The company collects data on the remunerations practiced. It whets Warburg Pincus’ appetite.
$ 100 million: this is the amount that the private equity fund Warburg Pincus has just invested in the company that collects information on the remuneration practiced in the United States PayScale. He thus becomes the majority shareholder, betting on the potential of the market. Launched in the early 2000s, PayScale has gradually developed a large database of individual compensation profiles, containing salary information for 40 million people, a good overview of current salaries in the market. It has 3,000 clients in 13 countries.
As a reminder, in total, the Warburg Pincus fund manages 35 billion in assets around the world. The fund is not its first buyout in this sector of activity: since March 2014, it has invested more than a billion dollars to seize related projects such as Mercator, which offers a baggage tracking tool to airline companies, and Liepin.com a Chinese online job recruitment service. A press release states that Warburg Pincus’ investment will be used to recruit new people, strengthen its product offering and support its growth.