CANTON, Ohio – July 25, 2019 –Patriot Software Company, nationally known for cloud-based accounting and payroll software, announced the sale of its recruiting software subsidiaryTop Echelon Network, LLC(Top Echelon) in ajoint press releasethis week.
Top Echelon, a leading provider of applicant tracking system (ATS) and split-placement network software, has been acquired bySageLink Capital，一家领先的投资公司专注于企业软件和支持技术的企业。收购后，该公司被重新命名为“ Top Echelon Software，LLC”。
This transformational partnership combines Top Echelon’s storied 30+ years of deep industry focus and award-winning technology platform with the team at SageLink’s successful track record helping software companies grow. SageLink’s investment will provide resources to invest in growth, add-on acquisitions, and strengthen its technology offerings to position the company for market expansion and consolidation.
In conjunction with the Top Echelon transaction, Mike Robertson from SageLink Capital, Bo Ramsey from Pendyne Capital, and Mike Kappel from Patriot Software will join the Board of Directors.
“这种伙伴关系是顶级梯队故事的令人兴奋的下一章，” Top Echelon的Patriot Software的创始人兼首席执行官Mike Kappel说。vwin彩票开户“此次收购证明了顶级梯队的软件，系统和员工的质量。看到另一家主要的软件公司在俄亥俄州的坎顿出生，这尤其令人兴奋。Sagelink为桌子带来了额外的技术深度和财务实力，以确保顶级梯队能够在很长一段时间内帮助招聘人员。”
This strategic divestiture bolsters Patriot Software’s balance sheet and positions the Company to become an investment “pure play.” According to Kappel, “The transaction enables Patriot to devote 100% of its energies on perfecting its accounting and payroll SaaS platform to further eliminate pain points that every American small business and their advisors experience.”
“Patriot has self-invested over 300 man-years into refining its accounting and payroll SaaS products,” said Mike Wheeler, Patriot’s President and Chief Legal Officer. “After a successful stock offering under Regulation D, Rule 506(c), Patriot Software is poised to consider a Series A investment as it now services ~24,000 American small business customers, maintains extremely high customer ratings, and is scaling quickly in the U.S. market.”
ABOUT PATRIOT SOFTWARE
Patriot Software, located in Canton Ohio, provides online accounting and payroll software for small businesses. For information on all of Patriot’s products servicing the United States, contact Patriot Software, LLC at 877-968-7147, or visitwww.basecept.com.
ABOUT TOP ECHELON NETWORK
Top Echelon Network is a privately held provider of applicant tracking system (ATS), recruiting, and split placement network software. The Company’s products include automation and workflow management of the talent acquisition process (Big Biller) and Top Echelon Network, a SaaS offering that provides recruiters a network platform where they share candidate and job order information online to allowing one recruiter to provide the candidate for another recruiter’s job order. Top Echelon Network’s software helps its customers attract and retain talent, match workers’ skills to business needs and staffing clients’ objectives, and reduce the time and costs associated with processes. Founded in 1988, Top Echelon has grown to serve more than 1,700 customers. The Company is headquartered in Canton, Ohio. For more information, visitwww.topechelon.com.
ABOUT SAGELINK CAPITAL
SageLink Capital is a leading independent sponsor focused on investing in medium-sized, growing businesses. SageLink has a keen interest in software, technology-enabled service, and business service companies in the U.S. and Canada. The firm focuses on middle-market companies and provides a range of capital solutions including capital for buyouts, growth initiatives, and add-on acquisitions. SageLink’s investments are for the long-term and are focused on growth. The firm is headquartered in Denver, Colorado. For more information, visitwww.sagelinkcapital.com.
Contact: Patriot Software, LLC
迈克尔·惠勒
mwheeler@patriotsoftware.com
877-968-7147