10/13/2020
Citizens Advises EasyWorkforce Software Corporation on its Growth Equity Investment from CFH Strategic Investment I, LLC
PROVIDENCE, RI – Citizens M&A Advisory served as the exclusive financial advisor to EasyWorkforce Software Corporation, a leading workforce management software provider, on its growth equity investment from CFH Strategic Investment I, LLC.
Founded in 2011, and formerly known as EasyClocking, EasyWorkforce is globally recognized as a premier workforce management solution provider. EasyWorkforce’s suite of solutions includes proprietary SaaS-based time and attendance and advanced scheduling solutions that help more than 10,000 clients across six continents manage complex workforce needs surrounding time, labor and leave. In conjunction with its SaaS platform, the company sells advanced biometric time clocks that operate on proprietary Android-based software.
Sino Jos, CEO of EasyWorkforce, commented: "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."
Scott Rhodes, managing director at Citizens, added: "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.”
Citizens M&A Advisory specializes in middle-market mergers and acquisitions as well as later-stage financing transactions. Citizens combines sector intelligence with a client-focused approach to realize our clients' true value. The Citizens team has closed more than 140 transactions in the last five years and has more than 80 M&A professionals specializing in a range of industries across the United States. Citizens M&A Advisory is part of Citizens Capital Markets, Inc., a subsidiary of Citizens Financial Group (NYSE: CFG).
About Citizens Financial Group, Inc.
Citizens Financial Group, Inc. is one of the nation's oldest and largest financial institutions, with $179.9 billion in assets as of June 30, 2020. Headquartered in Providence, Rhode Island, Citizens offers a broad range of retail and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations and institutions. Citizens helps its customers reach their potential by listening to them and by understanding their needs in order to offer tailored advice, ideas and solutions. In Consumer Banking, Citizens provides an integrated experience that includes mobile and online banking, a 24/7 customer contact center and the convenience of approximately 2,700 ATMs and approximately 1,000 branches in 11 states in the New England, Mid-Atlantic and Midwest regions. Consumer Banking products and services include a full range of banking, lending, savings, wealth management and small business offerings. In Commercial Banking, Citizens offers a broad complement of financial products and solutions, including lending and leasing, deposit and treasury management services, foreign exchange, interest rate and commodity risk management solutions, as well as loan syndication, corporate finance, merger and acquisition, and debt and equity capital markets capabilities. More information is available at www.citizensbank.com or visit us on Twitter, LinkedIn or Facebook.
The testimonials presented are applicable to the individuals depicted and may not be representative of the experience of others. The testimonials are not paid and are not indicative of future performance or success.
