The Access Group Reports 47% Revenue Growth, 48% EBITDA Growth and Secures Substantial Investment for Future Expansion
Summary
Together, the investors will make a substantial strategic investment in the company and will both retain joint control of The Access Group, alongside the management team. Financial terms of the transaction, which is subject to customary regulatory approvals and is expected to close in the first calendar quarter of 2021, were not disclosed. We’re very happy to increase our investment in The Access Group and further accelerate the company’s business strategy together with our partners.” J. Morgan Seigler, Managing Director at TA Associates, said: “We first invested in The Access Group five years ago because of the company’s potential for growth, strong customer base and deeply committed management team. Following the acquisitions of Core HR, PeopleHR, Safety Media, The Payroll Service Company, Microlearn and eLFY, The Access Group announced on 29 September 2020 the launch of Access People, a new division bringing together all of its human resources, payroll, learning & development and compliance solutions. Its innovative Access Workspace cloud platform transforms the way business software is used, giving every employee the freedom to do more.
Funding
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