Cleveland, OH & Atlanta, GA– August 14, 2018 – Primus Capital (Primus), announced that it has made a major growth investment in ClearCompany. Based in Boston, MA, ClearCompany is the leading talent management software solution that helps companies identify, hire and engage more A Players. The investment by Primus will accelerate the Company’s rapid rise as the preferred talent management platform and allow it to expand its portfolio of solutions and client reach in the market.
ClearCompany’s award-winning software enables thousands of clients to consistently improve their talent lifecycle by implementing and automating a best-practices approach to total talent management. With premier solutions for Applicant Tracking, New Hire Onboarding, Performance and Goals and Talent Analytics, theirs is the leading talent management software that links company performance data back with hiring, providing clients with an unparalleled and actionable understanding of an A Player profile.
“The investment from Primus will enable us to continue to innovate our product suite and further build the sales and support resources to underpin our rapid growth. We recently signed a key partnership with ADP and this investment will be critical to executing on the promising relationship and go to market plan,” said Andre Lavoie, CEO of ClearCompany. “We have an exciting future at ClearCompany, and Primus’ deep experience with SaaS companies, specifically with human capital management software, will be extremely valuable to the next phase of our growth.”
“In a market filled with point solutions, ClearCompany has built a truly differentiated Talent Operating System, a comprehensive suite of products that can be used by top performing organizations to engage employees around their critical mission, vision and goals,” said Jon Dick, Managing Director of Primus. “The Company’s technology is of tremendous importance given that an organization’s most important asset is its employees.” Aaron Davis, Director of Primus, added, “We are excited to partner with the impressive leadership team at ClearCompany and to work with management to build upon the Company’s track record of innovation. ClearCompany is a great addition to our portfolio.”
The Primus investment is the first institutional equity capital raise since the inception of ClearCompany. The employee and management teams will remain as majority owners, but now the Company has a strong financial partner, ready to support this new stage of growth. Dick and Davis will join the ClearCompany Board of Directors.
First Analysis Securities Corporation served as exclusive financial advisor to ClearCompany in the transaction. TPG Sixth Street Partners provided a credit facility as part of the transaction.
Primus is a growth-oriented private equity firm focused on investing in leading healthcare, software and technology-enabled services companies. Primus partners with exceptional management teams to accelerate growth, improve operating performance, and increase the value of the companies in which they invest. Primus pursues buyouts, control and minority recapitalizations, secondary share purchases and expansion financings; this flexible approach enables Primus to engage with business owners and design tailored investment structures to meet the particular needs of the transaction. For more about Primus, please visit www.primuscapital.com.
For more than a decade, ClearCompany has helped companies identify, hire and engage hundreds of thousands of A Players from among millions of applicants. ClearCompany designed and built an organic, unified platform to deliver better hiring experiences, seamless onboarding, company-wide goal alignment and performance management, all driven by best practices. For more about ClearCompany, please visit www.clearcompany.com.