London, 18 August 2021 - Venero Capital Advisors acted as sole financial advisor to CURO Compensation, a global leader in pay equity and compensation management technology, in its acquisition by Payscale, the leading provider of compensation data, software and services. Payscale is backed by two leading technology-focused private equity firms, Francisco Partners and Insight Partners.
CURO helps employers maximize their talent investments by making fair, equitable and appropriate compensation decisions. Its software capabilities provide compensation professionals with the much-needed flexibility to perform complex statistical analysis, model out remediation scenarios and put pay equity at the forefront of hiring and promotion decision making. The addition of CURO’s products to Payscale’s offering enhance its end-to-end solutions for organizations to manage every part of their pay strategy.
Gerry O’Neill, CEO of CURO, said: “The combination of CURO and Payscale represents the perfect mix of aligning market leading compensation management and pay equity technology with the largest distribution team in the industry dedicated to the compensation management space. Being part of a larger organization provides an opportunity to further grow our company, and allows our talent to develop their skills in new ways to meet our customers’ current and future needs. The Venero team was instrumental in conducting a thorough competitive process and identifying the right acquirer and deal structure for Curo.”
Georgios Markakis, Managing Partner at Venero, stated: "We are thrilled to have advised CURO on this major milestone. By joining Payscale, CURO can help thousands of businesses manage compensation processes with confidence and align employee pay with business success."
Together, the combined company has become one of the largest providers of its kind in North America to help job seekers, employees and businesses get pay right. Payscale currently has 10,000 customers, including 53% of the Fortune 500, and prices 27 million jobs annually with $1.4 trillion in value across 198 countries.
The deal represents yet another successful WorkTech transaction for Venero Capital Advisors, the only international corporate finance advisory firm focusing exclusively on HR Tech and the Future of Work.
For enquiries, please contact:
Georgios Markakis, Managing Partner
About Venero Capital Advisors
Venero Capital Advisors offers tailored and independent investment banking services to businesses operating in HR Tech and the Future of Work sector. Our client relationships are built and carefully maintained on trust, discretion and dedication. We combine in-depth industry expertise with market leading advisory skills – delivered within a highly confidential and unconflicted framework. For more information, please visit www.venerocapitaladvisors.com.
To receive M&A and capital raising insights, deal announcements, research reports and news from Venero Capital Advisors, register here.