CIPHR operates in the fast-growing human capital management (HCM) market and the transaction marks an exit for LDC following four-year partnership.
ECI Partners, the leading growth-focused mid-market private equity firm, has invested in CIPHR, a leading UK provider of HCM software solutions. The investment will support CIPHR to accelerate its ambitious growth and development plans.
The transaction provides an exit for LDC who invested in CIPHR in 2016. During its partnership with LDC, CIPHR invested in product development and completed four strategic acquisitions, expanding CIPHR’s offering beyond HR to also include recruitment, learning and payroll solutions through the CIPHR Connect HCM platform. Between 2016 and 2020 CIPHR invested heavily, doubling its headcount, driving a compound annual revenue growth of over 25%.
CIPHR is a specialist provider of Software-as-a-Service (SaaS) HR, payroll, recruitment and learning software which connects businesses with their employees via an online platform, CIPHR Connect.
The business’ marketplace offering allows its proprietary HR software to be integrated with customers’ existing tools, taking the strain out of HR admin and improving data accuracy. CIPHR supports 300,000 employees across 50 countries globally, with customers including the Met Office, Natural History Museum and Volkswagen.