CHICAGO–(BUSINESS WIRE)–HighBar Companions (“HighBar”), a Menlo Park, CA-based non-public fairness investor, right now introduced its acquisition of SilkRoad Expertise (“SilkRoad”), a world software program and cloud-based expertise platform designed to extend worker satisfaction and productiveness. Together with the deal, HighBar Companions will present extra development fairness financing to additional develop SilkRoad’s industry-leading SaaS capabilities, elevate its expertise stack and ship new safe world enterprise options that help digital and workforce transformation on this increasing market.
The funding follows a yr and a half of world workforce modifications, which has introduced enterprise leaders with a once-in-a-lifetime alternative to reevaluate and reinvent the function and affect of expertise inside their organizations. Current buyers Basis Capital and Two Sigma Ventures are collaborating within the development fairness financing for SilkRoad with HighBar.
“HighBar is thrilled to associate with SilkRoad Expertise as we acknowledge the criticality of the worker expertise and the necessity for digital options to drive mobility, productiveness and income efficiency,” mentioned Jayson Yuan, Associate, HighBar Companions. “SilkRoad’s present capabilities in and imaginative and prescient for the expertise administration house put the corporate in a strategic place to drive important change for enterprise organizations, to help within the deployment of expertise the place the group wants it most, and to speed up worker contributions delivering impactful outcomes for its prospects. Lastly, we welcome the continued participation and partnership of Basis Capital and Two Sigma as a recognition of SilkRoad’s imaginative and prescient and functionality to excel within the coming years.”
“Getting into this new part of development and innovation, we’re excited to associate with HighBar as we share a client-centric, revolutionary, outcome-oriented strategy. HighBar presents sources and steering to organizational technique and efficiency that we’ll want to steer purchasers to new ranges of resilience and enterprise worth. Stronger government insights, enterprise visibility and modeling will assist firms undertake agile expertise methods powered by an energized, constantly related worker base,” mentioned Robert Dvorak, President and CEO of SilkRoad Expertise. “Collectively, our core options and long-term capabilities will put our purchasers able to successfully navigate any change or disruption with higher predictability that does not exist right now.”
Cowen, Inc., served as monetary advisor to SilkRoad Expertise and Winston & Strawn, LLP, served as authorized counsel. Goodwin Proctor, LLP, served as authorized counsel to HighBar Companions. Debt financing for the transaction was offered by Bridge Financial institution.
HighBar Companions is a non-public funding agency that gives strategic development capital to enterprise and infrastructure software program firms, with a concentrate on long-term worth creation. HighBar buildings its investments to align all stakeholders, whereas working alongside administration groups to develop a long-term technique to unlock operational worth. For extra info, go to www.highbarpartners.com.
About SilkRoad Expertise
Since 2003, SilkRoad Expertise’s software program and companies platform has helped our purchasers entice, retain and align folks to their enterprise. Their options begin with International Shopper Providers to offer strategic HR and enterprise experience. SilkRoad then designs safe options tailor-made to particular person enterprise necessities at scale for world firms. They ship customized experiences for workers to drive engagement throughout the employment lifecycle to allow measurable and improved enterprise outcomes.