Maven leads £1.8 million investment in Curo Compensation
Summary
Curo recently launched its latest version (V4) of CuroComp providing customers with a host of additional benefits and new functionality including a powerful business intelligence and analytics component. The company has a highly experienced management team led by CEO Gerry O’Neill, who co-founded Vebnet, a SaaS-based employee benefits solution, which was sold to Standard Life in 2008. Curo is well positioned to exploit the shift from in-house, spreadsheet-based solutions to third-party software vendors which is expected to accelerate as customers demand more sophisticated capabilities that allow them to leverage value from their compensation data and understand the impact of effectively rewarding performance. David Milroy, Investment Director at Maven, said: “Curo has achieved consistent revenue growth and now is an opportune time for Maven’s clients to invest following the recent launch of CuroComp V4, and with the imminent launch of new products, most notably Curo’s Gender Pay Gap reporting system. Maven also actively looks to support second-time entrepreneurs and we have been impressed by the team that Gerry has assembled.” Gerry O’Neill, CEO of Curo added: “Curo has been working with many leading organisations over the past few years including EY, London Stock Exchange, BUPA and others to optimise their annual spend on salary and bonus awards.