Arcoro Acquires InfinityHR to Further Expand HCM Offering

InfinityHR Adds Core HR, Benefits Management and Payroll to Arcoro’s End-to-End solution

DES MOINES, Iowa – October 1, 2018 –  Arcoro, a proven provider of human capital management (“HCM”) solutions for high consequence industries, announced today that it has acquired InfinityHR, an innovative leader in Human Capital Management. InfinityHR joins the existing Arcoro HCM platform companies of BirdDogHR and ExakTime and marks the third human resource (“HR”) software acquisition by Arcoro this year.  Arcoro, which is backed by Providence Strategic Growth Capital Partners L.L.C. (“PSG”), continues to fulfill its commitment to delivering integrated, easy-to-use HCM solutions for high consequence industries.

With the U.S. unemployment rate hovering at 3.9% according to the Bureau of Labor Statistics, hiring, managing and retaining great employees is a competitive endeavor that continues to be critical to business longevity and success. Arcoro understands that high consequence industries, including construction, engineering, manufacturing and healthcare, face these challenges in addition to their rigorous reporting requirements for compliance. Accordingly, the acquisition of InfinityHR brings core HR features, benefits management, payroll, Affordable Care Act reporting and other features that can be integrated seamlessly into the Arcoro solution.

“We are very excited to join Arcoro,” said Jeff Torczon, president and CEO of InfinityHR. “Arcoro has assembled a strong HR solution offering. We look forward to introducing our solution across the Arcoro family of companies and sharing the Arcoro solutions with our customers and strong partner network.”

“InfinityHR’s product suite is highly complementary to the current Arcoro product suite, and will further empower Arcoro’s customers with a highly integrated HCM solution with the breadth of capabilities they are looking for,” said PSG Managing Director Gopi Vaddi. “Their strong core HR software solution, support structure and partner network reinforces our go-to market strategy. We are very happy to have InfinityHR join our team, and very excited about the great cultural fit.”

“We are pleased to see InfinityHR joining the suite of Arcoro products,” said Todd Skokan, CEO of BirdDogHR. “We think the expanded core HR functionality will make Arcoro’s strong array of offerings even stronger.”

“We are looking forward to the expanded offering available through the Arcoro platform of products in the HCM space,” said Tony Bowden from Payroll Systems, an InfinityHR partner. “InfinityHR continues to be a leading partner for our customers, providing best in class core HR functionality, benefits management, ACA reporting and payroll functionality. Integrated talent management provided by BirdDogHR combined with ExakTime’s time and attendance platform will give us an opportunity to increase our HCM offerings all under the Arcoro brand.”

About Arcoro

Arcoro combines proven human capital management (HCM) software solutions designed to help high compliance and high consequence companies improve efficiencies, limit risk and build high-performing teams. With over 8,000 customers and 360,000 daily users in 20 countries around the world, Arcoro provides easy-to-use, cloud-based HCM software and services that are designed to give organizations the competitive edge needed to scale and grow effectively and efficiently. Visit us online at www.arcoro.com.

About BirdDogHR

BirdDogHR offers comprehensive talent management software and managed services — everything you need to guide the entire employee lifecycle. The cloud-based talent management system is straightforward and easy to use, so you can safely focus on implementing strategy — not learning new software or worrying it won’t keep up with changing regulations. Managed services operate as an extension of your HR department and deliver the expertise and focus you need. Organizations can see ROI in effective growth management, bottom line results and compliance peace of mind. BirdDogHR specializes in high-consequence and government contracting industries because they have unique needs. Companies from other industries can use the BirdDogHR talent management solution — and they do — but the solution is built with the most rigorous compliance needs in mind. BirdDogHR is a platform company for leading HCM provider, Arcoro. Visit us online at www.birddoghr.com.

About ExakTime

Founded in 1999, ExakTime is a 20-year leader in time and attendance tracking for construction and field services and the #1-selling system in North America. ExakTime’s cloud-based wireless, mobile, and rugged timekeeping solutions are easy to implement and use for any size company. Accurate digital time tracking and convenient payroll syncing streamlines operations, saving businesses time and money and ensuring they remain compliant. Easy access from any location and powerful reporting provide the insights businesses need to effectively manage their growing workforces. ExakTime is used daily by more than a quarter million workers in dozens of industries, in more than 20 countries. For more information, visit www.exaktime.com.

