German HR software company Softgarden sells to Investcorp
Berlin-founded HR platform company Softgarden has been acquired by Investcorp, an investment fund headquartered in Bahrain, for an undisclosed amount. This is the fourth deal from Investcorp’s fourth Technology Fund.
Softgarden’s main product is an applicant tracking system (ATS), which comes as a SaaS solution and is there to cover and streamline corporate recruitment processes. The company also maintains a job board of its own with some 65,000 candidate profiles, as well as an automated job posting tool that integrates with more than 300 platforms.
Investcorp plans to invest further capital in the company to fuel expansion into the DACH markets (Germany, Austria, and Switzerland).
For Investcorp, this is the fourth investment in Germany over the past few months, which have been spread across industries. In April, it acquired Bürocampus Wangen, a modern office campus in Stuttgart; in May, it invested in Privatzahnarztklinik Schloss Schellenstein GmbH (“PSS”), a centre for implantology and dental surgery, and Acura Kliniken, a licensed hospital in Albstadt, Germany.