CoreHR, a Cork, Ireland-based provider of human capital management and payroll software, received a strategic growth investment of undisclosed amount.
Backers included JMI Equity, a growth equity firm focused on investing in software and services companies, and JMI Services LLC, which is the family investment company of John J. Moores.
The company will use the proceeds to continue to expand across the U.K., Ireland, and other markets.
Led by John Goulding, CEO, and Sean Murphy, Executive Chairman, CoreHR provides cloud-based, enterprise HCM and payroll solutions, which delivers a fully integrated platform to manage both transactional and transformational HR for organisations that range from a thousand to several hundred thousand employees. The solution encompasses the entire employee lifecycle including recruitment and onboarding, payroll and compensation, as well as workforce and talent management.
Customers span a broad range of industries and include Amgen, Arcadia, Net-A-Porter, Pfizer, Primark, and the University of Oxford.
In conjunction with the investment, David Greenberg, General Partner of JMI Equity, Charles Noell of JMI Services, and Harry Gruner, JMI Equity Co-Founder and Managing General Partner, will join CoreHR’s Board of Directors. The founders of the company will retain significant ownership and along with the current management team will remain actively involved in the business.