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EQT Acquires Leading SaaS Talent Solutions Provider PageUp to Accelerate Global Expansion and Product Innovation

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PageUp will leverage EQT’s expertise to accelerate international expansion and drive product innovation in talent management software.EQT’s investment builds on PageUp’s strong track record of expansion through organic growth and strategic acquisitions.The partnership reinforces EQT’s commitment to supporting high-growth software businesses in Asia Pacific and international markets.

STOCKHOLM, Oct. 31, 2024 /PRNewswire/ — EQT and PageUp Group today announced that EQT, a purpose-driven global investment organization, has acquired Australian-founded PageUp, a global leader in SaaS talent acquisition, recruitment marketing, and talent management solutions from existing majority owners, Battery Ventures.

The deal will enable PageUp to leverage EQT’s deep expertise in scaling high-growth global technology businesses to capture greater opportunities in the talent management software space, accelerate its international expansion, and enhance product innovation.

Founded in 1997, PageUp now delivers its cutting-edge talent acquisition and recruitment marketing software to top-tier corporates, universities, hospitals, and public-sector customers worldwide via offices in Australia, North America, and Europe. PageUp’s product suite powers the end-to-end talent management of global brands such as Flight Centre Travel Group, Ramsay Healthcare Australia, Bank of Ireland, Boston Medical Centre, and University of North Texas Systems.

EQT’s investment, through its BPEA Fund VIII (“EQT Private Capital Asia”), builds on PageUp’s operating momentum in achieving substantial organic and acquisition-led growth in recent years. This has included the acquisitions of Clinch in 2019 and eArcu and PathMotion in 2021. With EQT’s investment and strategic backing, PageUp will accelerate its expansion into priority international markets and deepen its offering in key sectors and verticals.

PageUp represents EQT’s latest investment in the Human Capital Management (“HCM”) software sector, which it views as an attractive and dynamic segment as HR professionals leverage technology to meet the challenges of attracting and retaining an evolving global workforce. PageUp adds to EQT’s global portfolio of investments in HCM software businesses across strategies, which includes Peakon, Unmind, Hume, Sana Labs, and HRBrain.

The investment further builds on EQT’s experience supporting market-leading Asia Pacific-based software businesses to capture global market opportunities. EQT will work with PageUp to construct a board of HR technology veterans from members of EQT’s industrial advisor network, pursue targeted inorganic growth opportunities in key markets worldwide, and accelerate the company’s AI product roadmap with help from EQT Digital.

Nicholas Macksey, Partner in the EQT Private Capital Asia advisory team, said: “PageUp’s impressive track record of innovation and growth makes it a standout leader in the talent management space. We are excited to partner with PageUp at this defining moment for the company. We look forward to leveraging EQT’s global reach and sector expertise to accelerate PageUp’s international expansion and amplify its product innovation, particularly in dynamic, high-growth markets. As the human capital management landscape rapidly evolves, we are committed to helping PageUp unlock new opportunities for its clients worldwide. This investment reinforces EQT’s strength in supporting software businesses that align with our core investment themes, allowing us to apply our deep expertise to foster innovation and drive impact in key industries.”

Following the successful completion of the transaction, Mark Rice has announced his intention to retire as CEO of PageUp. Over 13 years (initially as COO/CFO and as CEO for the last six years), Mark has led the Group’s dynamic and profitable growth and driven its international expansion both organically and through several successful acquisitions.

Commenting on the successful acquisition and his decision to retire as CEO, PageUp Group’s outgoing CEO Mark Rice said: “EQT’s investment is a ringing endorsement of our business and the significant opportunities for market and product expansion ahead. After 13 years leading the business, and with EQT’s investment now secured, I have decided that now is the right time for me to retire as CEO, safe in the knowledge the company I have helped build is in safe hands. I am immensely proud of what we have accomplished at PageUp as a team and this decision was made easier knowing the business is well-positioned with supportive partners for its next phase of growth.”

Mark will oversee a transition period with incoming CEO Eric Lochner. Eric has over 25 years of leadership experience scaling SaaS companies globally, most notably HR Tech companies Kenexa, Achievers, and Careerbuilder.com. Eric Lochner said: “Under Mark’s stewardship, PageUp has gone from strength to strength. I am delighted to have accepted the opportunity to step into the CEO role and look forward to working with our new partners in transforming our clients’ hiring experiences and empowering individuals to find opportunities where they are happy, engaged, and fulfilled. With EQT’s expertise and support, we’ll accelerate our strategy with increased focus on customer experience and innovation, including the continued integration of responsible AI to rapidly evolve our platform and enhance the automation of talent management.”

William Blair acted as the exclusive financial advisor to PageUp Group on this transaction. Barclays and Barrenjoey acted as the exclusive financial advisor to EQT on this transaction. 

With this transaction, BPEA Private Equity Fund VIII is expected to be 80-90 percent invested (including closed and/or signed investments, announced public offers, if applicable, and less any expected syndication) based on target fund size and subject to customary regulatory approvals.

