Frontier Capital Invests in JobApp

Frontier Capital has backed JobApp. The company is a software-as-a-service (SaaS) provider for recruiting and talent management systems of hourly and decentralized workers.

PRESS RELEASE

Frontier Capital is pleased to announce its recent investment in JobApp, the leading software-as-a-service (SaaS) provider for recruiting and talent management systems of hourly and decentralized workers. In connection with the transaction, Human Capital Management industry veterans John Raeder and Dave Walters have joined to lead the company as CEO and COO, respectively. Known for its innovative and purpose-built software platform, JobApp is recognized to have the industry’s largest installed base for hourly workers. Its rapidly growing base of clients span multiple industry segments including retail, quick-serve restaurants and franchisees, convenience stores and travel centers, and hotel and hospitality companies. Frontier’s investment will support JobApp’s next phase of growth.

About Frontier Capital: Frontier Capital is a Charlotte-based growth equity firm focused exclusively on technology enabled business services. Founded in 1999, Frontier partners with management teams that can benefit from capital to accelerate growth, fund acquisitions or generate shareholder liquidity. We make minority and majority equity investments in high growth companies and have built an excellent track record of delivering returns to both our investors and management partners. For more information, please visit FrontierCapital.com.
Investment Criteria:
• Technology and software enabled business services
• $5 million to $25 million equity investments
• $5 million to $30 million in revenue
• 20%+ annual revenue growth rates
• 35%+ gross margins and proven profitability
• Seeking minority or majority growth investments

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