Acendre Partners with Strattam Capital to Accelerate Growth
We have exciting news today!
We are announcing today a majority growth investment from Strattam Capital. This is exciting news for our customer, partners and employees, as this investment will enable Acendre to accelerate our growth and more quickly advance our innovative, easy-to-use Software as a Service (SaaS) talent management platform, which helps organizations solve some of today’s most challenging workforce performance problems.
From the joint press release with Strattam:
Acendre’s highly secure, configurable and interoperable talent management platform addresses the unique needs of organizations in highly regulated industries including the federal government, healthcare, higher education, and mining. The solution is FedRAMP certified and maintains specific capabilities for the federal government such as Title 5 hiring practice workflow. Over 200 organizations around the globe, including almost 100 federal agencies, leverage Acendre’s award winning solution to recruit, engage, retain and develop their employees to improve workforce performance. Acendre processes more than one million applications annually and is used by 300,000 candidates every month. The investment by Strattam provides Acendre with the resources required to accelerate growth in both the United States and Australia.
“I am very excited about what this transaction means for our customers, partners and employees,” said Mike Giuffrida, co-founder and CEO of Acendre. “I was impressed by the Strattam team’s experience in the human capital market and cloud software, and by its understanding of the unique, innovative capabilities of our technology. We can now accelerate our plan to solve organizations’ workforce performance problems through improved sourcing, hiring, engagement, performance and learning. With our highly secure offerings, we are now in an even better position to continue to innovate and expand our lead in the market for HR in regulated industries.”
“We believe the HCM market will continue to grow, and believe companies like Acendre, with innovative solutions and a commitment to ensuring the security and privacy of its customers, will lead the way,” said Strattam Capital Managing Partner Bob Morse. “We’re very impressed with the company and solutions Acendre has built and are excited to work with Mike and his leadership team to build on the success and growth Acendre has experienced to date.”
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