Authoria and Peopleclick Combine in $100 Million Transaction to Create Largest Private Company in the Talent Management Arena

Waltham, MA – January 5, 2010

New Company Currently Serves Nearly 60 Percent of the Fortune 100 and Delivers Enterprise Customers Worldwide the First Best-of-Breed Talent Management Suite

As further evidence of its commitment to the Human Capital Management marketplace, Bedford Funding, a private equity firm with $800 million in available capital specializing in investments in the software and IT sector, today announced its $100 million acquisition of Peopleclick, the leading provider of Talent Acquisition and Workforce Compliance and Diversity solutions.

Peopleclick will join with Authoria, an existing Bedford Funding portfolio company which was the industry's first provider of fully-integrated Talent Management solutions. The combination of these two leading independent brands, which will now operate under the Peopleclick Authoria name, brings an unmatched suite of Talent Management software, services and consulting solutions to enterprise businesses around the world. Charles S. Jones, Managing Partner of Bedford Funding, will assume the role of Chairman and CEO of Peopleclick Authoria, effective immediately.

"Enterprise customers who are addressing increasing global workforce complexity and managing thousands, or even tens of thousands, of employees expect deep software functionality in the specific Talent Management disciplines they are enabling, whether it be recruiting, compensation, performance management, succession planning, compliance or vendor management. That said, with every silo or multi-silo function purchase, all enterprise customers come to the table with a long-term vision for a full suite of compatible and integrated Talent Management solutions so they can successfully apply a range of employee data toward desired business outcomes," said Mr. Jones. "We are excited to now provide current and prospective customers the powerful combination of two leading brands and two deeply innovative and comprehensive suite providers in Talent Acquisition and Talent Management. With this integration we are delivering the first best-of-breed suite available in the market from one single-source vendor."

Peopleclick Authoria is currently serving nearly 60 percent of the Fortune 100 and has proven expertise in meeting the needs of large global customers. The combined company has expressly committed to the ongoing support of all product lines offered by Authoria and Peopleclick prior to the union, and it will deliver key integration and innovation elements in order to provide broader capability for existing customers and one of the most comprehensive talent lifecycle solutions for new customers.

"Peopleclick Authoria represents the union of two strong players in the fast-growing Talent Management systems market," said Josh Bersin, President and CEO of Bersin & Associates. "Both companies are product and market leaders in their segments, and together they bring scale and depth of management to drive growth and even greater customer value."

All aspects of the Peopleclick business, including the Vendor Management System and the Compliance and Diversity businesses, will be integrated, along with the Talent Acquisition products, into a comprehensive Talent Management offering with Authoria's existing suite. The Compliance and Diversity business previously within Peopleclick, combined with the full suite of post-hire talent management capabilities, is at the forefront of supporting the diverse workforce priorities and regulatory compliance initiatives of global customers for both companies. By extending customers' ability to effectively control their contingent workforces, Peopleclick Authoria's Vendor Management System offers customers the ability to fully manage the talent acquisition process – whether such talent is permanently added to an organization or considered on a contingent basis – to meet critical staffing and organizational performance needs within budget.

The full spectrum of Talent Acquisition and Talent Management products available through Peopleclick Authoria will continue to be sold independently or as part of a suite offering, and the Company will be delivering an Appreciation Program, which will reward the purchase of expanded suite functionality with discounted packaged pricing models, in the coming months to existing customers of both companies. In further support of customer initiatives in the coming year, the Company has made additional investments in the engineering and services groups to optimize the delivery of new functionality and integrations to customers in the U.S. through four data centers and eight offices spread across North America and internationally through an E.U. data center and locations in India, Belgium and the United Kingdom.

Last update : 14-01-2010 15:37

Keywords : PeopleClick and Authoria Merger

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