Bow River Capital 2019 Software Growth Equity Fund has completed a majority recapitalization of AbsenceSoft, a Denver, CO-based provider of software solutions for employers to manage FMLA, disability, ADA and other forms of absence leave.
The financial terms of the deal were not disclosed.
The funds will enable the company to accelerate growth, deliver on innovations within its product suite, and scale across every dimension.
Founded in 2013 and by Matt Brady, CEO, AbsenceSoft is a provider of cloud based leave management software solutions featuring compliance support for FMLA and all state leave laws, workflow management and analytics in a simple way that enables rapid adoption across all types of organizations.
The company’s current management team will continue to lead the organization following the deal.