Summit Partners Makes Investment In PeopleAdmin

Austin, TX - PeopleAdmin, Inc., a leading provider of on-demand human resources software and solutions for higher education and public sector organizations, announced recently that it has received an investment from Summit Partners, a private equity and venture capital firm that has raised more than $11B since inception.

Founded in 2000, PeopleAdmin delivers a suite of human resources (HR) modules that provides applicant tracking, position description, and performance management systems designed to fulfill the unique requirements of higher education and public sector organizations. PeopleAdmin's solutions are fully hosted using a Software-as-a-Service (SaaS) model that ensures quick implementation, eliminates paper and manual tasks, improves efficiency and service levels, and supports HR compliance initiatives.

Nearly 500 leading higher education and public sector organizations throughout North America use PeopleAdmin HR modules. PeopleAdmin has a diverse customer base that spans more than 45 states and includes city, county and state governments, colleges and universities, and research focused non-profit organizations. Some of PeopleAdmin's prominent customers include the City of Austin, the Commonwealth of Virginia, Dartmouth College, Princeton University, The Scripps Research Institute, University of Chicago, University of Notre Dame, University of Oklahoma, University of Pennsylvania, and Wake Forest University.

Jeff Carpenter, Cofounder and CEO of PeopleAdmin, said, "From the inception of PeopleAdmin, we have experienced tremendous growth as we have successfully launched new products and entered new markets. Teaming up with Summit Partners will provide our company with additional support as we expand our product offering and customer base." Jack Long, Chairman of the Board, added, "Summit's knowledge of the industry and long history of partnering with growing software companies will be invaluable to our organization."

"Jack Long and Jeff Carpenter have built an impressive company in PeopleAdmin. The high retention rate of PeopleAdmin's customers in a market that demands excellence is a testament to the quality and value of the solutions they offer," said Jason Glass, a Vice President at Summit Partners. "We are pleased to partner with such an outstanding management team and look forward to supporting the company as it continues to grow."

Jack Long and Jeff Carpenter will continue as Chairman and CEO. As part of their growth strategy, they plan to add more senior executive talent while enhancing the company's reputation for excellent customer service.

SOURCE: PeopleAdmin, Inc.