Investment Summary

Strattam Capital Invests In HireRoad

On December 18, 2018, private equity firm Strattam Capital invested in internet software and services company HireRoad

Investment Highlights
  • This is Strattam Capital’s 3rd transaction in the Internet Software and Services sector.
  • This is Strattam Capital’s 6th transaction in the United States.
  • This is Strattam Capital’s 1st transaction in Virginia.

Investment Summary
Date 2018-12-18
Target HireRoad
Sector Internet Software and Services
Investor(s) Strattam Capital
Deal Type Growth Capital
Advisor(s) Bowstring Advisors (Financial)

Target

HireRoad

Arlington, Virginia, United States
HireRoad engages in secure cloud-based talent management software and empowers organizations to increase their workforce performance. HireRoad was founded in 1997 and is based in Arlington, Virginia.

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Investor(S) 1

Investor

Strattam Capital

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2013
Size Small
Type Sector Focused
DESCRIPTION

Strattam Capital is a private equity firm focused on investing in and acquiring profitable information technology companies. Specific areas of interest include enterprise software, digital infrastructure, and tech-enabled services. Strattam pursues companies with revenues valued from $10 to $30 million and will consider opportunities throughout the US and Canada. Strattam Capital was formed in 2013 and is based in Austin, Texas.

DEAL STATS #
Overall 8 of 14
Sector (Internet Software and Services) 3 of 5
Type (Growth Capital) 6 of 11
State (Virginia) 1 of 1
Country (United States) 6 of 11
Year (2018) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-29 Rock Solid

San Juan, Puerto Rico

Rock Solid is a software and IT services company recognized as one of the top software engineering companies in Puerto Rico, the United States, and Latin America. Rock Solid was recently selected to provide Respond, a citizen services software (311), for the cities of New Orleans, LA, and Winston-Salem, NC. New Orleans joins the list of cities where Rock Solid Technologies has a presence. In addition, the city of Burlington in Ontario, Canada, and more than thirty-five municipalities in Puerto Rico use the RESPOND tool as their platform to offer residents the ability to report issues and open requests for citizen services. Rock Solid was founded in 1994 and is based in San Juan, Puerto Rico.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-14 Netstock Operations

Denver, Colorado, United States

Netstock Operations is a provider of inventory planning and optimization software for small and mid-sized enterprises. The company was formed with a vision of delivering cloud-based inventory optimization solutions to small and medium sized businesses around the world. Netstock was founded in 2009 and is based in Denver, Colorado.

Buy -
Mergr

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Company

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