|[January 22, 2013]
JobApp Secures Growth Investment from Frontier Capital
DENVER --(Business Wire)--
JobApp, the leading software-as-a-service (SaaS (News - Alert)) provider for recruiting
and talent management systems specializing in hourly and decentralized
workers, today announced it has received a substantial investment from Frontier
Capital and executive management. The transaction validates JobApp's
leadership position in this hyper-growth industry.
"Frontier Capital invests in and partners with established, growth-stage
companies with strong management teams, defensible business strategies
and technology platforms to scale and grow market share," said Michael
Ramich, Partner, Frontier Capital. "We have deep
experience helping SaaS companies at JobApp's stage scale rapidly,
and are excited to back John, Dave, and the JobApp team to capitalize on
the many opportunities we see for the company."
Known for its innovative and purpose-built software platform, a culture
of client alignment and success, and deliverin rapid business results,
JobApp is recognized to have the industry's largest installed base for
hourly workers. Its rapidly growing base of clients span multiple
industry segments that include retail, quick-serve restaurants and
franchisees, convenience stores and travel centers, hotel and
hospitality, grocery, health care, and manufacturing and distribution
companies. Industry research provider IDC (News - Alert) projects that the human
capital management applications market will grow to $11 billion in 2016
from $7.5 billion in 2011, an 8% compound annual growth rate.
"We are excited to partner with Frontier Capital to build another
world-class human capital management company. Frontier's track record of
helping accelerate the growth of SaaS-based software companies while
helping them expand into new markets aligns perfectly with our vision
and track record," said John Raeder, CEO of JobApp.
investment closed in the fourth quarter of 2012. Montgomery and Co.
acted as financial advisor to JobApp. Womble Carlyle Sandridge & Rice,
LLP provided legal counsel to Frontier Capital.
About Frontier Capital
Frontier Capital is a Charlotte-based growth equity firm focused
exclusively on technology enabled business services. Founded in 1999,
Frontier partners with management teams that can benefit from capital to
accelerate growth, fund acquisitions or generate shareholder liquidity.
We make minority and majority equity investments in high growth
companies and have built an excellent track record of delivering returns
to both our investors and management partners. For more information,
please visit www.frontiercapital.com.
JobApp is the leading provider of recruiting and talent management
systems specializing in hourly and decentralized workers. JobApp's
robust platform improves candidate sourcing, accelerates time-to-fill
metrics, improves quality benchmarks, improves turnover reduction by
25-100% and ensures compliancy. Many leading brands including Burger
King, Taco Bell, Applebee's, Denny's, Carl's Jr., Hardee's, Checkers &
Rally's, Quick Chek, Travel Centers of America and Churchill Downs
Racetrack and Casino use JobApp's technology and services to establish
and sustain their strategic operations and human resources objectives.
JobApp Network is now JobAppPlus! For more information, visit www.JobAppPlus.com
[ Back To Technology News's Homepage ]