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Local Tech Wire
RALEIGH, N.C. – , a privately held provider of employment, workforce acquisition and compliance services, is being acquired by a private equity firm for $100 million.
Bedford Funding, which has some $800 million in capital and is based in White Plains, N.Y., disclosed the deal Tuesday.
Peopleclick will be merged with Authoria, which is also owned by Bedford Funding. It is based in Waltham, Mass.
The combined company, called , will be run by Charles Jones, as chairman and chief executive officer. He also is managing partner of Bedford Funding.
Peopleclick Chairman and CEO Ron Kupferman will serve as vice chairman of the combined venture. Jim McDevitt, who was CEO of Authoria, also will serve as a vice chairman.
Founded in 1997, Peopleclick has some 200 employees in Raleigh.
“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,” Jones said in a statement.
“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,” he added.
Jones was chairman and CEO of Canada-based Geac Computer Corporation before joining Bedford Funding.
The combined company includes some 60 percent of Fortune 100 companies as clients, according to Bedford Funding.
Peopleclick Authoria will operate four data centers and eight offices in the U.S. as well as operations in Belgium, the United Kingdom and India.
Peopleclick has more than 2,100 clients in 214 countries around the world.
