M&A Deal Summary

Employ Acquires Jobvite

On February 11, 2019, Employ acquired software company Jobvite from Trident Capital and Catalyst Investors

Acquisition Highlights
  • This is Employ’s 1st transaction in the Software sector.
  • This is Employ’s 1st transaction in the United States.
  • This is Employ’s 1st transaction in Indiana.

M&A Deal Summary
Date 2019-02-11
Target Jobvite
Sector Software
Buyer(s) Employ
Sellers(s) Trident Capital
Catalyst Investors
Deal Type Add-on Acquisition

Target

Jobvite

Indianapolis, Indiana, United States
Jobvite is a provider of platform that infuses automation and intelligence into today’s expanded recruiting cycle to increase the speed, quality, and cost-effectiveness of talent acquisition. Jobvite is leading the next wave of recruitment innovation with Continuous Candidate Engagement (CCE), a candidate-centric recruiting model that helps companies engage candidates with meaningful experiences at the right time, in the right way, from first look to first day. Jobvite was founded in 2006 and is based in Indianapolis, Indiana.

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Buyer(S) 1

Buyer

Employ

Waltham, Massachusetts, United States
Category Company
Sector Software
DESCRIPTION

Employ empowers organizations of all sizes to overcome their greatest recruiting and talent acquisition challenges. Offering a combination of purpose-built, intelligent technologies, services, and industry expertise, Employ provides SMB to global enterprises with a single solution for recruiting and growing a diverse workforce. Employ is based in Waltham, Massachusetts.

DEAL STATS #
Overall 1 of 4
Sector (Software) 1 of 3
Type (Add-on Acquisition) 1 of 4
State (Indiana) 1 of 1
Country (United States) 1 of 4
Year (2019) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-26 JazzHR

Pittsburgh, Pennsylvania, United States

JazzHR is a user-friendly recruiting software built to help growing businesses find and hire the right talent, fast. Its affordable solution replaces spreadsheets and inbox recruiting with an intuitive applicant tracking system that streamlines the entire candidate-to-employee journey. JazzHR was founded in 2009 and is based in Pittsburgh, Pennsylvania.

Buy -

Seller(S) 2

SELLER

Trident Capital

San Mateo, California, United States
Category Private Equity Firm
Founded 1993
PE ASSETS 1.9B USD
Size Large
Type Sector Focused
DESCRIPTION

Trident Capital was a venture capital firm focused on investments at all company stages, from early and expansion stage investments to buyouts and recapitalizations. Trident focused on investments in tech-enabled sectors, including enterprise software/services, outsourcing and payments, healthcare software/services, internet/consumer, and energy/clean tech. In 2015, Trident ceased investing and the Firm's employees split to form Sunstone Partners, a growth equity firm, and Trident Capital Cybersecurity, a venture firm focused on the cyber security sector.

DEAL STATS #
Overall 83 of 85
Sector (Software) 18 of 18
Type (Add-on Acquisition) 61 of 63
State (Indiana) 1 of 1
Country (United States) 78 of 80
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-13 Planful

San Francisco, California, United States

Planful is a provider of complete suite of enterprise performance management solutions built from the ground up as cloud-based applications. Planful was founded in 2000 and is based in San Francisco, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-14 HyTrust

Mountain View, California, United States

HyTrust is a provider of virtualized and multi-cloud data encryption, key management, and cloud security posture management solutions. HyTrust solutions automate security controls for software-defined computing, networking, and storage workloads to achieve the highest levels of visibility, granular policy control and data protection.

Sell -
SELLER

Catalyst Investors

New York, New York, United States

Investor Investor Investor Investor Investor

Category Venture Capital Firm
Founded 1999
PE ASSETS 377M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Catalyst Investors is a specialist private equity firm that targets investments in the media, communications and internet services industries. Specific areas of interest include, video and audio content and distribution, print and online publishing, out-of-home advertising, music publishing, wireless voice and data, wireless spectrum and other infrastructure, outsourced applications providers / software as a service (SAAS), subscription based services, and online advertising. Catalyst looks for the growth companies located in the US and Canada requiring $10 to $60 million in capital. Catalyst prefers businesses with 'high-margin economics', 'defensible market positions', and 'recurring revenues'. Catalyst was formed in 1999 and is based in New York.

DEAL STATS #
Overall 33 of 39
Sector (Software) 3 of 3
Type (Add-on Acquisition) 16 of 19
State (Indiana) 1 of 1
Country (United States) 32 of 37
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-25 WeddingWire

Bethesda, Maryland, United States

WeddingWire is a global online marketplace, connecting consumers with local wedding professionals and a suite of comprehensive tools that make wedding planning easier. Operating within a $200 billion industry, WeddingWire helps 13 million couples every month find the right team of wedding professionals to personalize and pull off their special day. Consumers around the world are able to read more Permira VI G.P. Limited than 4 million vendor reviews and search, compare and book from a directory of over 400,000 vendors. Founded in 2007, the WeddingWire portfolio serves couples and wedding professionals across 15 countries in North America, Latin America, Europe and Asia. The company has more than 950 employees and is headquartered in Chevy Chase, Maryland, just outside of Washington, D.C., with international headquarters in Barcelona, Spain.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-27 Xplornet

Woodstock, New Brunswick, Canada

Xplornet is a provider of broadband access to rural consumers across Canada using both 4G Wireless and two-way next-generation satellites. Xplornet has been providing innovative fixed and mobile broadband solutions to rural customers at work, home and plays across Canada. Xplornet offers voice and data communication services through its unique hybrid fiber wireless and satellite network that connects Canadians to what matters. Xplornet was founded in 2004 and is based in Woodstock, New Brunswick.

Sell -
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