MAVA Member JMI Equity Invests In Cloud Software Company CoreHR
CORK, Ireland–(BUSINESS WIRE)–CoreHR, a leading provider of cloud-based human capital management and payroll software, today announced that it has received a strategic growth investment from JMI Equity, a growth equity firm focused on investing in leading software and services companies, and JMI Services LLC, which is the family investment company of John J. Moores. JMI Equity and JMI Services are independently managed firms. CoreHR’s founders will retain significant ownership and along with the current management team will remain actively involved in the business.
“We consider CoreHR to be the best provider of HCM software solutions in its markets. The Company has a number of compelling opportunities to expand geographically, add new customers, and deepen its involvement with existing customers,” said David Greenberg, General Partner of JMI Equity. “We believe that the added resources of our team and those of JMI Services will enable CoreHR to accelerate its growth strategy, and we look forward to partnering with the Company to help achieve its goals.”