Making the Right Hire: Riverside Builds Out HR Software Platform
The Riverside Company, a global private equity firm focused on the smaller end of the middle market, has invested in Germany-based Evint, a workforce management software provider. The investment is an add-on to Riverside Europe’s GermanPersonnel (GP) platform. This is the platform’s second add-on, having invested in Compana, a German provider of recruitment software solutions in 2019.
Adding EVINT to the group is in line with the combined strategy of establishing the leading end-to-end workforce management platform focused on simplifying and accelerating the cooperation between both workforce service providers and end-customers.
“Today, workforce service providers and end-customers use many different stand-alone tools to collaborate, which creates significant inefficiencies,” said Riverside Partner Dr. Michael Weber. “With an end-to-end platform, these inefficiencies can be overcome, and the collaboration becomes more direct, easier and quicker.”
This is one more example of Riverside’s dedication to both its Software and IT Specialization. Riverside has completed more than 150 investments in this focus area and has a team of global experts dedicated to growing these companies.
Working with Dr. Michael Weber on the deal for Riverside were Principal Matthias Fink, Senior Associate Florian Halama, Senior Finance Executive Bernd Starrock and Operating Partner Julian Heerdegen.