CHICAGO–(BUSINESS WIRE)–HighBar Companions (“HighBar”), a Menlo Park, CA-based personal fairness investor, right this moment introduced its acquisition of SilkRoad Expertise (“SilkRoad”), a worldwide software program and cloud-based know-how platform designed to extend worker satisfaction and productiveness. Together with the deal, HighBar Companions will present extra progress fairness financing to additional develop SilkRoad’s industry-leading SaaS capabilities, elevate its know-how stack and ship new safe international enterprise options that help digital and workforce transformation on this increasing market.
The funding follows a 12 months and a half of worldwide workforce modifications, which has introduced enterprise leaders with a once-in-a-lifetime alternative to reevaluate and reinvent the function and affect of expertise inside their organizations. Current traders Basis Capital and Two Sigma Ventures are collaborating within the progress fairness financing for SilkRoad with HighBar.
“HighBar is thrilled to companion with SilkRoad Expertise as we acknowledge the criticality of the worker expertise and the necessity for digital options to drive mobility, productiveness and income efficiency,” stated Jayson Yuan, Associate, HighBar Companions. “SilkRoad’s current capabilities in and imaginative and prescient for the expertise administration house put the corporate in a strategic place to drive vital change for enterprise organizations, to help within the deployment of expertise the place the group wants it most, and to speed up worker contributions delivering impactful outcomes for its prospects. Lastly, we welcome the continued participation and partnership of Basis Capital and Two Sigma as a recognition of SilkRoad’s imaginative and prescient and functionality to excel within the coming years.”
“Coming into this new section of progress and innovation, we’re excited to companion with HighBar as we share a client-centric, modern, outcome-oriented method. HighBar provides sources and steerage to organizational technique and efficiency that we’ll want to steer shoppers to new ranges of resilience and enterprise worth. Stronger govt insights, enterprise visibility and modeling will assist firms undertake agile expertise methods powered by an energized, constantly related worker base,” stated Robert Dvorak, President and CEO of SilkRoad Expertise. “Collectively, our core options and long-term capabilities will put our shoppers ready to successfully navigate any change or disruption with better predictability that does not exist right this moment.”
Cowen, Inc., served as monetary advisor to SilkRoad Expertise and Winston & Strawn, LLP, served as authorized counsel. Goodwin Proctor, LLP, served as authorized counsel to HighBar Companions. Debt financing for the transaction was offered by Bridge Financial institution.
HighBar Companions is a personal funding agency that gives strategic progress capital to enterprise and infrastructure software program firms, with a deal with long-term worth creation. HighBar constructions its investments to align all stakeholders, whereas working alongside administration groups to develop a long-term technique to unlock operational worth. For extra data, go to www.highbarpartners.com.
About SilkRoad Expertise
Since 2003, SilkRoad Expertise’s software program and providers platform has helped our shoppers appeal to, retain and align individuals to their enterprise. Their options begin with World Consumer Providers to supply strategic HR and enterprise experience. SilkRoad then designs safe options tailor-made to particular person enterprise necessities at scale for international firms. They ship customized experiences for workers to drive engagement throughout the employment lifecycle to allow measurable and improved enterprise outcomes.