Resourcing Edge Human Resources, an industry-leading HR management solutions provider, today announced it raised $3.65 million of growth capital from a California-based private equity investor group, Central Valley Fund II (“CVF”) which will allow the company to further expand its product capabilities and scope of operations.
Resourcing Edge has experienced significant and consistent growth, with revenue increasing by more than 50 percent in 2011 and 2012. This growth is attributed to Resourcing Edge’s recognized leadership position in the PEO and ASO market and the high demand for increased organizational efficiencies in the HR management process for small businesses.
“Resourcing Edge is transforming the way companies manage their HR,” said Ted Crawford, CEO and founder of Resourcing Edge. “Our new investor recognizes the tremendous opportunity for cloud solutions, along with on-the-ground services to streamline HR management for small businesses. With this investment, we will continue to deliver leading-edge technology that makes the HR management process more efficient, compliant, and a better experience for all.”
U.S. companies hired 52 million employees in 2012, according to the U.S. Bureau of Labor Statistics. Resourcing Edge is uniquely positioned to capitalize on the HR industry’s high demand for a cost-effective and compliant hiring process.
Ted Crawford, further commented, “We’re incredibly excited about this investment which fully funds our accelerating growth trajectory. We’re growing and scaling to meet the specific HR needs of small businesses, in any industry.” He continued by saying that “given the rapid growing Texas economy, state GDP rose 4.8% in 2012, and the recovering economy in California, which grew 3.5% and is a $2 trillion economy, provides REI some great opportunities to grow.
The employee lifecycle consists of recruiting, hiring, and employing; and Resourcing Edge picks up where recruiting leaves off. Its technological solutions automate the undeniably complex HR process so companies can manage all activities electronically, including employee handbooks, payroll and employee benefits, E-Verify, new hire forms and I-9s, and more. These solutions integrate seamlessly with employer tracking systems on the front end, and HR management and payroll solutions on the back end. The result is a single solution that provides HR managers increased efficiencies, assured compliance, and an overall better experience. Resourcing Edge specializes in navigating the ever changing regulatory environment that burdens small and mid-sized businesses, allowing companies to focus on the core products and services they were formed to deliver rather than the constant distractions related to employment.
Jose Blanco, a partner at CVF, stated, “What impresses us most about Resourcing Edge is their strong management team and solid operating platform which, when coupled with their award-winning service, provides the HR industry with a solution it has been seeking for some time. This investment also accelerates Resourcing Edge’s growth and creates new job opportunities in the U.S Southwest during a period of high unemployment.”
About Resourcing Edge
Resourcing Edge, LLC (Resourcing Edge) is Headquartered in Rockwall, Texas, and has offices in Colorado, Arizona, California, Oklahoma, New Jersey, Texas and Georgia. The Company has an extensive team of service professionals that support over 1,000 companies throughout the country. For more information, please visit http://www.resourcingedge.com