AP NEWS

Salary.com, an H.I.G. Capital Portfolio Company, Completes the Acquisition of Compdata Surveys & Consulting

July 31, 2018

BOSTON--(BUSINESS WIRE)--Jul 31, 2018--H.I.G. Capital, LLC (“H.I.G.”), a leading global private equity investment firm with more than $25 billion of equity capital under management,* is pleased to announce that one of its portfolio companies, Salary.com, LLC (“Salary.com”), has acquired Compdata Surveys & Consulting (“Compdata”), a national compensation and data consulting firm.

Headquartered in Olathe, KS, Compdata has compiled one of the most comprehensive databases in the U.S. market and is a market leader in fast-growing verticals including healthcare, logistics, and higher education. For over 20 years, Compdata’s team of compensation and benefits experts have partnered with employers to help them recruit, retain, and engage their employees.

The combination of Salary.com and Compdata leverages data from more than 10,000 companies and offers the broadest and most complete set of vertical market jobs and pricing available today. With 25,000 job titles and descriptions worldwide, powered by an advanced analytics platform, the combined company dramatically expands the capacity of compensation professionals to identify, match, and price jobs across all regions and industries for compensation planning, candidate recruiting, employee engagement, and workforce retention.

“This transaction extends the value Salary.com can deliver, enhancing our offering with new and complementary data sets including improved coverage of specific vertical segments. Today, we can deliver an unparalleled offering of worldwide data and analytics to our customers, large and small,” said Kent Plunkett, Founder & CEO at Salary.com.

“As I contemplated the next step in our growth, it was critically important to me to partner with a leading technology player, who could extract and deliver even greater value from all of our data. It was also important to me to find a like culture focused on employee engagement and growth, and on customer partnership and success. I could not be happier as we take a big step forward for us and for our customers with Salary.com,” said Robert Sinn, Principal at Compdata.

About Salary.com

Salary.com is the leading SaaS provider of cloud-based compensation market data and analytics. Founded in 1999, the Company serves approximately 4,000 business-to-business customers worldwide with its market-leading CompAnalyst platform, designed to accelerate compensation workflows and improve efficiency. Through its Salary Wizard and consumer website, Salary.com delivers continually updated, reliable market pay data and career content to hundreds of thousands of consumers each year. Salary.com is committed to helping organizations drive company success by aligning compensation practices with recruiting, performance and development initiatives through easy-to-access data and meaningful insights.

About H.I.G. Capital

H.I.G. is a leading global private equity and alternative assets investment firm with more than $25 billion of equity capital under management.* Based in Miami, and with offices in New York, Boston, Chicago, Dallas, Los Angeles, San Francisco, and Atlanta in the U.S., as well as international affiliate offices in London, Hamburg, Madrid, Milan, Paris, Bogotá, Mexico City, Rio de Janeiro and São Paulo, H.I.G. specializes in providing both debt and equity capital to small and mid-sized companies, utilizing a flexible and operationally focused/ value-added approach:

1. H.I.G.’s equity funds invest in management buyouts, recapitalizations and corporate carve-outs of both profitable as well as underperforming manufacturing and service businesses.

2. H.I.G.’s debt funds invest in senior, unitranche and junior debt financing to companies across the size spectrum, both on a primary (direct origination) basis, as well as in the secondary markets. H.I.G. is also a leading CLO manager, through its WhiteHorse family of vehicles, and manages a publicly traded BDC, WhiteHorse Finance.

3. H.I.G.’s real estate funds invest in value-added properties, which can benefit from improved asset management practices.

Since its founding in 1993, H.I.G. has invested in and managed more than 300 companies worldwide. The firm’s current portfolio includes more than 100 companies with combined sales in excess of $30 billion. For more information, please refer to the H.I.G. website at  www.higcapital.com.

* Based on total capital commitments managed by H.I.G. Capital and affiliates.

View source version on businesswire.com:https://www.businesswire.com/news/home/20180731005267/en/

CONTACT: H.I.G. Capital

William Nolan, 617-262-8455

Managing Director

wnolan@higcapital.com

or

Todd Ofenloch, 617-262-8455

Managing Director

tofenloch@higcapital.com

www.higcapital.com

KEYWORD: UNITED STATES NORTH AMERICA MASSACHUSETTS

INDUSTRY KEYWORD: TECHNOLOGY DATA MANAGEMENT INTERNET SOFTWARE PROFESSIONAL SERVICES FINANCE HUMAN RESOURCES

SOURCE: H.I.G. Capital, LLC

Copyright Business Wire 2018.

PUB: 07/31/2018 06:00 AM/DISC: 07/31/2018 06:01 AM

http://www.businesswire.com/news/home/20180731005267/en

AP RADIO
Update hourly