Announced
Financials
Sources
Tags
software development
Acquisition
Private
Single Bidder
Austria
Friendly
human resources software
Outsourced HR and Staffing
Private Equity
Synopsis
Elvaston Capital, an entrepreneur-led private equity firm, acquired Infoniqa Group, one of the leading providers of human resource software and outsourcing solutions for the HR sector in the German-speaking region, from Cornerstone Partners, an SEC registered investment advisor. Financial terms were not disclosed. As a new strategic partner and majority stakeholder, Elvaston will support the strong growth of Infoniqa and the continued development of its market position.
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