JobApp Secures Growth Investment from Frontier Capital
Human Capital Management veterans John Raeder, CEO and Dave Walters, COO/CFO
join firm to accelerate JobApp's market expansion and strategic development
DENVER -- January 22, 2013
JobApp, the leading software-as-a-service (SaaS) provider for recruiting and
talent management systems specializing in hourly and decentralized workers,
today announced it has received a substantial investment from Frontier Capital
and executive management. The transaction validates JobApp’s leadership
position in this hyper-growth industry.
"Frontier Capital invests in and partners with established, growth-stage
companies with strong management teams, defensible business strategies and
technology platforms to scale and grow market share," said Michael Ramich,
Partner, Frontier Capital. “We have deep experience helping SaaS companies at
JobApp’s stage scale rapidly, and are excited to back John, Dave, and the
JobApp team to capitalize on the many opportunities we see for the company.”
Known for its innovative and purpose-built software platform, a culture of
client alignment and success, and delivering rapid business results, JobApp is
recognized to have the industry’s largest installed base for hourly workers.
Its rapidly growing base of clients span multiple industry segments that
include retail, quick-serve restaurants and franchisees, convenience stores
and travel centers, hotel and hospitality, grocery, health care, and
manufacturing and distribution companies. Industry research provider IDC
projects that the human capital management applications market will grow to
$11 billion in 2016 from $7.5 billion in 2011, an 8% compound annual growth
"We are excited to partner with Frontier Capital to build another world-class
human capital management company. Frontier's track record of helping
accelerate the growth of SaaS-based software companies while helping them
expand into new markets aligns perfectly with our vision and track record,"
said John Raeder, CEO of JobApp.
Frontier’s investment closed in the fourth quarter of 2012. Montgomery and Co.
acted as financial advisor to JobApp. Womble Carlyle Sandridge & Rice, LLP
provided legal counsel to Frontier Capital.
About Frontier Capital
Frontier Capital is a Charlotte-based growth equity firm focused exclusively
on technology enabled business services. Founded in 1999, Frontier partners
with management teams that can benefit from capital to accelerate growth, fund
acquisitions or generate shareholder liquidity. We make minority and majority
equity investments in high growth companies and have built an excellent track
record of delivering returns to both our investors and management partners.
For more information, please visit www.frontiercapital.com.
JobApp is the leading provider of recruiting and talent management systems
specializing in hourly and decentralized workers. JobApp’s robust platform
improves candidate sourcing, accelerates time-to-fill metrics, improves
quality benchmarks, improves turnover reduction by 25-100% and ensures
compliancy. Many leading brands including Burger King, Taco Bell, Applebee’s,
Denny’s, Carl’s Jr., Hardee’s, Checkers & Rally’s, Quick Chek, Travel Centers
of America and Churchill Downs Racetrack and Casino use JobApp’s technology
and services to establish and sustain their strategic operations and human
JobApp Network is now JobAppPlus! For more information, visit
Brie Aletto, 317-250-4345
Sr. Marketing Lead
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