PeopleAnswers acquired by Infor
Deal Synopsis
PeopleAnswers was acquired by Infor, via its financial sponsors Golden Gate Capital, Summit Partners, and Parallax Capital Partners, through an LBO on January 8, 2014 for an undisclosed amount.
Seller Details
PeopleAnswers is a provider of web-based talent assessment and development services. The company provides a cloud-based platform that analyzes 39 behavioral traits for job candidates, such as ambition, discipline, energy, acceptance of authority, attention to detail, flexibility, conscientiousness, and empathy and produces a fit rating, according to the company. It also offers employee development services, including coaching, training, and other related web-based services.
Buyer Details
Infor Global Solutions is a developer of an enterprise-planning software created to provide cloud-based, industry-specific business applications. The company's vertical software automates and integrates business processes, enabling companies in healthcare, retail, fashion, distribution, and public sector to easily manage inventory and logistics, to manage their suppliers, partners, customers and employees.
Golden Gate Capital is a private equity firm based in San Francisco, California. The firm prefers to invest in the consumer, financial services, industrials, software, information systems, energy, aerospace, chemicals, building products, distribution, healthcare, manufacturing, packaging, and tech-enabled services sectors.
Summit Partners is a private equity firm based in Boston, Massachusetts. The firm seeks to invest in companies operating in the business services, technology, healthcare, life science, consumer products and services, education, energy, financial technology and services, semiconductors, electronics, industrial, and software sectors.