NexPhase Capital to invest in Selerix Systems.

NexPhase Capital, a thematic and operationally-focused private equity firm, agreed to invest in Selerix Systems, a provider of cloud-based benefits administration and employee engagement software. Financial terms were not disclosed. "We are excited about Selerix's numerous growth prospects, and this investment underscores our confidence both in Selerix's highly scalable technology platform as well as the growing market for its industry-trusted software. We look forward to working closely with Selerix's leadership team to enhance and execute the company's strategy to grow through continued product innovation and expansion into adjacent functional areas that will enable Selerix to better serve its constituents," Joel Killion, NexPhase Partner.