7Geese acquired by Paycor
Deal Synopsis
7Geese was acquired by Paycor, via its financial sponsors HarbourVest Partners, Apax Partners, Sixth Street Partners and Altamir, through an LBO on September 29, 2020 for an undisclosed sum. The acquisition continues to further Paycor's leadership in the HCM market and delivers on its promise to take care of the client first. The company's platform will be fully integrated into Paycor's product portfolio, enabling customers to further focus on what matters most to their businesses - their employees. See Press Release.
Seller Details
7Geese develops a performance management platform designed to help companies achieve their goals. The company's platform offers objectives and key results (OKR) goal-tracking, facilitation of one-on-one feedback and employee surveys to deliver real-time data, enabling managers and executives to make everyday decisions on employee performance and growth and subsequently improve the organization's performance.
Buyer Details
Paycor provides online payroll processing and human resource management services in the United States. The company provides services to the large business entities and small enterprises as well. It provides payroll processing, time and attendance management, HR services, reporting services and other allied services.
HarbourVest Partners is a private equity firm headquartered in Boston, Massachusetts. The firm prefers to make investments in the venture, buyout, mezzanine, distressed and other private markets in North America, Europe, Asia Pacific, and Latin America through primary, secondary and co-investments. The firm seeks to invest in communications, consumer, energy, financial, healthcare, industrial and information technology sectors.