ISH Group expands with acquisition of HRLocker

2/12/2024 – ISH Group today announced the acquisition of HRLocker, the leading Ireland-based, B2B SaaS Human Resources Information Systems (HRIS) platform. HRLocker empowers organisations with a comprehensive suite of tools to efficiently manage their workforce, offering solutions from employee records and time tracking to performance evaluations and absence management. The acquisition further solidifies ISH's position as a leader in the HR software space, now encompassing over 3,000 customers across its growing portfolio, including Jobtoolz, Homerun, Hirehive, Staff Squared and HRLocker.

Founded in 2013, HRLocker has become a trusted HR solution, serving over 860 small and medium-sized businesses (SMEs) primarily in Ireland and the UK. As part of this acquisition, Adam Coleman, HRLocker’s founder and CEO, will transition out of the business. Crystel Robbins Rynne, current COO who has been instrumental in HRLocker's growth, will take on the CEO role, driving the next phase of development with a focus on scaling customer engagement and feature expansion.

The acquisition brings significant benefits to both HRLocker and its customers. In joining the ISH Group, HRLocker will have access to enhanced resources and expertise, enabling faster innovation and expansion of its offering in domestic and overseas markets. Customers can expect an enriched platform with new features, improved user experience, while continuing to enjoy the unrivalled customer experience for which the company has become so well known. The collaboration also opens opportunities for integration with other ISH portfolio companies, offering a more comprehensive suite of HR tools to meet the evolving needs of SMEs.

Adam Reynolds, co-founder and Managing Partner of ISH, shares his enthusiasm for this acquisition: “We’re delighted to welcome HRLocker into the ISH family. HRLocker’s commitment to supporting SMEs and its robust HRIS platform make it an excellent addition to our portfolio. With Crystel stepping into the CEO role, we’re confident in HRLocker’s continued success and in our shared vision for empowering businesses to attract, manage, and develop their talent.”

Crystel Robbins Rynne, the new CEO of HRLocker, looks forward to joining the ISH Group, saying, “This new chapter with ISH will enable us to scale faster and reach even more customers. We’re excited to enhance our offerings, leveraging ISH’s resources and expertise to deepen our impact across the HR tech landscape.”

About HRLocker

HRLockeris an Ireland-based SaaS HR platform serving SMEs in Ireland and the UK. With abroad suite of HRIS functionalities, including performance management, ATS, andtime tracking, HRLocker simplifies workforce management for growing businesses.The platform has built a strong reputation for innovation and customer focus,enabling SMEs to streamline HR processes and foster productive, engaged teams.

Formore information, please visit https://hrlocker.com/.

About ISH

ISH was created with the vision of building a strong portfolio of founder-run SaaS companies by investing early and providing support to existing teams. Combining the expertise of private equity specialists and experienced SaaS entrepreneurs with multiple successful exits, ISH aims to elevate the businesses it invests in by introducing capital and skills while preserving the entrepreneurial spirit and existing management.

ISH is backed by Michael Richards, Adam Reynolds and Strada Partners. For more information, visit https://invsholdings.co.uk/.

About Strada Partners

Strada Partners is a European investment fund founded by Matthias Vandepitte and Bart Wouters, with a focus on technology-driven companies. With extensive experience in private equity, the team at Strada Partners specializes in supporting growth businesses in sectors such as software, healthcare, and services. Strada Partners seeks to build a concentrated investment portfolio of companies with the potential for long-term growth on a pan-European scale. Previous investments include Toba, AXI, ISH, Elsyca, Tresco and Bloom.

For more information, visit https://strada-partners.com/.