What is Empower Software Solutions?
Empower Software Solutions is a national provider of innovative human resources software and services. Formed through the strategic acquisition of Tesseract, Unitime Systems Time and Attendance, Business Analytics Corporation (BAC), and Federal Liaison Services (FLS), the company offers a comprehensive suite of end-to-end solutions encompassing payroll, workforce management, and tax compliance. Empower serves a diverse client base, including many Fortune 500 corporations, solidifying its status as an industry leader and a preferred choice for HR and payroll professionals.
How much funding has Empower Software Solutions raised?
Empower Software Solutions has raised a total of $100M across 1 funding round:
Private Equity
$100M
Private Equity (2010): $100M with participation from Lake Capital
Key Investors in Empower Software Solutions
Lake Capital
Lake Capital is a private equity firm founded on the principle of supporting growing businesses beyond just capital. Their principals, with extensive entrepreneurial and operational experience, actively partner with management teams to enhance efficiency, drive growth, and execute strategic initiatives, embodying a hands-on approach to investment.
What's next for Empower Software Solutions?
The substantial enterprise-level funding and recent strategic investment indicate Empower Software Solutions is poised for continued expansion and innovation. This capital infusion will likely fuel further development of its state-of-the-art HR technology, enhance its service offerings, and potentially support strategic acquisitions or market penetration initiatives. The company's focus on end-to-end HR, payroll, and workforce management solutions positions it to capitalize on the evolving demands of medium and large-sized corporations seeking integrated and efficient operational tools.
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