Jackson Walker Advises TimeClock Plus in Securing Majority Investment From Providence Equity Partners
Jackson Walker advised TimeClock Plus, an industry-leading workforce management software provider, in securing a majority investment from Providence Equity Partners. Financial terms were not disclosed.
Founded in 1988 and headquartered in San Angelo, Texas, TimeClock Plus provides best-in-class technology solutions that help more than 60,000 public and private sector businesses worldwide manage complex timekeeping, employee scheduling, leave management, and other workforce needs. TimeClock Plus products are offered as Software-as-a-Service (SaaS) solutions hosted in the TCP Cloud and are available to customers through purpose-built web applications, application programming interfaces (APIs), hardware terminals, and mobile applications. The products are also seamlessly integrated with more than 300 payroll, Enterprise Resource Planning (ERP) and Human Capital Management (HCM) systems that enable customers to pay their people accurately and on time.
In a September 4, 2019, announcement, TimeClock Plus CEO Ernie Nabors said: “Providence is an excellent partner for us as we embark on our next chapter of growth. Their significant software industry expertise and operational experience will be instrumental in helping us accelerate our growth strategy and identify new opportunities that further strengthen our value proposition to customers.”
Representing TimeClock Plus in the transaction was a Jackson Walker team led by Brandon C. Janes. The team included senior counsel Erik S. Romberg and associates Michael A. Flatter and Kathleen D. Cullen.
Since Jackson Walker’s founding in 1887, our attorneys have represented some of the most influential companies and business leaders in the world. Today, we remain firmly rooted in Texas while serving clients around the globe. With more than 400 attorneys across seven offices, we are the fourth-largest firm in the state and have been recognized by Law360 as a “Texas Powerhouse” and an “elite law firm” that regularly provides counsel to industry-leading clients on highly complex transactions ranging from millions to billions. To explore our experience with strategic partnerships, visit our Corporate & Securities practice page.