Educators are increasingly turning to HRTech solutions to help them optimize their human resources and manage their staff more effectively. EQT, a private equity company, recently took a majority stake in Japan-based HRTech company HRBrain for an undisclosed sum. The company’s founder, Hiroki Hori, will remain a significant minority shareholder and CEO.
Established in 2016, HRBrain is a SaaS provider designed to help Japanese companies manage labour shortages and meet new regulatory requirements. Headquartered in Tokyo, the startup has assisted over 2,500 companies in enhancing talent engagement and management, resulting in a 60% increase in recurring revenue.
Commenting on the acquisition, HRBrain’s Founder & CEO, Hiroki Hori, said: “HRBrain has helped more than 2,500 companies solve human resources issues through SaaS-type software and consulting services. In the future, we will continue to form a strong partnership with our new partner, EQT and focus even more on promoting digital transformation (DX) in the human resources field and human capital management.”
Last week, BPEA EQT Mid-Market Growth Fund provided a capital commitment to HRBrain, allowing the HRTech company to expand its services. EQT Partner Tetsuro Onitsuka commented: “HRBrain is facing strong tailwinds such as the decreasing working population, the acceleration of the shift to job-based employment, and the demand for visualization and disclosure of human capital. We see great potential in further expanding HRBrain’s excellent products and services, and we look forward to leveraging EQT’s technology and software experience to support President Hiroki Hori and his employees as they accelerate HRBrain’s growth.”
EQT, headquartered in Sweden, is one of the world’s leading investment firms, managing JPY37 trillion ($252 billion US) in assets across Asia, Europe, and North America. It primarily invests in real estate and other businesses but also owns the US-based job site JoinHandshake.
Educators are quickly recognizing the value of HRTech solutions to help them optimize their human resources and manage their staff more effectively. The acquisition of HRBrain by EQT demonstrates the private equity company’s commitment to investing in HRTech and digital transformation. With a portfolio of over 2,500 companies, HRBrain has already seen significant success in helping Japanese companies face labour shortages and meet regulatory requirements. As EQT continues to support HRBrain’s growth, educators can expect to see even more innovative HRTech solutions to help them manage their staff and optimize their human resources.
