Greenshades Software, a Jacksonville, Florida-based provider of payroll tax and human capital management (“HCM”) information and software solutions for mid-sized businesses with deep integrations into leading middle market ERP platforms, received a strategic investment from SFW Capital Partners.
The amount of the deal was not disclosed. In conjunction with the investment, Omair Sarwar, a Partner at SFW, will be joining Greenshades’ Board of Directors.
The company intends to use the funds to expand its product portfolio, enhance its sales and marketing capabilities, access new markets, and accelerate its growth and development.
Co-founded by David Rosas and Matt Kane, Greenshades provides payroll tax and human capital management information and software solutions with deep integrations into mid-market ERP platforms such as the Microsoft Dynamics portfolio of products, amongst many others.
In addition, the company has developed a portfolio of cloud-based HCM solutions that drive a range of critical employee management and engagement workflows (compensation, time tracking, benefits, on-boarding and more) for its customers.
Customers include more than 4,000 mid-sized businesses that employ approximately 3 million people across the United States.