HR software company raises equity
Article Date: Jun 02 2008Jobpartners, a developer of human resources (HR) management software, has secured €11 million (£8.7 million) from new and existing investors. This takes the total equity finance raised by the company since its launch in 2000 to €36 million.
This third round of funding for Jobpartners included new investors Société Générale Asset Management Alternative Investments and CM-CIC Private Capital, both venture divisions of French banks. Existing investors participating in the round are IT recruiter iSource and Netherlands-based venture capitalist Glide IT.
The funding will be used to accelerate Jobpartners’ growth in new regions.
Jobpartners reported turnover of £7 million in 2006 and says annualised sales growth over the last five years has been 35 per cent. The company, whose software is designed to help organisations attract, develop and retain talent, has been included in lists of fast-growing technology companies published by The Sunday Times and accountancy firm Deloitte.
Its clients include French supermarket Carrefour and sportswear brand Nike, and it has 120 employees across nine European offices.
