M&A Deal Summary

Businessolver Acquires Workterra

On October 11, 2022, Businessolver acquired internet software and services company Workterra from CareerBuilder

Acquisition Highlights
  • This is Businessolver’s 1st transaction in the Internet Software and Services sector.
  • This is Businessolver’s 1st transaction in the United States.
  • This is Businessolver’s 1st transaction in California.

M&A Deal Summary

Date 2022-10-11
Target Workterra
Sector Internet Software and Services
Buyer(s) Businessolver
Sellers(s) CareerBuilder
Deal Type Divestiture

Target

Workterra

Pleasanton, California, United States
Workterra is a fully configurable, easy-to-use benefits administration and enrollment platform built to simplify the growing complexity of benefits for HR and employees. Workterra was founded in 2006 and is based in Pleasanton, California.

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Buyer(S) 1

Buyer

Businessolver

West Des Moines, Iowa, United States

Category Company
Founded 1998
Sector Internet Software and Services
DESCRIPTION

Businessolver is a provider of software as a service (SaaS) employee benefits administration solutions. Businessolver was founded in 1998 and is based in West Des Moines, Iowa.


DEAL STATS #
Overall 1 of 1
Sector: Internet Software and Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2022 M&A 1 of 1

Seller(S) 1

SELLER

CareerBuilder

Chicago, Illinois, United States

Category Company
Founded 1995
Sector Staffing
Employees2,000
DESCRIPTION

CareerBuilder provides comprehensive online recruiting products and services for job seekers and employers and has uniquely syndicated its trademarked technology and content to create a network of private-label career sites. CareerBuilder was founded in 1995 and is based in Chicago, Illinois.


DEAL STATS #
Overall 5 of 7
Sector: Internet Software and Services M&A 1 of 1
Type: Divestiture M&A Deals 4 of 6
State: California M&A 1 of 1
Country: United States M&A 3 of 4
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-29 Textkernel

Amsterdam, Netherlands

Textkernel is a software company providing semantic recruitment technology to the global market. Textkernel specializes in semantic recruitment technology providing multilingual CV parsing, job parsing, and semantic search, sourcing, and matching software to help accelerate the process of matching supply and demand in the job market. Textkernel was established in 2001 and is based in Amsterdam, the Netherlands.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-31 Broadbean

London, United Kingdom

Broadbean is a provider of job distribution, candidate sourcing and big data analytics software. Broadbean’s software makes it easy to distribute jobs and search for talent online, while providing tools that optimize your recruitment process and integrate internal systems. Broadbean was founded in 2001 and is based in London, England.

Sell $52M