M&A Deal Summary

HRSoft Acquires CompTrak

On June 20, 2023, HRSoft acquired internet software and services company CompTrak

Acquisition Highlights
  • This is HRSoft’s 1st transaction in the Internet Software and Services sector.
  • This is HRSoft’s 1st transaction in Canada.
  • This is HRSoft’s 1st transaction in Ontario.

M&A Deal Summary

Date 2023-06-20
Target CompTrak
Sector Internet Software and Services
Buyer(s) HRSoft
Deal Type Add-on Acquisition
Advisor(s) CIBC Capital Markets (Financial)

Target

CompTrak

Aurora, Ontario, Canada
CompTrak is a comprehensive solution that is transforming the way incentive, equity and merit review compensation plans are managed today. CompTrak allows companies to innovate, customize, manage multiple compensation plans, and ensure that they are linked to corporate strategic goals while eliminating the need for spreadsheets and dependency on legacy systems. CompTrak is based in Aurora, Ontario.

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Buyer(S) 1

Buyer

HRSoft

Maitland, Florida, United States

Category Company
Founded 2012
Sector Internet Software and Services
DESCRIPTION

HRSoft's SaaS platform is a low-code platform that empowers enterprises to take control of employee compensation, rewards, and performance management. HRSoft was founded in 2012 and is based in Maitland, Florida.


DEAL STATS #
Overall 1 of 1
Sector: Internet Software and Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Ontario M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2023 M&A 1 of 1