Tag: acquisition

Active Capital’s First Investment Pays off with VidGrid Acquisition by Paylocity
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Active Capital’s First Investment Pays off with VidGrid Acquisition by Paylocity

Paylocity, a provider of cloud-based human resources and payroll software solutions, announced on Monday its acquisition of VidGrid, a leading video learning platform provider. VidGrid provides two-way, peer-to-peer learning courses, transforming video into two-way communication. Paylocity has worked with VidGrid for several years to deliver a video-enabled learning management system to its clients. The acquisition effort was underway before the COVID-19 pandemic began forcing employees and students alike to work from home. "As a leading modern workforce platform, we are constantly looking for opportunities to make our product suite even more useful for our clients. We believe video will play a critical role in transforming workplace communication," Steve Beauchamp, CEO of Paylocity,...
Promoter.io Founder Chad Keck Talks About Being First, Offers Acquisition Advice for Founders
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Promoter.io Founder Chad Keck Talks About Being First, Offers Acquisition Advice for Founders

With little fanfare, San Antonio-based Promoter.io, a customer analytics and insights software as a service (SaaS) platform for small and medium-sized businesses, was acquired in September 2019 by Medallia, the global leader in customer experience management. In that same month, Medallia underwent an IPO four days before buying two other companies along with Promoter.io. Founders Chad Keck and Ricardo Reyna (who left the company in 2018) launched Promoter.io in 2013, working out of Geekdom, San Antonio’s first co-working space. The startup raised $1.6 million in funding over five pre-seed and seed funding rounds. Their latest round was in January 2018 for $150,000. Startups San Antonio caught up with Keck to reflect on why he built Promoter, the significance of being the first startu...