeopleAdmin. “We share a similar vision for the company, and Vista’s software expertise and focus will enable us to continue to scale and serve our clients and invest in our best-in-class product suite.”
Lazard (www.lazard.com) served as financial advisor to PeopleAdmin.
© 2014 PEPD • Private Equity’s Leading News Magazine • 3-28-14
