PageUp People Raises $10 Million for Growth Equity

PageUp People Raises $10 Million for Growth Equity 
SaaS Talent Management Innovator Accelerates Global Growth 
11/19/12 --  PageUp People(TM), a Multinational Talent Management
solutions provider, today announced that Silicon Valley-based private
investment firm Accel-KKR has taken an equity stake in the business.
The new funding heralds the further expansion of the PageUp People
technology platform into the world's emerging and high growth
PageUp People CEO Karen Cariss said, "Our strategy to bring best in
class SaaS talent management solutions to new markets is reinforced
by this investment. The majority of our global Fortune 500 and ASX
100 clients have established and growing businesses in high growth
regions such China, India, South-East Asia, Latin America and South
Africa. The demand to service existing clients is naturally drawing
us to these markets but will also be a platform for exponential
growth of new business." 
Cloud provider PageUp People has made significant investments in
building out the full functionality of its unified talent management
suite, which now includes recruitment, performance, development,
compensation, career and succession management modules. The
award-winning PageUp People system sits on a single unified
SaaS-platform and is perfectly positioned to deliver on the big data,
social and mobile demands of the market. "This means we have a truly
seamless platform that provides a consistent experience for managers,
employees, recruiters and candidates -- everything is intrinsically
connected," Cariss said. 
Accel-KKR Managing Director Greg Williams, who has joined the PageUp
People Board of Directors noted, "PageUp People is the latest in our
portfolio of premium software companies and reflects both our
research and belief in growing market demand for human capital
resource management technologies. Bootstrapped to date, PageUp People
has nonetheless driven consistent double-digit growth rates while
building a highly referenceable customer base across Australia and
beyond. We expect our investment to release PageUp People's potential
and substantially accelerate the execution of its strategic plan." 
Accel-KKR's founding Partner, Tom Barnds, emph
asized PageUp People's
fit with the firm's view on the Australian technology market, "We are
excited to be partnered with Karen and her team. PageUp is a great
example of what we believe to be an exceptionally strong and
entrepreneurial technology development community in Australia, and is
the latest in a long line of Accel-KKR investments in founder led
businesses. Accel-KKR will continue to devote significant time and
resources to building relationships with growing Australian and Asia
Pacific companies providing critical software and technology-enabled
services to the market." 
PageUp People clients will benefit significantly. "This investment
ensures our continued commitment to delivering innovation to our
existing customers. We are also going to great lengths to understand
the nuances of the culturally and economically diverse countries for
clients with large scale global operations," said Cariss. "It
requires more than simple language translations -- our research is
highlighting fundamental differences in style and execution that must
be reflected in technology in order to fully engage multi-cultural
audiences." She added, "Our Global Gateway interface was designed
exactly to address these requirements and we'll leverage this funding
to further accelerate our product roadmap." 
About PageUp People
 PageUp People helps multinational employers
strategically align their talent resources to execute corporate
strategy across borders, business units, cultures and languages --
maximizing employee value and business results. The PageUp People
SaaS-delivered solution unifies Recruiting, Performance Management,
Compensation, Training & Development, Career Planning, Succession
Management and Advanced Workforce Analytics to help global employers
overcome the talent management challenges that are inherent to
operating across multiple geographies.  
PageUp People solutions support large multinational organizations,
including several Global 500 employers and more than 90,000 HR
practitioners operating across more than 180 countries from a broad
range of industries, including financial services, retail, mining and
refining, transportation and telecommunications. PageUp People is
headquartered in Melbourne, Australia with additional office
locations in Sydney, London, Shanghai and Atlanta. Learn more about
how PageUp People can help transform your organization's
multinational HR initiatives by visiting 
About Accel-KKR
 Accel-KKR is a technology-focused private equity
firm with over $2.3 billion in assets under management. The firm
invests primarily in software and IT-enabled businesses well
positioned for top-line and bottom-line growth. At the core of
Accel-KKR's investment strategy is a commitment to developing strong
partnerships with the management teams of its portfolio companies and
a focus on building value through significant resources available
through the Accel-KKR network. Accel-KKR focuses on middle market
companies and provides a broad range of capital solutions from
minority growth investments to buyouts, recapitalizations, divisional
carveouts and going-private transactions. For more information,
please visit 
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Media Contact:
Jeanne Achille
The Devon Group
New York Metro Office: +1 (732) 706-0123 ext. 11
London Office: +44 (0)207 917 1832 
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