AUSTIN,TX—PeopleAdmin announces that it has been acquired by Vista Equity Partners, a private equity firm with over $7 billion in committed capital.
PeopleAdmin, Inc. (“PeopleAdmin”), the leading provider of on-demand talent management solutions for higher education and government, announced that it has been acquired by Vista Equity Partners (“Vista”), a private equity firm with over $7 billion in committed capital. [Summit Partners invested in PeopleAdmin in 2008.]
“We are excited to partner with Vista as we look to accelerate our growth and continue to provide valuable solutions to our clients,” said Susanne Bowen, CEO of PeopleAdmin. “We share a similar vision for the company, and Vista’s software expertise and focus will enable us to continue to scale and serve our clients and invest in our best-in-class product suite.”
Founded in 2000, PeopleAdmin provides market leading software-as-a-service (SaaS) talent management solutions specifically designed for higher education and government organizations. Today, more than 700 organizations, including 30% of the 2,000 largest U.S. institutions of higher education, use PeopleAdmin’s solutions to deliver efficient, compliant and defensible talent management processes across the entire employment lifecycle. PeopleAdmin’s easy to use, configurable products provide clients with the flexibility they need to optimize workflows in their highly complex and regulated industries.
“PeopleAdmin has a history of delivering truly unique and mission-critical value to its clients,” said Patrick Severson, Principal of Vista Equity Partners Foundation Fund. “By combining our resources and expertise with the great team at PeopleAdmin, we see a tremendous opportunity to fuel the next stage of growth and help clients hire, develop and retain some of their greatest assets: their people.”
Lazard served as financial advisor to PeopleAdmin.
PeopleAdmin is the leading provider of cloud-based talent management solutions for higher education and government. PeopleAdmin’s software enables more than 700 clients to streamline the hiring process; onboard new employees; efficiently manage positions and employee performance; develop compliant, defensible audit trails; and utilize industry-leading reporting and metrics. Their integrated talent management suite, SelectSuite®, includes applicant tracking, faculty search committee management, position management, onboarding and performance management. PeopleAdmin solutions are rapidly deployed, easy-to-use and supported through a world-class customer service organization.
About Vista Equity Partners
Vista Equity Partners, a U.S. based private equity firm with offices in San Francisco, Chicago and Austin, currently invests over $7 billion in capital committed to dynamic, successful technology-based organizations led by world-class management teams with long-term perspective. Vista is a value-added investor, contributing professional expertise and multi-level support towards companies realizing their full potential. Vista’s investment approach is anchored by a sizable long-term capital base, experience in structuring technology-oriented transactions, and proven management techniques that yield flexibility and opportunity in private equity investing. For further information please visit http://www.vistaequitypartners.com.