Acadia Human Capital Solutions, a Columbia, SC.-based software company focused on strategic human resources, has been acquired by private company PMW Technologies in conjunction with a $5m round of venture capital financing.
The round, which is the company’s first institutional financing, was led by Intersouth Partners with participation by C&B Capital.
Acadia will relocate to Charleston, South Carolina, and will use the funds to develop the company’s technology into a comprehensive online solution that will expand Acadia’s current offering into six core areas critical to developing and motivating a company’s workforce:
– learning management,
– performance management,
– succession planning.
According to a statement, “these fully integrated capabilities will bring the power of high-end SHR systems to small and mid-sized business, giving them a cost-effective means to manage the entire employee lifecycle, from hire to retire”.