F.W. Davison & Company Receives Minority Investment from Accel-KKR

F.W. Davison & Company, a Framingham and Plymouth, Massachusetts-based provider of software solutions for the Professional Employer Organization (PEO) and Administrative Service Organization (ASO) industries, received a minority growth equity investment from Accel-KKR.

In conjunction with the investment, Greg Williams, managing director at Accel-KKR and David Cusimano, vice president at Accel-KKR, will join F.W. Davison & Company’s board of directors.

The company intends to use the funds to enhance product features and technology capabilities of HRPyramid and expand its customer support and service operations.

Founded in 1985 by Frederick Davison, Chief Executive Officer, F.W. Davison & Company creates enterprise software solutions for the Human Resource Outsourcing (HRO) industry, including Professional Employer Organizations (PEO) and Administrative Service Organizations (ASO), service worksite clients and employees. The HRPyramid service delivery platform features tools to facilitate payroll processing, benefits and human resources administration, billing, account management, new hire onboarding and online benefits enrollment.

FinSMEs

26/09/2014

 

 

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