NEW YORK, NY – August 11th, 2025 – Netchex, a leading provider of cloud-based human capital management and payroll software, has announced its acquisition of Mesh.ai, an innovative AI-native performance management platform. Venero Capital Advisors acted as financial advisor to Mesh.ai on this transaction.
The acquisition represents a significant expansion of Netchex's capabilities in the rapidly growing performance management software market and strengthens the company's position as a comprehensive HCM solution provider. By integrating Mesh.ai's cutting-edge AI-powered performance tools into its platform, Netchex enhances its ability to deliver integrated talent management solutions that drive employee engagement and organizational performance.
Mesh.ai's performance management platform combines real-time coaching, AI-assisted feedback, and integrated goal tracking. The platform's sophisticated AI capabilities enable managers to provide structured, meaningful feedback and align individual performance with organizational objectives through automated insights and smart prompts.
The combination of Netchex's established HCM and payroll foundation with Mesh.ai's advanced AI-native performance management technology creates a more complete solution for organizations seeking to streamline their entire talent management lifecycle. Netchex customers will now benefit from enhanced performance management capabilities, including AI-guided 1:1 coaching, real-time feedback tools, and automated goal alignment.
About Mesh.ai
Mesh.ai is an AI-native performance management platform that transforms how managers coach, evaluate, and develop their teams. The platform leverages advanced AI to provide real-time guidance on feedback, goal setting, and performance conversations, while seamlessly integrating with widely-used enterprise tools including Salesforce, Jira, and Slack.
About Netchex
Netchex is a leading provider of cloud-based human capital management and payroll software solutions serving the small to medium-sized enterprise market. Founded in 2003, Netchex offers an integrated suite of HCM products including core HR, payroll, time and attendance management, benefits administration, talent management, and reporting and analytics. The company serves over 7,500 organizations across a range of industries.
In 2023, Netchex was acquired by GrowthCurve Capital, a private equity firm focused on leveraging data, analytics, and machine learning to accelerate growth. This partnership has enabled Netchex to enhance its AI capabilities and expand its market leadership in the HCM and payroll software space.
About Venero Capital Advisors
Venero Capital Advisors is an independent investment banking firm dedicated to technology and tech-enabled service businesses globally. The firm combines deep sector expertise with high-touch execution to help founders and investors achieve strategic transactions that align with their long-term ambitions. Our unmatched HR Tech and WorkTech M&A track record has made Venero the #1 ranked M&A advisor for HR Tech and WorkTech businesses globally.
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