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From the Wires
PageUp People Raises $10 Million for Growth Equity
SaaS Talent Management Innovator Accelerates Global Growth
By: Marketwired .
Nov. 19, 2012 04:45 PM
MELBOURNE, AUSTRALIA and LONDON and ATLANTA, GA -- (Marketwire) -- 11/19/12 -- PageUp People, a Multinational Talent Management solutions provider, today announced that Silicon Valley-based private investment firm Accel-KKR has taken an equity stake in the business. The new funding heralds the further expansion of the PageUp People technology platform into the world's emerging and high growth markets.
PageUp People CEO Karen Cariss said, "Our strategy to bring best in class SaaS talent management solutions to new markets is reinforced by this investment. The majority of our global Fortune 500 and ASX 100 clients have established and growing businesses in high growth regions such China, India, South-East Asia, Latin America and South Africa. The demand to service existing clients is naturally drawing us to these markets but will also be a platform for exponential growth of new business."
Cloud provider PageUp People has made significant investments in building out the full functionality of its unified talent management suite, which now includes recruitment, performance, development, compensation, career and succession management modules. The award-winning PageUp People system sits on a single unified SaaS-platform and is perfectly positioned to deliver on the big data, social and mobile demands of the market. "This means we have a truly seamless platform that provides a consistent experience for managers, employees, recruiters and candidates -- everything is intrinsically connected," Cariss said.
Accel-KKR Managing Director Greg Williams, who has joined the PageUp People Board of Directors noted, "PageUp People is the latest in our portfolio of premium software companies and reflects both our research and belief in growing market demand for human capital resource management technologies. Bootstrapped to date, PageUp People has nonetheless driven consistent double-digit growth rates while building a highly referenceable customer base across Australia and beyond. We expect our investment to release PageUp People's potential and substantially accelerate the execution of its strategic plan."
Accel-KKR's founding Partner, Tom Barnds, emphasized PageUp People's fit with the firm's view on the Australian technology market, "We are excited to be partnered with Karen and her team. PageUp is a great example of what we believe to be an exceptionally strong and entrepreneurial technology development community in Australia, and is the latest in a long line of Accel-KKR investments in founder led businesses. Accel-KKR will continue to devote significant time and resources to building relationships with growing Australian and Asia Pacific companies providing critical software and technology-enabled services to the market."
PageUp People clients will benefit significantly. "This investment ensures our continued commitment to delivering innovation to our existing customers. We are also going to great lengths to understand the nuances of the culturally and economically diverse countries for clients with large scale global operations," said Cariss. "It requires more than simple language translations -- our research is highlighting fundamental differences in style and execution that must be reflected in technology in order to fully engage multi-cultural audiences." She added, "Our Global Gateway interface was designed exactly to address these requirements and we'll leverage this funding to further accelerate our product roadmap."
About PageUp People
PageUp People solutions support large multinational organizations, including several Global 500 employers and more than 90,000 HR practitioners operating across more than 180 countries from a broad range of industries, including financial services, retail, mining and refining, transportation and telecommunications. PageUp People is headquartered in Melbourne, Australia with additional office locations in Sydney, London, Shanghai and Atlanta. Learn more about how PageUp People can help transform your organization's multinational HR initiatives by visiting http://www.pageuppeople.com.
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