Teamwork was at the heart of our most recent successful exit – the sale of portfolio company Celergo to global Human Capital Management solutions provider ADP.
Celergo’s solution offers multi-country payroll in 150 countries and combines a proprietary cloud-based technology platform with a local provider network to enable timely, accurate, and compliant payroll. The $3 billion multi-country payroll outsourcing market is growing rapidly amid complex cross-border compliance rules and an expanding global workforce.
“The trusting relationship we built with our partners at Frontier and the support they offered – both financially and strategically – were key to Celergo becoming the industry pacesetter.” – Michele Honomichl, Celergo Founder
We have been proud to support Founder and Executive Chairman Michele Honomichl and Chief Executive Officer Tim Callahan in their successful effort to build a leading multi-country payroll solutions platform. At all levels of the organization, Celergo worked together with determination and hard work to build a company we are proud of – a leader among global payroll solutions platforms.
Celergo’s leadership and their team have been a pleasure to work with throughout our investment and we believe the Celergo platform will be a huge asset for ADP going forward.
Next News Post
We are pleased to announce our majority growth equity investment in MediaPRO Holdings, a SaaS-based provider of security, privacy, and compliance awareness training solutions. In addition, we are excited to welcome Tyler Winkler to lead the company as CEO. MediaPRO’s platform enables organizations of all sizes to analyze, plan, train, and reinforce…