About InfinityHR

InfinityHR is an innovative leader in Human Capital Management. We cater to businesses of all sizes, providing solutions to help them manage, maintain, communicate, and automate employee and company-wide human capital management processes. With a proven track record, our powerful HR software solution provides comprehensive Human Capital Management, Benefits Management, Payroll, Compliance, Extensions, and an innovative Mobile App, in one completely integrated and secure system. This includes interfacing capability for both Payroll and Insurance Carrier systems, and links with hundreds of major partners. InfinityHR brings together the most essential HR tasks in one place, simplifying processes and allowing teams to get back to the work that matters most. For more information, please visit www.infinity-ss.com.

About Providence Strategic Growth

Providence Strategic Growth (“PSG”) is an affiliate of Providence Equity Partners (“Providence”). Established in 2014, PSG focuses on growth equity investments in lower middle market software and technology-enabled service companies, primarily in North America. Providence is a premier global asset management firm with approximately $60 billion in capital under management across complementary private equity and credit businesses. Providence pioneered a sector-focused approach to private equity investing with the vision that a dedicated team of industry experts could build exceptional companies of enduring value. Since the firm’s inception in 1989, Providence has invested in more than 160 companies and is a leading equity investment firm focused on the media, communications, education and information industries. Providence is headquartered in Providence, RI, and also has offices in New York and London. For more information on PSG, please visit http://www.provequity.com/private-equity/psg, and for more information on Providence, please visit www.provequity.com

ExakTime Announces majority investment by Providence Strategic Growth

Investment to fuel growth, expansion and the formation of Arcoro

ExakTime, a two-decade leader in digital time and attendance solutions for construction and field services, today announced it has reached an agreement for a majority investment by Providence Strategic Growth (PSG). PSG is the growth equity affiliate of Providence Equity Partners, a leading global equity firm with $50 billion in assets under management. Terms of the transaction were not disclosed.

Since its founding in 1999, ExakTime has been innovating game-changing workforce management solutions for construction and field services companies of all sizes. Now serving over 7,000 customers and 250,000 users daily, ExakTime equips businesses with a GPS-enabled app for field-based time and activity tracking and compliance verification, plus cloud-based software and direct syncing with accounting and payroll programs.

As a part of the overall platform strategy, PSG has created Arcoro Inc. Arcoro is the proven human capital management (HCM) software and services provider for high consequence industries and features the cornerstone companies of ExakTime and BirdDogHR, an integrated talent management solution for small and mid-size companies in construction and beyond.

“ExakTime has consistently maintained industry leadership in time and attendance management for over twenty years,” says PSG Managing Director Gopi Vaddi. “There is no better testament to their deep commitment to customer-centric product innovation, and to the human capital software marketplace. ExakTime is a perfect addition to Arcoro’s cloud-based HCM suite. We are excited to partner with the ExakTime team.”

The natural synergy between the Software as a Service (SaaS) offerings of ExakTime and BirdDogHR provides the highest-level customer experience to businesses seeking to streamline employee management operations, from the first touchpoint with new candidates to compliance sign-off and payroll processing. With over 8,000 customers in high consequence industries including construction, manufacturing, energy, home health care and manufacturing, ExakTime and BirdDogHR offer established solutions for maximizing workforce performance and efficiencies, building ROI and limiting the risk associated with human capital management.

Both companies will maintain their company names and brands but will now be known as part of the Arcoro family of human capital management solutions.

“ExakTime is very proud to be joining the group of businesses under the Arcoro Inc. umbrella,” said John O’Hara, president and CEO of ExakTime. “This will strengthen ExakTime’s stance in the market and ability to expand our offerings while also providing our customers with the best range of tools for all their human capital management needs. We are excited for the opportunity to be one of the cornerstone solutions in Arcoro’s proven suite of products.”

McGill Restoration, a building restoration business based in Omaha, Nebraska, utilizes both ExakTime’s and BirdDogHR’s services for their human capital management. “We’re happy that ExakTime and BirdDogHR are now part of the Arcoro group, because they work really well together,” says Blake Berke, CFO at McGill Restoration. “We rely heavily on both solutions to streamline our recruiting, hiring, employee tracking and payroll processes.” Manager of Human Resources Kim Roberts adds, “When I hire someone through BDHR I immediately onboard them into ExakTime. They go hand in hand. It’s a smooth process. Having the web-based reporting and custom reports from both systems at my fingertips is also invaluable.”

