H.I.G. Capital, LLC (“H.I.G.”), a leading global private equity investment firm with more than $25 billion of equity capital under management,* is pleased to announce that one of its portfolio companies, Salary.com, LLC (“Salary.com”), has acquired Compdata Surveys & Consulting (“Compdata”), a national compensation and data consulting firm.
Headquartered in Olathe, KS, Compdata has compiled one of the most comprehensive databases in the U.S. market and is a market leader in fast-growing verticals including healthcare, logistics, and higher education. For over 20 years, Compdata’s team of compensation and benefits experts have partnered with employers to help them recruit, retain, and engage their employees.
The combination of Salary.com and Compdata leverages data from more than 10,000 companies and offers the broadest and most complete set of vertical market jobs and pricing available today. With 25,000 job titles and descriptions worldwide, powered by an advanced analytics platform, the combined company dramatically expands the capacity of compensation professionals to identify, match, and price jobs across all regions and industries for compensation planning, candidate recruiting, employee engagement, and workforce retention.
“This transaction extends the value Salary.com can deliver, enhancing our offering with new and complementary data sets including improved coverage of specific vertical segments. Today, we can deliver an unparalleled offering of worldwide data and analytics to our customers, large and small,” said Kent Plunkett, Founder & CEO at Salary.com.
“As I contemplated the next step in our growth, it was critically important to me to partner with a leading technology player, who could extract and deliver even greater value from all of our data. It was also important to me to find a like culture focused on employee engagement and growth, and on customer partnership and success. I could not be happier as we take a big step forward for us and for our customers with Salary.com,” said Robert Sinn, Principal at Compdata.