CareerArc Nabs $30M Growth Round

As the only company offering both social recruiting and virtual outplacement solutions to the multi-billion dollar HR software market CareerArc helps organizations manage the two critical touchpoints in employment where an employer brand is tested and scrutinized – hiring new talent and transitioning employees out of the organization

This investment and the support of the team at PeakEquity Partners should allow us to accelerate our growth expand product offerings and strengthen our market position said Robin D Richards CareerArc CEO and Co-Founder PeakEquity has a broad set of strategic and operational experience that will be valuable as we continue to execute on our vision and take CareerArc to the next level ”

CareerArc provides a state-of-the-art HR software platform that enables enterprises to recruit talent transition their workforce and manage their employer brand more effectively The company founded in , will use the investment to fund an aggressive expansion plan to support product innovation and accelerate sales and marketing efforts

We believe this transaction will enable CareerArc to build on its long history of providing innovative HR technology solutions leverage its strong SaaS technology platform and continue to grow share in a multi-billion dollar addressable market said Ric Andersen Partner of PeakEquity

CareerArc combines social recruiting and virtual outplacement solutions to help thousands of organizations including many of the Fortune , maximize their employment brand CareerArc Social Recruiting solutions allow companies to connect with job candidates on social media by distributing open jobs across social channels creating and scheduling shareable social media content and tracking and measuring campaign results CareerArc Outplacement solutions enable organizations to prepare employees for their next career step through resume development tools skills assessments job matching and on-demand career coaching As the only company to offer both social recruiting and virtual outplacement solutions CareerArc provides HR leaders the critical tools to both amplify and protect their employment brand

We are excited to partner with the team at CareerArc for the next stage of their growth CareerArc has a seasoned executive team led by co-founders that have partnered together in their last three companies and have a 20-year working relationship said D J Andrzejewski Partner of PeakEquity We are backing a team with a history of innovation that we believe will capitalize on the company’s market opportunity to achieve accelerated revenue growth ”

CIO CTO amp Developer Resources

Robert Michalik Managing Director of founding lead investor Kinderhook Industries LLC said We are pleased to welcome PeakEquity Partners into the CareerArc family and believe with this substantial new insertion of capital that CareerArc will accelerate its market-leading position ”

About CareerArc
CareerArc http://www careerarc com is a leading HR technology company helping business leaders recruit and transition the modern workforce CareerArc social recruiting and virtual outplacement solutions help thousands of organizations including many of the Fortune , maximize their return on employer branding By leveraging the cloud running on modern infrastructure and combining web mobile and social media applications CareerArc helps companies gain a competitive edge in recruitment employment branding and outplacement CareerArc was founded in 2009 and has offices in Burbank CA and Boston MA

About Kinderhook Industries
Kinderhook Industries LLC http://www kinderhook com is a private investment firm that manages over $2 0 billion of committed capital We have made in excess of 200 investments and follow-on acquisitions since inception Kinderhook’s investment philosophy is predicated on matching unique growth-oriented investment opportunities with exceptional financial expertise and our proprietary network of operating partners Our focus is on middle market businesses with defensible niche market positioning in the healthcare services environmental / business services and automotive / light manufacturing sectors We have a track record of successfully and consistently building industry leaders

About PeakEquity Partners
PeakEquity Partners http://www peakequity com is a private equity firm focused on investments in software 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 market-tested 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 operating resources to help provide companies an edge in capturing market segment leadership and achieving revenue growth and margin objectives PeakEquity has offices in Radnor PA and New York NY

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