PeakEquity’s third management-led software buyout; over $200 million of fund & co-investor equity invested in last 20 months
Radnor, PA, September 7, 2016 – PeakEquity Partners, a private equity firm focused on investments in Enterprise Software and Solutions companies, today announced that it led the acquisition of Valiant Solutions, Inc. (“Valiant” or the “Company”), a leading provider of Human Capital Management (“HCM”) solutions. Valiant’s solutions are delivered in a state of the art Software as a Service (“SaaS”) platform which powers a suite of integrated Payroll, Time & Labor Management and Human Resources products.
According to Paul Winn, Co-Founder and Partner of PeakEquity Partners, “This transaction will enable Valiant to build on its long operating history of providing vertically focused HCM solutions by leveraging its multi-tenant SaaS technology platform across multiple industries to accelerate growth and continue to grow share in a large multi-billion dollar annual market.”
Valiant currently provides multi-tenant SaaS platform based Payroll, Time & Labor Management and Human Resources solutions to businesses that manage salaried, hourly and distributed workforces of 50 to 10,000 employees. Valiant’s initial market focus was primarily serving the hospitality and security vertical industries where the Company now has deep domain expertise, a strong customer base and acceptance of its client focused offerings and service programs. Valiant’s SaaS platform is highly configurable to integrate complex industry specific workflows and promotes a differentiated Application Programming Interface (“API”) for effectively integrating into various client environments. Valiant currently serves over 1,200 clients.
“We are excited to partner with the team at Valiant for the next stage of their growth. Valiant is led by a founder and CEO who has 30+ years of HCM experience and a management team that has 100+ years of collective HCM experience.” said Ric Andersen, Partner of PeakEquity Partners. “We are backing a team that can capitalize on the Company’s differentiated technology platform and market opportunity to achieve accelerated and sustainable revenue growth”.
Valiant, headquartered in Woodbury, NY, has significant momentum in the hospitality and security industries in the United States. The Company also has presence in several other industries including government contracting, property management, healthcare staffing and parking facility management and other geographies including Puerto Rico, U.S. Virgin Islands and Canada.
"The individual partners at PeakEquity have a broad set of operational and financial experience in building sustainable high growth software companies,” said Anthony Petraco, Founder and CEO of Valiant. "I am excited to work with the PeakEquity team as we leverage their experience to take Valiant to the next level and execute against our vision of being the leading provider of HCM solutions globally."
Valiant marks PeakEquity’s third subscription-based, recurring revenue software investment made in the past 20 months. PeakEquity has invested over $200 million on behalf of PeakEquity and its co-investors during that timeframe with $50 million invested on behalf of PeakEquity Partners I, L.P. Delancey Street Partners, LLC acted as the exclusive financial advisor to Valiant in this transaction.
About Valiant Solutions
Valiant Solutions, Inc. (www.valiant.com) is a leading provider of cloud-based Human Capital Management solutions. Valiant’s HCM suite includes Payroll, Time & labor Management and Human Resources solutions. Valiant’s comprehensive, easy-to-use SaaS platform and suite of products are designed specifically to meet the unique needs of companies with a large hourly workforce. Clients using Valiant’s HCM solutions realize verifiable cost savings and margin improvements while automating and streamlining operations, increasing efficiency and implementing best practices across their organizations.
About PeakEquity Partners
PeakEquity Partners (www.peakequity.com) is a private equity firm focused on investments in Enterprise Software and Solutions companies. The principals of PeakEquity Partners have extensive experience as investors and operating executives in multiple market sectors. The firm invests in businesses that have large addressable markets, proven technology, products and offerings, and demonstrated traction with a meaningful base of reference-able customers. PeakEquity invests in companies with revenues of $15 to $50 million that have the potential for annual revenue growth in excess of 30%. PeakEquity can invest $20 to $50 million or more per portfolio company and will take minority or majority positions. The firm leverages and provides access to extensive operating resources to provide companies an edge in capturing market segment leadership and achieving revenue growth and margin objectives.
Contact information for PeakEquity Partners is as follows:
Address: 555 East Lancaster Ave. Suite 500. Radnor PA, 19087