Thursday, November 30, 2017

The Gores Group Sells Peoplenet

Los Angeles-based private equity investor The Gores Group has sold one of its portfolio firms, Atlanta-based Peoplenet, to Boston-based Bullhorn. Financial details of the sale were not announced. Peoplenet was a developer of cloud-based, workforce management software; Bullhorn is a developer of CRM and operations software for the recruitment industry. Gores acquired Peoplenet in 2016, through its Gores Small Capitalization Partners fund.