GrowthCurve Capital, a private equity firm the firm focused on investments primarily across the financial and information services, healthcare, and technology sectors, has acquired Hunan resources and payroll software specialist Netchex.
GrowthCurve Capital (GrowthCurve), a private equity firm the firm focused on investments primarily across the financial and information services, healthcare, and technology sectors, has acquired Hunan resources and payroll software specialist Netchex.
Founded in 2003 by CEO Will Boudreaux and co-founder Stuart Ethridge, Netchex is provides human capital management (HCM) and payroll software solutions to the small to medium enterprise (SME) market. The company’s integrated suite of cloud-based HCM products includes core HR, payroll, time & attendance management, benefits administration, talent management, and reporting & analytics, solutions.
GrowthCurve’s investment will be used by Netchex to further accelerate its AI strategy, including development of new data analytics products; support the launch of new business lines; and expand into new markets.
In addition to representatives from GrowthCurve, Ted Gaty, former chief product & technology officer of Paylocity, will join the Board of Directors of Netchex, helping drive key strategic priorities for the business.
Lincoln International served as financial advisor and Goodwin Procter served as legal counsel to Netchex. Jefferies LLC served as exclusive financial advisor and Davis Polk & Wardwell served as legal counsel to GrowthCurve.