The information contained herein does not constitute an offer to sell, nor a solicitation of an offer to buy, any security and may not be used or relied upon in connection with any offer or solicitation. Any offer or solicitation in respect of BPEA Private Equity Fund VIII will be made only through a confidential private placement memorandum and related documents which will be furnished to qualified investors on a confidential basis in accordance with applicable laws and regulations. The information contained herein is not for publication or distribution to persons in the United States of America. Any securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), and may not be offered or sold without registration thereunder or pursuant to an available exemption therefrom. Any offering of securities to be made in the United States would have to be made by means of an offering document that would be obtainable from the issuer or its agents and would contain detailed information about the issuer of the securities and its management, as well as financial information. The securities may not be offered or sold in the United States absent registration or an exemption from registration.

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EQT Press Office, press@eqtpartners.com

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Amid Rising Costs, XRP Healthcare Prescription Savings Card Making a Difference at 68,000 Pharmacies Across America: A Game-Changer for Individuals and Organizations Alike

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DUBAI, UAE, Oct. 31, 2024 /PRNewswire/ — Amid rising costs in the U.S., the XRP Healthcare Prescription Savings Card is providing Americans with much-needed relief on medication expenses. Accepted at over 68,000 pharmacies, including major chains like Walmart, Walgreens, and CVS, the card offers savings of up to 80% on prescriptions and over-the-counter medications, free to download on the XRPH app with no hidden fees or subscription costs.

 

While not a complete solution for financial pressures, the card delivers meaningful savings on repeat medications, especially for those managing chronic conditions like diabetes, high blood pressure, and mental health.

“With financial pressures mounting, our Prescription Savings Card offers a simple, no-cost solution to help families reduce their prescription expenses,” says Kain Roomes, CEO of XRP Healthcare.

Supported by AI-driven guidance through the XRPH app, users can access reliable healthcare information and personalized insights. This digital platform ensures access to trusted advice on managing health concerns affordably, bridging a critical gap in healthcare.

Since launching in 2022, XRP Healthcare has successfully delivered on each phase of its growth roadmap, making significant strides in enhancing healthcare access.

Entering the final quarter of 2024 with strong momentum, XRP Healthcare is set to close the year with impactful mergers and acquisitions in underserved markets like Uganda, furthering its mission to improve healthcare access in emerging regions.

This growth positions the company as a leader in delivering cost-effective healthcare solutions to both established and developing markets.

“Expanding into Uganda represents a pivotal step toward our vision of a truly global healthcare ecosystem,” adds COO Laban Roomes, with a focus on strengthening affordable healthcare options in underserved markets.

 

About XRP Healthcare

XRP Healthcare is the first pharma and healthcare platform built on the XRP Ledger, leveraging blockchain and AI to transform access to affordable healthcare globally. Headquartered in Dubai, UAE, and Uganda, XRP Healthcare offers solutions like the Prescription Savings Card and an AI-powered chatbot, aimed at making healthcare accessible worldwide. The company’s token, XRPH, is paired with USDT and listed on multiple reputable CEX exchanges, driving innovation in the digital and healthcare sectors.

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View original content:https://www.prnewswire.co.uk/news-releases/amid-rising-costs-xrp-healthcare-prescription-savings-card-making-a-difference-at-68-000-pharmacies-across-america-a-game-changer-for-individuals-and-organizations-alike-302291875.html

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Global Times: 15 years on, China’s Nasdaq-style ChiNext board drives innovative economic growth

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BEIJING, Oct. 31, 2024 /PRNewswire/ — Wednesday marked the 15th anniversary of the ChiNext board, a Nasdaq-style board for growth enterprises in China, which opened for trading on October 30, 2009. After 15 years of rapid growth, the board has become an important incubator for the development of high-quality private enterprises, and it vigorously propels innovative economic development and industrial upgrades.

As of Wednesday, 1,358 companies from a wide range of sectors including advanced manufacturing, the digital economy, and the green and low-carbon sectors had gone public on the ChiNext, and their total market capitalization exceeded 12 trillion yuan ($1.68 trillion), the Securities Daily reported.

In the past 15 years, the ChiNext board has nurtured quality high-tech companies that have showcased strong innovation capability and growth momentum, and they became important innovation engines driving the country’s high-quality economic growth in the new era, Yang Delong, chief economist at Shenzhen-based First Seafront Fund, told the Global Times on Wednesday.

At present, there are more than 1,000 private enterprises listed on the ChiNext board, which has become an important incubator for the development of high-quality private companies. Many enterprises have gained tangible benefits after listing on the board, and they have strong expectations for the development of the board.

Since going public on ChiNext in June 2018, Contemporary Amperex Technology Co., Ltd (CATL), a leading battery maker, has raised nearly 70 billion yuan from investors and issued 4.5 billion yuan in corporate bonds. A private placement completed in 2022 remains the largest ever on the board, which underscores the strong support of China’s capital markets for the development of CATL, the company told the Global Times on Wednesday.

Over the years, the ChiNext board has played the role of a “test field” for China’s capital market development. It has conducted institutional trials and innovations that better conform to the development characteristics of innovative and growth enterprises, accumulating reform experience for the capital market, Yang noted.

