Francisco Partners acquired a majority stake in Pay Scale.

PayScale, the leading provider of SaaS-based compensation data, analytics and software, got a majority investment from Francisco Partners, a global technology-focused private equity fund. Financial terms were not disclosed. This investment will provide PayScale with a new financial partner to build upon the company’s strong momentum and help continue to drive product innovation. PayScale has grown substantially in recent years as employees and employers alike increasingly demand modern compensation software that enables more data-driven compensation decisions, leading to greater pay transparency and equity. “Compensation-related friction continues to affect employers and employees globally. The changing dynamics of the workforce, including the shift from Boomers to Millennials as the dominant cohort in today’s workplace and the entrance of Gen Z, has made it impossible for CEOs to leave compensation to chance." Adam Solomon, Francisco Partners Principal.