Tuesday, October 18, 2016

NEOGOV Snags Funding From Warburg Pincus

El Segundo-based NEOGOV, the developer of human resources automation software for the public sector, has raised a round of growth equity from private equity investor Warburg Pincus. Size of the investment round was not announced. NEOGOV, which is led by Damir Davidovic, was founded in 2000, and has not previously received institutional funding. The company's software-as-a-service products are used to manage recruitment, onboarding, and performance evaluation for government agencies. The company says it now serves more than 1,500 organizations, including 40 percent of the largest U.S. cities, and 20 states. NEOGOV has made the Deloitte Technology Fast 500 list for a number of years.