Turn/River Capital has sold Trakstar to Mitratech, a portfolio company of Ontario Teachers’ Pension Plan
Trakstar is trusted by more than 3,000 customers like Dyson, Ben & Jerry’s and Make A Wish, to attract and develop happier and healthier talent. The Trakstar platform provides a powerful suite of solutions that equip human resources (HR) teams with next-generation talent acquisition, training and performance management technology coupled with workforce analytics. Trakstar has spent 20 years architecting data-backed tools to provide custom insights for every stage of the employee lifecycle.
With increasing interest in employee engagement and human capital-related technology solutions to address the rapidly changing employee-employer dynamic, Turn/River Capital and Trakstar sought to identify an ideal partner to take the newly integrated solution to its next level of potential. The Trakstar Board engaged Lincoln International for its breadth of industry expertise, international network and elite execution capabilities to position the company for success in an incredibly dynamic field of potential suitors in a challenging mergers and acquisitions environment. In joining Mitratech, Trakstar will help drive the vision of a unified talent strategy and HR compliance technology platform that is becoming more mission critical across all industries.
Chris Cavanaugh, Managing Director in Lincoln’s Technology, Media & Telecom Group, commented, “We’re grateful for the opportunity to advise Turn/River on its sale of Trakstar. Mitratech has a proven ability to quickly integrate teams and technology for successful execution of their vision, and we believe it is the perfect home for Trakstar. We look forward to seeing them execute and grow with this great Trakstar team.”
Lincoln's thorough and thoughtful process, and deep domain expertise were instrumental in achieving this exciting outcome for the Trakstar team and its shareholders with a great strategic partner.
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