4th October 2017
FPE, a growth private equity investor, announces that its portfolio company, Kallidus, a leading provider of learning and talent management solutions, has completed the acquisition of Advorto,with additional funding provided by FPE Capital and Royal Bank of Scotland.
Advorto provides software as a service (SaaS) recruitment technology and services to some of the UK's largest organisations including Lloyds Banking Group, NHS and TSB. Its recruitment software allows HR teams to manage the entire recruitment process, providing the necessary tools to reduce time to hire and overall recruiting costs. The acquisition also supports Kallidus’ next phase of growth as the combined Group will offer a complete SaaS end-to-end human capital management solution throughout the entire employee life cycle.
FPE invested in Kallidus in 2015 and has since supported the company in its development as it establishes itself as one of the UK’s fastest growing software companies that provides solutions to develop employees
Commenting on the transaction, Rob Caul, CEO of Kallidus, said: “Having previously worked together under a joint venture arrangement, we are very excited to have acquired Advorto. This acquisition brings together the two businesses to create a best-in-class human capital management software provider capable of supporting employee development from initial hire to high flyer. We are excited for this next stage in our development.”
Henry Sallitt, Managing Partner at FPE Capital LLP, commented: “We are delighted to support Kallidus at this point in the Group’s next stage of growth. The acquisition of Advorto completes an important strategic step in Kallidus’ development to become a leading independent SaaS provider of human capital management.”
Michael McClelland, CEO at Advorto, commented: “Kallidus has a tremendous brand, customer base and offering and we are delighted to be joining their team. Organisations are increasingly looking to simplify their people management processes and make them more effective with end-to-end solutions, and together with Kallidus we are really well placed to meet this need.”
Kallidus was advised on the transaction by Charles Russell Speechlys LLP, PKF & Software Improvement Group.
ENDS
For further information, please contact:
For Kallidus:
Rob Caul, CEO, Kallidus +44 (0)1285 883 900
For FPE:
Henry Sallitt, Managing Partner, FPE +44 (0)20 7036 5747
Mark Lunn, Director, MHP Communications +44 (0)20 3128 8827
For Advorto
Mike McClelland, CEO +44 (0) 20 7101 0330
FPE Capital LLP is a growth private equity investor into UK lower mid-market companies. It targets businesses with advantaged business models that offer significant growth potential in large markets undergoing structural change. It is authorised and regulated by the Financial Conduct Authority. www.fpecapital.com
Kallidus is an award-winning supplier of integrated SaaS learning, performance, 360, recruitment and talent management technologies, bespoke e-learning content and best-in-class curated e-learning content packages. Dedicated to customer excellence, Kallidus provides trusted learning and talent solutions and consultancy services to private and public sector organisations, including some of the world’s best-known brands like McDonald’s, O2, Transport for London and Eurostar, to help achieve business transformation and drive long-term performance success.
Advorto delivers talent recruitment solutions for some of the UK's largest organisations including Lloyds Banking Group, NHS and TSB. Its recruitment software allows HR teams to manage the entire recruitment process, providing the necessary tools to reduce time to hire and overall recruiting costs.