PE Tech Report


Like this article?

Sign up to our free newsletter

Citizens advises EasyWorkforce Software Corporation on growth equity investment from CFH Strategic Investment I

Citizens M&A Advisory has served as the exclusive financial advisor to EasyWorkforce Software Corporation, a workforce management software provider, on its growth equity investment from CFH Strategic Investment I. Founded in 2011, and formerly known as EasyClocking, EasyWorkforce is globally recognised as a premier workforce management solution provider. EasyWorkforce’s suite of solutions includes proprietary SaaS-based time and attendance and advanced scheduling solutions that help more than 10,000 clients across six continents manage complex workforce needs surrounding time, labor and leave. In conjunction with its SaaS platform, the company sells advanced biometric time clocks that operate on proprietary Android-based software.

Sino Jos, CEO of EasyWorkforce, says: “Scott Rhodes and the Citizens team served as an exceptional advisor, navigating a complicated market environment introduced by the Covid-19 pandemic. Throughout the process, Citizens remained creative, tenacious and results-oriented, delivering an outstanding result for EasyWorkforce. Their knowledge of the HR technology industry was critical in telling our story to investors and positioning us to obtain growth capital.”

Scott Rhodes, managing director at Citizens, adds: “We are excited for EasyWorkforce to leverage this growth equity investment and take advantage of what is a significant opportunity to become a leading workforce management software company within the SMB market. We are proud to have advised EasyWorkforce on this transaction and look forward to following their continued success. Over the past three years, Citizens has advised on 13 HR technology transactions.”

Citizens M&A Advisory specialises in middle-market mergers and acquisitions as well as later-stage financing transactions. Citizens combines sector intelligence with a client-focused approach to realise our clients’ true value. The Citizens team has closed more than 140 transactions in the last five years and has more than 80 M&A professionals specialising in a range of industries across the United States. Citizens M&A Advisory is part of Citizens Capital Markets, a subsidiary of Citizens Financial Group (NYSE: CFG).

Like this article? Sign up to our free newsletter