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Enterprise Human Capital Management Software sector

Strategic acquirers, private equity (buyout funds and growth funds) firms, and valuation benchmarks for Enterprise Human Capital Management Software

1.1 - About Enterprise Human Capital Management Software sector

Companies in the Enterprise Human Capital Management Software category deliver cloud platforms that centralize HR operations—covering payroll, benefits, timekeeping, scheduling, talent, and employee experience. They automate compliance, standardize workflows, and provide actionable workforce analytics. By consolidating fragmented HR tools and data, these vendors reduce administrative overhead, improve accuracy, support global hiring, and enable HR teams to manage distributed, hourly, and professional employees at scale.

Vendors typically offer HRIS suites that handle payroll processing, benefits administration, time and attendance with workforce scheduling, and applicant tracking with localized onboarding. They extend into performance and learning management, employee engagement and communications, and advanced workforce analytics with AI-driven insights. Many provide PEO and global employment services, digital wellbeing and MSK care programs, professional services automation for project staffing and margins, and AI-powered staffing marketplaces that manage vetting, compliance, and rapid shift fulfillment.

Primary customers include large enterprises, mid-market organizations, and high-growth startups with distributed or frontline workforces. Outcomes commonly include faster hiring and onboarding cycles, lower compliance risk and tax penalties, reduced benefits and medical costs through targeted wellbeing programs, and improved productivity via accurate timekeeping and optimized staffing. Finance and HR leaders gain real-time margin visibility, unified headcount data, and standardized processes that scale across locations and jurisdictions.

2. Buyers in the Enterprise Human Capital Management Software sector

2.1 Top strategic acquirers of Enterprise Human Capital Management Software companies

Workday Logo

Workday

HQ: United States Website
  • Description: Provider of enterprise cloud applications for finance and human resources, offering financial management solutions covering expenses, accounting, revenue management, projects and grants, plus workforce management and professional services automation, serving customers across multiple industries worldwide.
  • Key Products:
  • Workday Professional Services Automation (PSA): Automates resource staffing, project tracking, and financial performance with intelligent resource management, capacity forecasting, and real-time margin visibility for on-time, profitable delivery
  • Workday Financial Management: Provides unified financials with management reporting, automated billing, compliance controls, rapid close processes, and intercompany transaction automation to boost accuracy and profitability
  • Workday Human Capital Management (HCM): Delivers employee engagement, skills ontology, extended workforce management, and talent acquisition tools to improve retention, internal mobility, and workforce planning
  • Workday Adaptive Planning: Offers firmwide skills planning, project and revenue forecasting, capacity utilization modeling, and what-if scenario analysis to align resources, budget, and growth strategies.
  • Rationale: Provider of Workday Human Capital Management suite, Workday Adaptive Planning modeling, and Workday Professional Services Automation staffing—centralizing HR workflows.
  • Company type: Private company
  • Employees: ●●●●●
  • Total funding raised: $●●●m
  • Backers: ●●●●●●●●●●
  • Acquisitions: ●●
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2.2 - Strategic buyer groups for Enterprise Human Capital Management Software sector

M&A buyer group 1: HRMS for Enterprises

22 companies View group →
Description: Companies in the Enterprise HR Management Platforms category build integrated systems that centralize workforce data, automate HR operations, and support complex enterprise processes. They provide cloud-based suites for core HR, payroll, timekeeping, benefits, and talent workflows, designed for high-scale, multi-region employers. The value lies in standardizing HR policies, reducing manual work, and delivering reliable, auditable records across large, distributed organizations.
Workday

Workday

Website HQ: United States
  • Type: N/A
  • Employees: ●●●●●
  • Description: Provider of enterprise cloud applications for finance and human resources, offering financial management solutions covering expenses, accounting, revenue management, projects and grants, plus workforce management and professional services automation, serving customers across multiple industries worldwide.
  • Key Products:
  • Workday Professional Services Automation (PSA): Automates resource staffing, project tracking, and financial performance with intelligent resource management, capacity forecasting, and real-time margin visibility for on-time, profitable delivery
  • Workday Financial Management: Provides unified financials with management reporting, automated billing, compliance controls, rapid close processes, and intercompany transaction automation to boost accuracy and profitability
  • Workday Human Capital Management (HCM): Delivers employee engagement, skills ontology, extended workforce management, and talent acquisition tools to improve retention, internal mobility, and workforce planning
  • Workday Adaptive Planning: Offers firmwide skills planning, project and revenue forecasting, capacity utilization modeling, and what-if scenario analysis to align resources, budget, and growth strategies.
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Buyer group 2: ████████ ████████

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Key Products: ████████, ████████, ████████, ████████
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Buyer group 3: ████████ ████████

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Description: ████████ ████████ ████████ ████████ ████████ ████████ ████████ ████████ ████████ ████████
Key Products: ████████, ████████, ████████, ████████
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3. Investors and private equity firms in Enterprise Human Capital Management Software sector

3.1 - Buyout funds in the Enterprise Human Capital Management Software sector

Buyout Funds investing in Enterprise Human Capital Management Software companies

51+ funds
Description: Buyout funds focused on Enterprise Human Capital Management Software companies globally.

