Inverness Graham has acquired South Jordan, Utah-based SwipeClock, a provider of integrated workforce management software solutions. The seller was NexPhase Capital. No financial terms were disclosed. Twinbrook Capital Partners provided debt and equity funding to support this transaction. Paul Hastings LLP advised Inverness Graham while Raymond James & Associates served as financial adviser to SwipeClock.
Inverness Graham has acquired SwipeClock, a provider of cloud-based integrated workforce management software solutions that include automated time and attendance and advanced scheduling.
The Company’s products, which include TimeWorksPlus, TimeSimplicity, and TimeWorksTouch Intelligent Clock, are sold through over 850 partners to more than 26,000 businesses.
“We are excited to partner with the talented team at SwipeClock,” says Trey Sykes, Managing Principal of Inverness Graham. “The Company is well positioned with a purpose built, channel ready product and go-to-market strategy focused exclusively on its channel partners, which have traditionally been comprised of independent payroll providers, professional employer organisations, banks, and payroll software companies. We look forward to supporting the Company both organically and through strategic acquisitions to create an even more robust workforce management platform that enables our partners to have a stronger, deeper relationship with their end customers.”
Coleman Barney, CEO SwipeClock, says: “Our suite of integrated solutions empower our partners and their customers to optimize the management of their workforce, comply with critical federal, state, and local regulations and create stronger relationships with their employees. I’m enthusiastic about the partnership with Inverness Graham and look forward to expanding our unique set of solutions for our customers that solve the real issues faced by businesses in a variety of industries, from healthcare to manufacturing.”
Though terms were not disclosed, Twinbrook Capital Partners provided debt and equity capital to finance this transaction and Paul Hastings LLP advised Inverness Graham. Raymond James & Associates acted as the financial advisor to SwipeClock.
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