Announced
Completed
Financials
Tags
Acquisition
United States
timekeeping
Private Equity
Management Consulting
Private
Single Bidder
Majority
Completed
Friendly
Synopsis
Providence Equity Partners, a premier private equity firm that specializes in the media, communications, education and information industries, completed the acquisition of TimeClock Plus, an workforce management software provider. Financial terms were not disclosed. TimeClock Plus provides best-in-class technology solutions that help over 60k public and private sector businesses worldwide manage complex timekeeping, employee scheduling, leave management and other workforce needs. "I am proud of the tremendous growth we have achieved over the last 30 years and our deep commitment to developing innovative solutions that help organizations optimally manage their employee timekeeping processes. Providence's investment in our company is a strong endorsement of our best-in-class technology solutions, highly talented team and future growth prospects." Jorge Ellis, TimeClock Plus Founder.
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