SCOTTSDALE, AZ – Arcoro, a proven provider of human capital management (“HCM”) solutions for high consequence industries, announced today that it has acquired InfinityHR, an innovative leader in Human Capital Management. InfinityHR joins the existing Arcoro HCM platform companies of BirdDogHR and ExakTime and marks the third human resource (“HR”) software acquisition by Arcoro this year. Arcoro, which is backed by Providence Strategic Growth Capital Partners L.L.C. (“PSG”), continues to fulfill its commitment to delivering integrated, easy-to-use HCM solutions for high consequence industries.
With the U.S. unemployment rate hovering at 3.9% according to the Bureau of Labor Statistics, hiring, managing and retaining great employees is a competitive endeavor that continues to be critical to business longevity and success. Arcoro understands that high consequence industries, including construction, engineering, manufacturing and healthcare, face these challenges in addition to their rigorous reporting requirements for compliance. Accordingly, the acquisition of InfinityHR brings core HR features, benefits management, payroll, Affordable Care Act reporting and other features that can be integrated seamlessly into the Arcoro solution.
“We are very excited to join Arcoro,” said Jeff Torczon, president and CEO of InfinityHR. “Arcoro has assembled a strong HR solution offering. We look forward to introducing our solution across the Arcoro family of companies and sharing the Arcoro solutions with our customers and strong partner network.”
“InfinityHR’s product suite is highly complementary to the current Arcoro product suite, and will further empower Arcoro’s customers with a highly integrated HCM solution with the breadth of capabilities they are looking for,” said PSG Managing Director Gopi Vaddi. “Their strong core HR software solution, support structure and partner network reinforces our go-to market strategy. We are very happy to have InfinityHR join our team, and very excited about the great cultural fit.”
“We are pleased to see InfinityHR joining the suite of Arcoro products,” said Todd Skokan, CEO of BirdDogHR. “We think the expanded core HR functionality will make Arcoro’s strong array of offerings even stronger.”
“We are looking forward to the expanded offering available through the Arcoro platform of products in the HCM space,” said Tony Bowden from Payroll Systems, an InfinityHR partner. “InfinityHR continues to be a leading partner for our customers, providing best in class core HR functionality, benefits management, ACA reporting and payroll functionality. Integrated talent management provided by BirdDogHR combined with ExakTime’s time and attendance platform will give us an opportunity to increase our HCM offerings all under the Arcoro brand.”
About InfinityHR
InfinityHR is an innovative leader in Human Capital Management. We cater to businesses of all sizes, providing solutions to help them manage, maintain, communicate, and automate employee and company-wide human capital management processes. With a proven track record, our powerful HR software solution provides comprehensive Human Capital Management, Benefits Management, Payroll, Compliance, Extensions, and an innovative Mobile App, in one completely integrated and secure system. This includes interfacing capability for both Payroll and Insurance Carrier systems, and links with hundreds of major partners. InfinityHR brings together the most essential HR tasks in one place, simplifying processes and allowing teams to get back to the work that matters most. For more information, please visit www.infinity-ss.com.
About Providence Strategic Growth
Providence Strategic Growth (“PSG”) is an affiliate of Providence Equity Partners (“Providence”). Established in 2014, PSG focuses on growth equity investments in lower middle market software and technology-enabled service companies, primarily in North America. Providence is a premier global asset management firm with approximately $60 billion in capital under management across complementary private equity and credit businesses. Providence pioneered a sector-focused approach to private equity investing with the vision that a dedicated team of industry experts could build exceptional companies of enduring value. Since the firm's inception in 1989, Providence has invested in more than 160 companies and is a leading equity investment firm focused on the media, communications, education and information industries. Providence is headquartered in Providence, RI, and also has offices in New York and London. For more information on PSG, please visit https://www.provequity.com/private-equity/psg, and for more information on Providence, please visit www.provequity.com.
Technology M&A Practice (Formerly Pagemill Partners), a division of Duff & Phelps, served as exclusive financial advisor to InfinityHR.
