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Bright Star Technology

Q3 2008 Human Resource/Capital (HR and HCM) Transactions

Bedford Funding to acquire Authoria

Authoria, Inc., provider of talent management solutions, has agreed to be acquired by Bedford Funding, a private-equity firm with $800 million in available capital. The companies believe Authoria is a platform for building the first billion-dollar company in talent management. Bedford enables Authoria to accelerate its next phase of growth and provide it with a debt-free capital structure and injection of growth capital to expand operations, drive new sales growth, and extend its leading solutions in all aspects of talent management.

Announcement Date: September 30, 2008
Deal Value: $63.1 Million (In addition to the purchase price, Bedford Funding will make an additional $8 million investment in working capital.)

Gannett Co buys more of CareerBuilder

Gannett Co Inc. has increased its stake in CareerBuilder.com to 50.8 percent by buying 10 percent from Tribune Co. Tribune is selling some assets to help pay down billions of dollars in debt as a result of an $8.2 billion buyout in 2007. CareerBuilder competes with Monster.com. The other 49.2 percent is owned by Tribune, McClatchy Co., and Microsoft.

Announcement Date: September 3, 2008
Deal Value: $135 million

Saongroup buys Tecoloco.com

Irish online recruiter Saongroup.com has expanded its operations to Central America with the acquisition of Tecoloco.com. The Irish recruiter is believed to have paid more than $3 million to acquire the business, although no price was disclosed. Tecoloco has operations in El Salvador, Guatemala, Honduras and Panama and plans to open in Costa Rica before Christmas. The company numbers computer maker Dell, consumer goods group Unilever, and financial services giant HSBC among its clients. Its website, which operates in English and Spanish, gets about 200,000 visits a month, making it the busiest recruitment website in Central America. This number is growing by about 25 percent a year and would complement Saongroup’s existing operations in the Caribbean.

Announcement Date: September 1, 2008
Deal Value: Undisclosed

Salary.com acquires InfoBasis

Salary.com, Inc., a provider of on-demand compensation and talent management solutions, has acquired InfoBasis Limited – a competency-based, learning and development software company located in the UK. InfoBasis provides a range of products, based on a foundation of competencies and skills management, to help manage workforce planning, skills gap analysis, career planning, leadership development and learning management. The acquisition expands Salary.com’s product portfolio to include on-demand learning and development solutions, expands the company’s global reach with a UK-based presence, and is consistent with Salary.com’s strategy of acquiring companies that add complementary, best-in-class compensation and talent management solutions.

Announcement Date: August 26, 2008
Deal Value: $5 Million

P&I GmbH acquires JET PADIS NG

P&I GmbH (Vienna), the subsidiary company of P&I AG, based in Germany, and one of the leading suppliers of HR management software in Europe with over 3,000 customers in all business sectors, is taking over JET PADIS NG, the human resources management business division of Data Systems Austria (DSA). DSA is one of the leading Austrian suppliers of integrated business software. By taking over the HR management software of DSA, P&I is taking a decisive step towards achieving the market leadership for personnel software in Austria. On the one hand, it will lead to interesting synergy effects for P&I in the software development area. On the other hand, P&I has gained 450 strategic customers in the SME area and the public administration sector.

Announcement Date: August 25, 2008
Deal Value: Undisclosed

CareerBuilder.com acquires Lesjeudis.com

CareerBuilder.com, the largest online job site in the U.S., has acquired Lesjeudis.com, the largest independent online recruitment company in France. Lesjeudis will retain its name, but will benefit from the marketing, partnerships and technology that propelled CareerBuilder to the number one position in the U.S.

Announcement Date: July 9, 2008
Deal Value: Undisclosed

JMI acquires Halogen Software

JMI Equity, a private equity firm exclusively focused on investments in growing software and business services companies, has acquired Halogen Software, Inc., a leading provider of web-based employee performance and talent management software. Industry analyst firms concur that the Talent Management space is a growth area in the Human Capital Management (HCM) market. Bersin & Associates estimated this strategic HCM segment at US$2 billion for 2007 with expected growth of 20 percent annually. Within the talent management segment, the fastest growing sub segment is employee performance management, which is increasing by 30 percent per year.

Announcement Date: July 8, 2008
Deal Value: Undisclosed