StratEx is growing! We are excited to announce an investment from Halyard Capital. A big part of this investment is allocated for expansion capital and will help StratEx get into a position for fast growth in 2017.
Jonathan Barnes, Partner of Halyard Capital, commented, “This investment is reflective of Halyard’s continued focus on opportunities in the HCM space. In StratEx, we found a business with a proprietary platform that provides a broad suite of SaaS-based applications that help automate and streamline the HCM workflow in a regulatory-compliant fashion. The company is quickly gaining market share and we hope to accelerate its growth with additional investment in products, capabilities, and people.”
StratEx CEO, Adam Ochstein, is thrilled to take our growth to the next level. “We’re going to aggressively grow,” Ochstein said. “We have about a dozen sales reps. I want to grow the sales team, development team and service team. We’ve found the perfect partner to do just that.”
By the numbers, StratEx has doubled its staff in the past year to about 90, and with this investment, we’re doubling our office space and expecting our employee headcount to be above 150 employees by the end of 2017.
Read More about this announcement on Crain’s:
HR Software Firm Gets Private Equity Infusion