Primus Announces Sale of Peopleclick

1/8/2010

CLEVELAND, OHIO – Primus Capital Funds (“Primus”) is pleased to announce the sale of Peopleclick, Inc. (“Peopleclick”) to an affiliate of the private equity firm Bedford Funding. Primus supported Peopleclick through three rounds of financing, the proceeds of which were used to fund the rapid growth of the business and several add-on acquisitions. During Primus’ investment period, Peopleclick grew revenue at a compound annual growth rate of 41% and established itself as a leading software-as-a-service provider in the human resource management sector.

About Primus
Founded in 1983, Primus invests in established middle-market companies in the business services, healthcare and education industries. Primus partners with experienced management teams to accelerate growth and improve the operating performance of the companies in which it invests. The types of transactions pursued include buyouts, control and minority recapitalizations, and expansion financings.

About Peopleclick
Based in Raleigh, NC, Peopleclick provides software and services that empower companies around the world to find, attract and hire quality people in less time and with less risk. Peopleclick’s technology, consulting expertise, and support services provide companies the vision and flexibility to manage all of their talent resources, whether they are salaried, hourly or contingent. Founded in 1997, the company currently serves over 2,000 clients in 214 countries and territories, including 54 of the Fortune 100.