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Authoria Inc. owner Bedford Funding has paid $100 million to acquire Peopleclick Inc., a Raleigh, N.C.-based competitor, and merge the two human-resources software companies into a combined entity called Peopleclick Authoria.
Charles S. Jones, managing partner of Bedford Funding, will assume the role of chairman and CEO of Peopleclick Authoria, working out of the private equity firm’s White Plains, N.Y., headquarters. At this point, the new company does not have specific plans to choose a headquarters in either Raleigh or Waltham, a spokeswoman said.
Bedford bought Waltham-based Authoria in 2008 for $63.1 million and immediately committed to invest $8 million more in the company, which makes talent management software. . Peopleclick makes talent acquisition software. Bedford plans to integrate the two companies’ products to include more analytics capability, the firm said in a press release today.
Authoria was founded in 1997 by Tod Loofbourrow, a Mass High Tech all-star in 2000, who was CEO until November 2008. In October, Loofbourrow became president of a new senior health unit at iRobot Corp.
According to the press release, the combined entity will count 60 Fortune 100 companies among its client list. Support will continue for all product lines offered by the two companies, the press release stated.
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