About ExakTime

Founded in 1999, ExakTime is the 20-year leader in time and attendance tracking for construction and field services and the #1-selling system in North America. ExakTime’s cloud-based wireless, mobile, and rugged timekeeping solutions are easy to implement and use for any size company. Accurate digital time tracking and convenient payroll syncing streamlines operations, saving businesses time and money and ensuring they remain compliant. Easy access from any location and powerful reporting provide the insights businesses need to effectively manage their growing workforces. ExakTime is used daily by more than a quarter million workers from dozens of industries in more than 20 countries. For more information, visit http://www.exaktime.com.

About BirdDogHR

BirdDogHR offers comprehensive talent management software and managed services — everything you need to guide the entire employee lifecycle. The cloud-based talent management system is straightforward and easy to use, so you can safely focus on implementing strategy — not learning new software or worrying it won’t keep up with changing regulations. Managed services operate as an extension of your HR department and deliver the expertise and focus you need. Organizations can see ROI in effective growth management, bottom line results and compliance peace of mind. BirdDogHR specializes in high-consequence and government contracting industries because they have unique needs. Companies from other industries can use the BirdDogHR talent management solution — and they do — but the solution is built with the most rigorous compliance needs in mind. To learn more, visit birddoghr.com and follow the company on LinkedIn, Twitter and Facebook.

About Arcoro Inc.

Arcoro combines proven Human Capital Management software solutions designed to help high compliance and high consequence companies improve efficiencies, limit risk, and build high-performing teams. With over 8,000 customers and 360,000 daily users in 20 countries around the world, the easy-to-use, cloud-based HR software and services are designed to give organizations the competitive edge needed to scale and grow effectively and efficiently. Visit us online at www.arcoro.com.

About Providence Strategic Growth

Providence Strategic Growth Capital Partners L.L.C. (“PSG”) is an affiliate of Providence Equity Partners L.L.C (“Providence”). Established in 2014, PSG focuses on growth equity investments in lower middle market software and technology-enabled service companies, primarily in North America. Providence is a premier, global asset management firm with $50 billion in capital under management across complementary private equity and credit businesses. Providence pioneered a sector-focused approach to private equity investing with the vision that a dedicated team of industry experts could build exceptional companies of enduring value. Since the firm’s inception in 1989, Providence has invested in more than 150 companies and is the leading equity investment firm focused on the media, communications, education and information industries. Providence is headquartered in Providence, R.I., and has offices in New York, London, Hong Kong, Singapore, and New Delhi. For more information on PSG, visit provequity.com/private-equity/psg and for more information on Providence Equity, please visit provequity.com.

BirdDogHR Secures Investment by Providence Strategic Growth and Joins Arcoro

PSG invests in hypergrowth HR platform to extend the BirdDogHR leadership position in talent management. BirdDogHR serves as a cornerstone company for Arcoro.

DES MOINES, Iowa – August 15, 2018 – BirdDogHR™, the leader in talent management solutions for the construction, engineering and skilled trades industries, has received investment by Providence Strategic Growth Capital Partners L.L.C. (PSG), an affiliate of Providence Equity Partners L.L.C . Todd Skokan remains the President and CEO of BirdDogHR. He, the BirdDogHR leadership team and all BirdDogHR employees will continue to grow the business, serve customers and deliver BirdDogHR integrated talent management software and services.

As a part of the overall platform strategy, PSG has created Arcoro. Arcoro is the proven human capital management (HCM) software and services provider for high consequence industries and features cornerstone companies BirdDogHR and sister company, ExakTime. ExakTime is a mobile, cloud-based solution for time and attendance tracking known for its ease and seamless integration with payroll. Both companies will maintain their company names and brands but will now be known as part of the Arcoro family of human capital management solutions.

The market is vehement for easy-to-use, cloud-based software. Both BirdDogHR and ExakTime are growing quickly and are leaders in their focus areas of integrated talent management and time and attendance respectively. With over 8,000 customers in high consequence industries, such as construction, energy, home health care and manufacturing, both companies understand and have established solutions to help companies maximize workforce performance and efficiencies, build ROI and limit the risk associated with human capital management. PSG, BirdDogHR and ExakTime company leaders see synergies in joining forces as Arcoro because customers from both companies can leverage new capabilities.

