Authoria and Peopleclick Combine in $100 Million Transaction to Create Largest Private Company in the Talent Management Arena
New Company Currently Serves Nearly 60 Percent of the Fortune 100 and Delivers Enterprise Customers Worldwide the First Best-of-Breed Talent Management Suite
Waltham, MA and Raleigh, NC —January 5, 2010—As further evidence of its commitment to the Human Capital Management marketplace, Bedford Funding, a private equity firm with $800 million in available capital specializing in investments in the software and IT sector, today announced its $100 million acquisition of Peopleclick, the leading provider of Talent Acquisition and Workforce Compliance and Diversity solutions. Peopleclick will join with Authoria, an existing Bedford Funding portfolio company which was the industry’s first provider of fully-integrated Talent Management solutions. The combination of these two leading independent brands, which will now operate under the Peopleclick Authoria (The Company) name, brings an unmatched suite of Talent Management software, services and consulting solutions to enterprise businesses around the world. Charles S. Jones, Managing Partner of Bedford Funding, will assume the role of Chairman and CEO of Peopleclick Authoria, effective immediately.
“Enterprise customers who are addressing increasing global workforce complexity and managing thousands, or even tens of thousands, of employees expect deep software functionality in the specific Talent Management disciplines they are enabling, whether it be recruiting, compensation, performance management, succession planning, compliance or vendor management. That said, with every silo or multi-silo function purchase, all enterprise customers come to the table with a long-term vision for a full suite of compatible and integrated Talent Management solutions so they can successfully apply a range of employee data toward desired business outcomes,” said Mr. Jones. “We are excited to now provide current and prospective customers the powerful combination of two leading brands and two deeply innovative and comprehensive suite providers in Talent Acquisition and Talent Management. With this integration we are delivering the first best-of-breed suite available in the market from one single-source vendor.”
Peopleclick Authoria is currently serving nearly 60 percent of the Fortune 100 and has proven expertise in meeting the needs of large global customers. The combined company has expressly committed to the ongoing support of all product lines offered by Authoria and Peopleclick prior to the union, and it will deliver key
