SwipeClock, a Salt Lake City, UT-based Software as a Service (SaaS) provider of time, attendance and workforce management software for small to mid-sized companies, received an investment from Moelis Capital Partners (MCP).
The founders and management of the company have also invested along with Moelis. In conjunction with the transaction, Greg Share, a Partner at MCP and Kurt Larsen, a Managing Partner, will join SwipeClock’s Board of Directors alongside MCP Executive Advisory Board member Ned Stringham.
The amount of the deal was not disclosed.
Led by Coleman Barney, Chief Executive Officer, SwipeClock provides a SaaS-based time, attendance and workforce management software for small to mid-sized companies, that is sold exclusively through payroll providers, professional employers organizations, administrative services organizations and Certified Public Accountants. The company licenses an online application with an array of features to accommodate the needs of thousands of employers across multiple industries. Features include employee self-service, daily auto email reports, paid time off accruals, Affordable Care Act compliance reports, and mobile access.
SwipeClock has approximately 750 reseller partners who use SwipeClock time and attendance solutions to service about 20,000 small and mid-sized companies with more than 625,000 employees.