Aasonn Secures $20M Investment from LLR Partners
Private equity capital to enhance implementation business and advance HR BPaaS solution
Naperville, IL and Orlando, FL – June 4, 2014 – Aasonn, LLC, a global technology services partner to SAP SuccessFactors, today announced the completion of a $20M investment by private equity firm LLR Partners. The financing will be used to further develop the company’s Business Process as a Service (BPaaS) offering and expand its existing implementation business. Aasonn made the announcement and debuted its new “Go Beyond Go-Live… Go Thrive” brand from the SAP SAPPHIRE NOW + ASUG Conference in Orlando, Fla., booth #665.
Aasonn’s BPaaS solution will deliver outsourced HR services via cloud technology, enabling companies to standardize their HR processes against industry best practices, automate workflows, access advanced reporting and analytics, improve efficiency while lowering costs, and, most importantly, put the employee experience at the forefront.
As SAP SuccessFactors’ most experienced global partner, Aasonn will build on its core strengths as an HR and Talent Management technology consulting firm to become the first pure-play SuccessFactors HR BPaaS solution provider. Over the last seven years, Aasonn has served more than 1,600 SuccessFactors customers in 30 countries.
“Aasonn is bringing to market the first HR BPO solution using SuccessFactors’ SaaS platform,” says Allen Peterson, President and CEO of Aasonn. “It’s a game-changer that will revolutionize the concept of HR Outsourcing today and enable customers to rely on Aasonn as a well-capitalized, experienced partner in the SAP ecosystem. LLR’s expertise in the tech-enabled services industry and access to a rich network of talent will be invaluable resources as we continue to develop this offering.”
“Delivering HR services and solutions through a BPaaS model is the next evolution of HRO,” says Todd Morrissey, Partner at LLR Partners. “The combination of Aasonn’s unrivaled HR domain expertise and exclusive focus on cloud-based solutions has enabled the company to become SuccessFactors’ most experienced global partner. We are excited to partner with the Aasonn team as they leverage this foundation to provide an even higher level of customer service to the increasing number of customers looking for next-generation HR solutions.”
Aasonn is a global provider of HR and Talent Management cloud based solutions with deep HR strategy and HR transformations expertise. Aasonn delivers its services from offices in North America, Europe, and Asia Pacific. Aasonn is an SAP Partner and SuccessFactors Consulting Services Partner focused on the SAP SuccessFactors suite of products. For more information about Aasonn, visit www.aasonn.com.
About LLR Partners
LLR Partners invests in middle market growth companies with proven business models in a broad range of industries, including business services, consumer and education, financial services, government services, healthcare services and software and IT services. With more than $2 billion raised across four funds, LLR provides capital for growth, recapitalizations and buyouts. For more information about LLR, visit www.llrpartners.com.
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