Citizens M&A Advisory served as the exclusive financial advisor to EasyWorkforce Software Corporation, a workforce management software provider, on its growth equity investment from CFH Strategic Investment I.
Formerly known as EasyClocking, EasyWorkforce is a workforce management solution provider. EasyWorkforce’s suite of solutions includes proprietary SaaS-based time and attendance and scheduling solutions that assist more than 10,000 clients across six continents manage workforce needs surrounding time, labor and leave. In conjunction with its SaaS platform, the company sells biometric time clocks that operate on proprietary Android-based software.
“Scott Rhodes and the Citizens team served as an exceptional advisor, navigating a complicated market environment introduced by the COVID-19 pandemic. Throughout the process, Citizens remained creative, tenacious and results-oriented, delivering an outstanding result for EasyWorkforce. Their knowledge of the HR technology industry was critical in telling our story to investors and positioning us to obtain growth capital,” Sino Jos, CEO of EasyWorkforce, said.
“We are excited for EasyWorkforce to leverage this growth equity investment and take advantage of what is a significant opportunity to become a leading workforce management software company within the SMB market. We are proud to have advised EasyWorkforce on this transaction and look forward to following their continued success. Over the past three years, Citizens has advised on 13 HR technology transactions,” Scott Rhodes, managing director at Citizens, said.
Citizens M&A Advisory specializes in middle market mergers and acquisitions as well as later-stage financing transactions.