Inverness Graham exits HR software provider Swipeclock 

Private Equity Wire

Philadelphia-based buyout firm Inverness Graham has sold Swipeclock, a US cloud-based HR management software solutions provider, to IRIS Software Group.

Inverness Graham established the Utah-based Swipeclock platform in 2017, according to a statement on Monday. The firm said that it had “transformed the business into a leading, fully integrated human resource management solutions provider, focused on helping small and medium sized businesses onboard and manage their workforces”.

Trey Sykes, Managing Principal of Inverness Graham, said that the firm’s involvement “drove substantial value creation and resulted in robust top and bottom-line growth, doubling revenue and tripling EBITDA”.

Piper Sandler and Paul Hastings advised Swipeclock.

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