Investcorp Technology Partners (ITP), a European technology investor, is to sell softgarden e-recruiting (softgarden), a provider of human resources software solutions to Grupa Pracuj, an HR Tech company listed on the Warsaw Stock Exchange.
The transaction, which is expected to complete imminently, will result in a return of in excess of 3x invested capital in less than four years.
Headquartered in Berlin, Germany, softgarden offers an innovative recruitment software platform to a diverse set of mid-market and enterprise customers across Europe.
ITP acquired softgarden in 2018 as part of its Investcorp Technology Partners Fund IV and worked closely with its founder and CTO Stefan Schüffler and the management team to accelerate growth through international expansion, the strategic acquisition of absence.io as well as meaningful investments in product innovation and its go-to-market strategy.