“The rapid development of the ChiNext board has been a highlight in the construction of a multi-layered capital market in China,” Yang said, noting that the ChiNext board greatly enhances the capability of China’s capital market to serve the new economy.

“The ChiNext board witnessed the leapfrog development of innovative enterprises over the past 15 years,” a spokesperson of Chinese medical device company Shenzhen Mindray Bio-Medical Electronics Co., Ltd, told the Global Times on Wednesday.

It is hoped that the ChiNext board can accelerate the building of a market, product and institutional system that accommodates the development of innovative growth enterprises, contributing to the development of new quality productive forces, the spokesperson said.

China’s top securities regulator is studying and drawing up action plans to further deepen capital market reform, Wu Qing, chairman of the China Securities Regulatory Commission (CSRC), said at the Annual Conference of Financial Street Forum 2024 in Beijing on October 18.

On aiding the development of new quality productive forces, the CSRC will focus on supporting high-quality innovative enterprises, enhancing the inclusiveness and adaptability of the system, and reforming and optimizing the issuance and listing system, Wu said.

 

View original content:https://www.prnewswire.com/news-releases/global-times-15-years-on-chinas-nasdaq-style-chinext-board-drives-innovative-economic-growth-302292444.html

SOURCE Global Times

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ACE and Egyptian Authorities Shut Down Major Live Sports Piracy Ring

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Livehd7 Network Gave Users Illicit Access to Live Sports, Drawing More Than 17 Million Monthly Visits

LOS ANGELES, Oct. 31, 2024 /PRNewswire/ — Egyptian authorities collaborated with the Alliance for Creativity and Entertainment (ACE), the world’s leading antipiracy coalition, to shut down a notorious sports piracy network that illegally streamed live football/soccer matches to audiences around the world.

This action is the latest in a series of takedowns in the Middle East and North Africa (MENA) region. In recent months, ACE has worked with local MENA authorities to shutter unlawful streaming operations. Major takedowns include Laroza, formerly the largest piracy site in the MENA, taken down last month; Cima4U, which operated nearly 500 illegal domains and was shut down in January; and five other MENA-based piracy rings closed in 2024.

Operating since late 2020, Livehd7’s network of live streaming websites and at least 85 associated domains offered users access to matches from Europe’s top football/soccer leagues including England’s Premier League, Spain’s La Liga, Italy’s Serie A, Germany’s Bundesliga, France’s Ligue 1 and Portugal’s Primeira Liga, as well as the United States’ Major League Soccer (MLS) and domestic cup competitions in those countries. The content also included all UEFA club competitions and international qualifiers for the FIFA World Cup, UEFA Euro and EUEFA Nations League, and CONMEBOL Copa America.

“We applaud the excellent work of Egyptian law enforcement in protecting the intellectual property rights of ACE’s sports media company members,” said Motion Picture Association (MPA) Executive Vice President and Chief Content Protection Officer, Larissa Knapp. “The piracy of live sports is especially detrimental and poses an existential threat to sports leagues and their distribution partners, as a live sports broadcast loses substantial commercial value once a game ends. ACE remains committed to collaborating closely with the Egyptian Police to bring illegal operators to justice.”  

Through its various domains, the Livehd7 network logged more than 17 million monthly visits — more than 257 million visits in the past year. Site traffic originated primarily from Egypt, KSA, France, Germany, and the United States.

“Egyptian-operated piracy websites are popular across the MENA and Arabic-speaking markets generally, causing detrimental harm to our industry,” said Cameron Andrews, Legal Director of Anti-Piracy at beIN MEDIA GROUP. “According to our research, in the MENA region alone, they cost beIN over a $1 billion USD a year and threaten the viability of our business, which in turn has a direct effect on what broadcasters can pay for sports rights. We are very pleased to see action being taken as ACE continues to set a precedent in the fight against piracy.”

In addition to European and North American leagues, the illicitly streamed content included national leagues in the MENA such as the Saudi Pro League.   

The ring operators frequently built new domains to circumvent site blocking and other enforcement measures implemented in the countries where users accessed the illicit content.

All sites will be redirecting to the ACE “Watch Legally” page.

About The Alliance for Creativity and Entertainment

The Alliance for Creativity and Entertainment (ACE) is the world’s leading coalition dedicated to protecting the legal creative market and reducing digital piracy. Driven by a comprehensive approach to addressing piracy through criminal referrals, civil litigation, and cease-and-desist operations, ACE has achieved many successful global enforcement actions against illegal streaming services and unauthorized content sources and their operators. Drawing upon the collective expertise and resources of more than 50 media and entertainment companies around the world—including sports channels and associations—and reinforced by the Motion Picture Association’s content protection operations, ACE protects the creativity and innovation that drives the global growth of core copyright and entertainment industries. The current governing board members for ACE are Amazon, Apple TV+, Netflix, Paramount Pictures, Sony Pictures, Universal Studios, The Walt Disney Studios, and Warner Bros. Discovery. Charles Rivkin is Chairman and CEO of the Motion Picture Association and Chairman of ACE.

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