Peoplestrong, a leading SAAS supplier of regional human capital management, announced that the private capital business within Goldman Sachs Alternatives has acquired a majority participation in the company.
The acquisition underlines the company’s growth strategy in the CCG region, with a particular approach to key markets such as the EAU and Saudi Arabia, said the company.
The expansion is closely aligned with the national priorities around the emiratization, the loss and the broader impulse for the digital transformation of the workforce throughout the region, he said.
Goldman Sachs supports Peoltrong
Sandep Chaudhary, CEO of Peotrong, said that the company has focused on balanced and sustainable growth and is proud to stand out today as one of the few positive Saas companies for Ebitda with a leading market position.
“We are excited to join forces with Goldman Sachs. With their global experience in Saas and AI, we hope to boost the next phase of our growth together through continuous innovation and operational excellence,” he said.
Rajat Sood, managing director of growth of corporate capital and investment in Goldman Sachs, said Pelolestrong is at the intersection of talent and technology, offering real and measuring value to its customers in scale management.
“We hope to support the next stage of growth of this management team and from the company to Higare the global resources and the Goldman Sachs network,” he said.
Mrigank Tripathi, President-Creation, Petestrong, says it supports long-term expansion, the company will invest in R&D to adapt solutions for the regulatory and operational panorama in evolution of the Middle East.
“Peoplestrong is also actively looking for strategic associations to deepen our footprint in the CCG and the broader Mena region. To support this growth, we will continually strengthen our land team in sales, support and key functional areas.
Peoplestrong maintains operative equipment in Dubai with strategic commitments in key emirates and main cities of Saudi Arabia.
The company offers a comprehensive HCM platform with solid capabilities in the applicants monitoring systems (ATS), payroll, employee experience and talent management.
It serves leading organizations in key verticals of the industry, including banking, financial services and insurance (BSFI), retail trade, aviation, medical care and manufacturing.
