January 5, 2010 – Bedford Funding, a private equity firm with $800 million in available capital specializing in investments in the software and IT sector, has announced its $100 million acquisition of Peopleclick, Inc., a provider of talent acquisition and workforce compliance and diversity solutions. Peopleclick will join with Authoria, an existing Bedford Funding portfolio company and provider of fully-integrated talent management solutions. The combination of these two independent brands will now operate under the Peopleclick Authoria name. Charles S. Jones, managing partner of Bedford Funding, will assume the role of chairman and CEO of Peopleclick Authoria, effective immediately. “Enterprise customers who are addressing increasing global workforce complexity and managing thousands, or even tens of thousands, of employees expect deep software functionality in the specific talent management disciplines they are enabling, whether it be recruiting, compensation, performance management, succession planning, compliance or vendor management,” said Mr. Jones. “We are excited to now provide current and prospective customers the powerful combination of two leading brands and two deeply innovative and comprehensive suite providers in talent acquisition and talent management. With this integration we are delivering the first best-of-breed suite available in the market from one single-source vendor.” Ron Kupferman, former chairman and CEO of Peopleclick, and Jim McDevitt, former CEO of Authoria, will both operate as vice chairmen, working on business development activities in their respective markets.
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