OnShift Inc. receives strategic investment from California firm Clearlake Capital
Summary
The Cleveland-based post-acute care and senior living staff scheduling software company announced in a news release late Tuesday, Oct. 24, that it has received "a strategic equity investment" from private investment firm Clearlake Capital Group L.P., with participation from the Ziegler Link•Age Fund II L.P., a private equity fund focused on the post-acute and aging marketplace, and existing investor Health Velocity Capital. Dan Groen, principal of Santa Monica, Calif.-based Clearlake, and the firms vice president, Paul Huber, will join OnShifts board of directors. The investment "will be used to expand OnShifts product development in recruitment, workforce and talent management, and accelerate sales and marketing plans," the company said in the release. He added, "We are delighted to have the backing of Clearlake, Ziegler Link•Age and Health Velocity Capital and look forward to advancing our success through their combined market knowledge, deep industry relationships, operational expertise and financial partnership." OnShift recently introduced its Text2Hire platform, which automatically books interviews with job applicants through text messaging, allowing providers to reduce time on phone calls, voicemails or by sending emails.
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