StratEx Receives Investment from Halyard Capital
Ponte Vedra, FL – January 10, 2017 – StratEx, a provider of HR software and services, received an investment from Halyard Capital, a New York-based private equity fund. As part of the transaction, Halyard Capital is also providing expansion capital to the business to accelerate a number of StratEx's growth initiatives.
Based in Chicago, StratEx delivers a robust, Human Capital Management ("HCM") SaaS platform that addresses all aspects of the employee lifecycle, from applicant tracking and time and attendance to payroll, benefits and performance management. StratEx allows its customers to "Automate, Mitigate, and Manage" their Human Resources ("HR") needs with its intuitive, paperless solution, eStratEx, and through the support of the company's HR compliance experts. The company has become a trusted partner to hundreds of satisfied customers, including many in the restaurant, hospitality and retail industries.
"I am thrilled to be teaming up with Halyard Capital to build upon the strong foundation we have put in place at StratEx," said the company's CEO and co-founder, Adam Ochstein. "We have built a superior HR software platform for businesses with multiple locations, lean resources and complex scheduling needs. These types of companies are desperate for an intuitive, comprehensive solution and they are responding strongly to both our differentiated functionality and our team's expertise. Now is the time to take our growth to the next level and we have found a perfect partner to help us do that."
Jonathan Barnes, Partner of Halyard Capital, commented, "This investment is reflective of Halyard's continued focus on opportunities in the HCM space. In StratEx, we found a business with a proprietary platform that provides a broad suite of SaaS-based applications that help automate and streamline the HCM workflow in a regulatory-compliant fashion. The Company is quickly gaining market share and we hope to accelerate its growth with additional investment in products, capabilities and people."
Harbor View Advisors served as the exclusive financial advisor to StratEx.
Harbor View Advisors provides M&A advisory, turnkey corporate development and strategic consulting to software and technology-enabled business services companies. Our unique approach combines the strategic thinking of a consulting firm with the execution experience of an investment bank to provide clients with the full spectrum of guidance they need to achieve their goals. Whether you are seeking ways to accelerate growth, a path to liquidity for your business or a catalyst for your corporate development program, we work with your leadership team to solve your toughest challenges.