McGill Restoration, a building restoration business based in Omaha, Nebraska, utilizes both ExakTime’s and BirdDogHR’s services for their human capital management. “We’re happy that ExakTime and BirdDogHR are now part of the Arcoro group, because they work really well together,” says Blake Berke, CFO at McGill Restoration. “We rely heavily on both solutions to streamline our recruiting, hiring, employee tracking and payroll processes.” Manager of Human Resources Kim Roberts adds, “When I hire someone through BDHR I immediately onboard them into ExakTime. They go hand in hand. It’s a smooth process. Having the web-based reporting and custom reports from both systems at my fingertips is also invaluable.”

“This growth equity investment is a great testament to the strength of our team and the success of our customers. We are excited to join forces with PSG to expedite product innovation and ensure customer satisfaction. With this new investment in the company, the future is exciting at BirdDogHR and strong momentum will continue,” said Todd Skokan, President and CEO of BirdDogHR.

“BirdDogHR has had impressive success bringing enterprise grade talent management and compliance solutions to the high consequence industries where they matter most. The Company’s product suite helps its customers effectively nurture their workforces using industry-specific best practices.  We, at PSG, are thrilled to partner with Todd and his team, and welcome them to the Arcoro family,” said Gopi Vaddi, PSG Managing Director.

The BirdDogHR Talent Management System automates, simplifies and streamlines human capital management processes including recruiting, onboarding, performance management, learning and succession planning. Recruiting top talent is easy with a simple apply process and enhanced job distribution. Onboarding automates manual paperwork and gets employees on the job faster. Performance management, supported by learning opportunities, improves employee engagement. Finally, succession planning prepares employees for growth opportunities that keep them invested in the company. From start to finish the system is integrated, full featured and mobile-friendly. To see the system in action, schedule a demo online.

About BirdDogHR

BirdDogHR offers comprehensive talent management software and managed services — everything you need to guide the entire employee lifecycle. The cloud-based talent management system is straightforward and easy to use, so you can safely focus on implementing strategy — not learning new software or worrying it won’t keep up with changing regulations. Managed services operate as an extension of your HR department and deliver the expertise and focus you need. Organizations can see ROI in effective growth management, bottom line results and compliance peace of mind. BirdDogHR specializes in high-consequence and government contracting industries because they have unique needs. Companies from other industries can use the BirdDogHR talent management solution — and they do — but the solution is built with the most rigorous compliance needs in mind. To learn more, visit birddoghr.com and follow the company on LinkedIn, Twitter and Facebook.

About ExakTime

Founded in 1999, ExakTime is the 20-year leader in time and attendance tracking for construction and field services and the #1-selling system in North America. ExakTime’s cloud-based wireless, mobile, and rugged timekeeping solutions are easy to implement and use for any size company. Accurate digital time tracking and convenient payroll syncing streamlines operations, saving businesses time and money and ensuring they remain compliant. Easy access from any location and powerful reporting provide the insights businesses need to effectively manage their growing workforces. ExakTime is used daily by more than a quarter million workers from dozens of industries in more than 20 countries. For more information, visit http://www.exaktime.com.

About Arcoro

Arcoro combines proven human capital management (HCM) software solutions designed to help high compliance and high consequence companies improve efficiencies, limit risk and build high-performing teams. With over 8000 customers and 360,000 daily users in 20 countries around the world, the easy-to-use, cloud-based HCM software and services are designed to give organizations the competitive edge needed to scale and grow effectively and efficiently. Visit us online at www.arcoro.com.

About Providence Strategic Growth

Providence Strategic Growth Capital Partners L.L.C. (“PSG”) is an affiliate of Providence Equity Partners L.L.C (“Providence”). Established in 2014, PSG focuses on growth equity investments in lower middle market software and technology-enabled service companies, primarily in North America. Providence is a premier, global asset management firm with $50 billion in capital under management across complementary private equity and credit businesses. Providence pioneered a sector-focused approach to private equity investing with the vision that a dedicated team of industry experts could build exceptional companies of enduring value. Since the firm’s inception in 1989, Providence has invested in more than 150 companies and is the leading equity investment firm focused on the media, communications, education and information industries. Providence is headquartered in Providence, R.I., and has offices in New York, London, Hong Kong, Singapore, and New Delhi. For more information on PSG, visit provequity.com/private-equity/psg and for more information on Providence Equity, please visit provequity.com.