FOR IMMEDIATE RELEASE Contact: Susan Truskey
Phone: 866.953.8800, ext. 712
Compensation Management Leader, HRsoft, Secures Financing to Keep Pace with Rapid Growth
New Capital to Support Rapid Year-Over-Year Growth
Maitland, FL and Blue Bell, PA – January 8, 2020 – HRsoft, the trusted leader in enterprise Compensation Management software, has recently secured a new round of capital. The financing was led by Rittenhouse Ventures, an emerging growth venture fund that invests in innovative business-to-business software companies in the Mid-Atlantic region. This comes at a key time for HRsoft, as it continues to experience rapid growth and sharply increasing demand for its products.
“We are on a steep growth trajectory right now as enterprise clients across the US and Canada become aware of the significant ROI that can be achieved by moving the merit, short-term, and long-term incentive plan administration to a robust, cloud-based solution. Rittenhouse Ventures will be an excellent partner to help fuel our continued growth,” said David Kennedy, CEO of HRsoft. “The team at Rittenhouse has domain expertise and deep knowledge of the needs of growing B2B SaaS businesses. They were the obvious choice for us. We look forward to deepening our