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PeopleGuru Announces Growth Funding to Further Disrupt the Payroll Outsourcing Market and Accelerate Next Stage Growth Plans

PeopleGuru is one of the only mid-size HCM software companies purpose-built for today’s modern workforce. The typical midsize company uses HR and payroll technology that is decades old and often pieced together through multiple acquisitions.

PeopleGuru, a leading provider of cloud-based human capital management (HCM) and payroll software, today announced the closing of a growth capital funding round. CF Holdings led the financing with participation from former PeopleGuru investors. The funding will be used to increase investments in customer service and sales.

PeopleGuru offers a true one-stop HCM app with self-service web and mobile apps for human resources, benefits, payroll, time and talent management. Over 300 midsize businesses across the United States use PeopleGuru products. PeopleGuru helps clients attract, retain, compensate and engage their workforce with easy-to-use, state-of-the-art software that is far more powerful, flexible and comprehensive than traditional payroll contractor offerings. PeopleGuru dramatically improves workforce productivity and eliminates the need for add-on third-party applications.

“PeopleGuru is one of the only mid-size HCM software companies purpose-built for today’s modern workforce. The typical midsize company uses HR and payroll technology that is decades old and often replenished through multiple acquisitions,” said David Hain of Gotham Growth Group.

“We welcome this partnership with CF Holdings,” said Richard Cangemi, CEO of PeopleGuru. “There is perfect alignment with their team on PeopleGuru’s future expansion plans and capital needs, and their expertise in our core business brings great value to our partnership.”

“Managing employee data across loosely connected systems and separate databases is why companies have to work hard to have many different enterprise systems,” said Paul Zugay, CTO of PeopleGuru . PeopleGuru solves this problem by giving businesses and employees convenient access to PeopleGuru and their own data, whether through a native mobile phone app, tablet, kiosk, or web browser, in a single, powerful database. effective making PeopleGuru the single source of truth, reporting and analysis for all things HR and employee data.

Managing Partner David Hain of Gotham Growth Group served as lead financial advisor to PeopleGuru on the transaction.

About PeopleGuru

PeopleGuru, based in Tampa, Florida, develops and supports cloud-based human capital management (HCM) software to help high-growth midsize companies attract, retain and engage employees and streamline functions HR and payroll back-office. Please visit http://www.peopleguru.com for more information.

About CF Holdings

CF Holdings, based in Atlanta GA, is a family-owned investment firm focused on investing its capital in high-growth B2B technology services companies. CF Holdings takes a high-value approach to developing its portfolio companies by leveraging its experienced operating professionals to provide strategic advice to portfolio companies.

About Gotham Growth Group

Wayne PA-based Gotham Growth Group specializes in advising middle-market human capital and talent management companies. The Gotham Growth Group team has personal experience as CEOs, Presidents, Managing Directors, or Divisional Directors of large, small, and mid-sized human capital and talent management companies. With our experience in sales, marketing, technology, operations and finance, we bring value to the organizations we serve to help them navigate rapid growth and expansion. Please visit http://www.gothamgrowth.com for more information.

Contact:

PeopleGuru

101 S. Hoover Blvd.

Tampa, FL 33609

Email: hello@peopleguru.com

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