Add-on Acquisition • Software

PayScale Acquires Curo

On August 18, 2021, PayScale acquired software company Curo from Maven Capital Partners

Acquisition Context
  • This is PayScale’s 1st transaction in the Software sector.
  • This is PayScale’s 1st transaction in Canada.
  • This is PayScale’s 1st transaction in Ontario.

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M&A Deal Summary

Date August 18, 2021
Target Curo
Sector Software
Buyer(s) PayScale
Sellers(s) Maven Capital Partners
Deal Type Add-on Acquisition

Target Company

Curo

Ottawa, Ontario, Canada
Curo is a developer of a scalable compensation management software solution called CuroComp, which enables customers to manage their pay review cycle quickly and securely, in accordance with agreed, and often complex, compensation plans. Curo was founded in 2009 and is based in Ottawa, Ontario.
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Buyer Overview 1

Buyer

PayScale

Seattle, Washington, United States

Category Company
Founded 2002
Sector Software
DESCRIPTION

PayScale offers modern compensation software and the most precise, real-time, data-driven insights for employees and employers alike. PayScale was founded in 2002 and is based in Seattle, Washington.


Deal Context for Buyer #
Overall 2 of 4
Sector: Software 1 of 1
Type: Add-on Acquisition 1 of 3
State: Ontario 1 of 1
Country: Canada 1 of 1
Year: 2021 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-21 MarketPay Associates

Denver, Colorado, United States

MarketPay Associates LLC is a technology enabled services for managing multiple sources of compensation survey data. MarketPay on-line pricing system helps companies that use and manage multiple data sources to benchmark and analyze market based pay.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-15 Agora Solutions

San Francisco, California, United States

Agora Solutions is a provider of dynamic, interactive offer communications, total rewards, employee pay portals and other modern people analytics solutions that foster transparency in compensation. Agora Solutions was founded in 2003 and is based in San Francisco, California.

Buy -

Seller Profile 1

SELLER

Maven Capital Partners

Glasgow, United Kingdom

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 2009
PE ASSETS 760M GBP
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Maven Capital Partners UK LLP (MCP) invests in lower mid-market companies throughout the UK. The Firm also provides mezzanine financing. MCP focuses on profitable companies with proven track records, balanced management teams, and diverse products and services. Maven looks to invest £2 - £20 million in businesses valued from £10 - £40 million. Sectors of interest include specialist manufacturing, health/pharmaceuticals, energy services, leisure, financial services, software and computer services, communication/IT, chemicals, food/beverage, media, consumer products, and support services. Types of transactions include MBOs, MBIs, BIMBOs, take privates, recapitalizations, and growth capital financings. Maven Capital Partners UK LLP was formed in 2009, following a management buyout of Aberdeen Asset Management's Private Equity division. Maven is based in Glasgow with additional offices in Aberdeen, Birmingham, Edinburgh, London and Manchester.


Deal Context for Seller #
Overall 47 of 86
Sector: Software 7 of 9
Type: Add-on Acquisition 22 of 40
State: Ontario 1 of 1
Country: Canada 1 of 1
Year: 2021 5 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-18 XR Games

Leeds, United Kingdom

XR Games designs and develops Virtual Reality (“VR”) and Augmented Reality (“AR”) games for licensed IP holders and also operates as a ‘work-for-hire’ studio. XR Games was founded in 2017 and is based in Leeds, United kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-09 Candle Shack

Stirlingshire, United Kingdom

Candle Shack provides everything for an artisan manufacturer to make high-quality candles, including fragrances, waxes, wicks, glassware, and bespoke branded packaging. Candle Shack was founded in 2010 and is based in Stirlingshire, United Kingdom.

Buy -