PE Firm Great Hill Drops $218M For British HR Software Co.

By Tom Zanki (July 29, 2015, 1:06 PM EDT) -- British employee engagement software firm Reward Gateway said Wednesday it has been purchased by U.S. private equity firm Great Hill Partners LP for £140 million ($218.8 million) from London-based Inflexion Private Equity, a deal it says will fuel product and geographic expansion.

Reward Gateway, which provides software that helps companies recognize outstanding employees, is looking to increase the products and technology it sells to human resource departments and expand globally outside its core markets of the U.K., United States and Australia.

Great Hill's acquisition of Reward Gateway comes after more than four years of soaring growth under ownership by Inflexion, which...

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