Gemspring Capital Management LLC, a Westport a middle-market private equity firm, has acquired a majority interest in ClearCompany Holdings Inc., a provider of human capital management software. The financial terms of the deal were not disclosed.
The Boston-based ClearCompany offers the Talent Management software platform, a suite of solutions designed to streamline talent acquisition, performance management, employee engagement, and analytics, with a primary focus on serving mid-market and enterprise businesses. The company supports more than 2,000 customers spanning nearly 50 industry verticals.
“ClearCompany is at an exciting inflection point, and we are thrilled to partner with Gemspring to pursue a number of compelling growth opportunities,” said Andre Lavoie, CEO and co-founder of ClearCompany. “Gemspring’s extensive strategic and operational experience in scaling software companies make them the ideal partner to support our business as we build out our customer base, expand product offerings, and strengthen our partnerships.”
“We’re extremely impressed by ClearCompany’s longstanding track record of growth and innovation,” said D.J. Andrzejewski, managing director at Gemspring. “We look forward to partnering with Andre and the team to continue to drive product enhancements, bolster operations, and accelerate ClearCompany’s growth trajectory while maintaining its customer-centric approach.”
This is Gemspring’s second acquisition announcement for September – earlier in the month, the company stated it had acquired Midland Industries LLC, a manufacturer and distributor of pipe, valve, and fitting products across North America.
Westport’s Gemspring Capital Management acquires Midland Industries