Hellman & Friedman

Website HQ: United Kingdom
  • Type: Buyout
  • Fund Size: $●●●m
  • Investment Range: $●●-●●●m
  • Focus: Technology companies in Enterprise Human Capital Management Software
  • Relevant M&A transactions / similar portfolio companies:
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2.2 - Strategic buyer groups for Enterprise Human Capital Management Software sector

Growth Equity Funds in Enterprise Human Capital Management Software companies

41+ funds
Description: Growth equity funds focused on Enterprise Human Capital Management Software companies globally.

TCV

Website HQ: United States
  • Type: Growth
  • Fund Size: $●●●m
  • Investment Range: $●●-●●●m
  • Focus: High-growth companies in Enterprise Human Capital Management Software
  • Relevant investments / similar portfolio companies:
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4 - Top valuation comps for Enterprise Human Capital Management Software companies

4.2 - Public trading comparable groups for Enterprise Human Capital Management Software sector

Valuation benchmark group 1: Payroll and HCM Software Companies

7 companies View group →
Description: Companies in this trading comparable group are public software providers delivering cloud-based payroll and human capital management platforms to employers. Their business models center on subscription and per-employee-per-month pricing, augmented by implementation and compliance services. They are grouped as valuation benchmarks because they offer similar product suites, target HR buyers, monetize recurring usage at scale, and exhibit comparable growth profiles, margins, retention, and cash flow characteristics.
ServiceNow logo

ServiceNow

  • Enterprise value: $●●●m
  • Market Cap: $●●●m
  • EV/Revenue: ●.●x
  • EV/EBITDA: ●●.●x
  • Description: Provider of enterprise cloud computing solutions that help organizations to manage digital workflows. The platform integrates artificial intelligence, machine learning, robotic process automation, and other tools to automate and optimize operations across various departments including IT, HR, customer service, and security.
  • Key Products:
  • IT Service Management: Incident and problem management, cost management, service catalog, change and release management, configuration management database, asset management
  • Human Resources Service Delivery: HR case management, employee service center, knowledge management, performance analytics
  • Customer Service Management: Omnichannel communication, case management, knowledge base management, performance analytics
  • Security Operations: Incident response, threat intelligence, vulnerability response, security incident management
  • IT Operations Management: Event management, operational intelligence, cloud provisioning and governance.
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Revenue growth
Median
15.7%
2025E
16.0%
2026E
EBITDA margin
Median
28.2%
2025E
28.6%
2026E
Cash EBITDA margin
Median
27.6%
2025E
28.0%
2026E
EV/Revenue
Median
8.4x
2025E
6.8x
2026E
EV/EBITDA
Median
28.9x
2025E
24.4x
2026E
EV/Cash EBITDA
Median
29.0x
2025E
25.5x
2026E
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4.3 - M&A Transactions in the Enterprise Human Capital Management Software sector

Selected M&A transactions

Date Target Description Buyer(s) Relevance EV EV/Revenue EV/EBITDA
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Frequently Asked Questions

Buyers & Acquirers in Enterprise Human Capital Management Software sector

Who are the top strategic acquirers of Enterprise Human Capital Management Software companies?

Top strategic buyers in this sector include Workday, a provider of enterprise cloud applications for finance and human resources, offering financial management solutions covering expenses, accounting, revenue management, projects and grants, plus workforce management and professional services automation, serving customers across multiple industries worldwide. .

Which buyer groups are most relevant for Enterprise Human Capital Management Software companies?

Relevant strategic buyer groups similar to the Enterprise Human Capital Management Software sector include HRMS for Enterprises because they share similar customer segments and product capabilities.

Financial Investors in Enterprise Human Capital Management Software sector

Which are the top PE firms investing in Enterprise Human Capital Management Software companies?

Potential investors in the broader Enterprise Human Capital Management Software space include TCV and Hellman & Friedman.

Who are the top buyout funds acquiring Enterprise Human Capital Management Software companies?

Active PE funds and buyout funds acquiring companies in the Enterprise Human Capital Management Software space include Hellman & Friedman.

Who are the top growth equity funds investing in Enterprise Human Capital Management Software companies?

Growth funds investing in the broader Enterprise Human Capital Management Software sector include TCV.

Valuation of Companies in Enterprise Human Capital Management Software sector

Which are the key public companies that are relevant trading comps for Enterprise Human Capital Management Software companies?

Key trading comparable groups include ServiceNow, a provider of enterprise cloud computing solutions that help organizations to manage digital workflows. the platform integrates artificial intelligence, machine learning, robotic process automation, and other tools to automate and optimize operations across various departments including it, hr, customer service, and security..

Which are the key trading comparable groups for Enterprise Human Capital Management Software companies?

Similar trading comparable companies include Payroll and HCM Software Companies. Our platform tracks detailed trading comparable groups in the Enterprise Human Capital Management Software sector with complete valuation multiples, growth metrics, and profitability data. Access the full database to benchmark your company against relevant public comparables.

What are recent M&A transactions in the Enterprise Human Capital Management Software sector?

Our platform tracks M&A transactions in the Enterprise Human Capital Management Software sector with complete deal terms, valuation multiples, and strategic rationale. Access the full database to benchmark pricing and identify active acquirers.

What are recent capital raises and funding rounds in Enterprise Human Capital Management Software?

Access recent funding rounds in the Enterprise Human Capital Management Software sector including growth equity, venture capital, and buyout investments. Our database includes round size, lead investors, valuations, and use of proceeds.

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