January 4th, 2021 – Kallidus, one of the UK’s fastest-growing software companies providing talent management software and eLearning, today announces that it will be merging with Sapling, a leading people operations platform. This merger transforms Kallidus, which is backed by Apse Capital, a European private equity firm that specializes in investing in tech-enabled B2B companies, into a full-suite Human Capital Management (HCM) software and eLearning provider, offering businesses solutions across the entire employee lifecycle.
Based in San Francisco (US) and Vancouver (Canada), Sapling is a People Operations Platform that automates people workflows -- from onboarding to offboarding and everything in between -- by connecting people data across existing HR systems to save everyone time and help people build better companies. The company, which was founded in 2017 and employs 60 people, is growing rapidly and works with 200 international clients, including the likes of InVision, OnDeck, Digital Ocean, and Coupa.
Sapling is highly complementary to Kallidus thanks to its core HR platform, specializing in employee onboarding, and shared focus on helping companies turn HR from an administrative role into a strategic function. The aligning of these two companies will help Kallidus enter the North American market as well as offer a suite of HR and eLearning solutions, at a time of growing demand for full HCM due to greater adoption of distributed and remote working practices; fiercer competition for talent; and increasing compliance requirements across industries.
Sapling is the second strategic investment made by Kallidus since Apse Capital partnered with the company in March 2019 in order to support its ambition of becoming a leading HCM software and eLearning provider. The company has already shown strong growth since then, with its recurring revenues having improved by 79% to £14.4 million as of December 2020. In March 2020, Kallidus bolstered its eLearning offering with the acquisition of Engage in Learning, a provider of high-quality, easy to use, engaging and editable digital learning. Following the merger of Sapling, Kallidus’ team is 200-strong, across offices in the UK, US and Canada.
Rob Caul, CEO of Kallidus, commented: “Sapling is an impressive business that represents an excellent strategic fit for Kallidus and we are delighted to welcome them to our team. Together, we can help meet the significant unmet demand for full HCM and eLearning solutions and provide international businesses with a one-stop solution for all their HR and eLearning needs across the entire employee lifecycle.”
Andy Crebar, CEO of Sapling, commented: “We’re excited about teaming-up with Kallidus to accelerate our mission and vision of helping People Operations and HR teams globally. By integrating with Kallidus’ existing high-quality offering and its award-winning software platform and digital content, we can take our growth to the next level. With the impact of COVID-19 accelerating demand for integrated HR software and creating new challenges for businesses around the world, we see numerous opportunities to help even more people build better companies.”
Tim Green, Managing Partner at Apse Capital, added: “Kallidus has shown impressive growth to date and Sapling, with its complementary offering, geographical footprint and ethos, will help take this growth to the next level. We look forward to continuing to help Kallidus deliver on its ambitious plans.”
Alex Jones / Mikaela Murekian / Fanni Bodri
+44 (0)207 952 2000
Kallidus is an award-winning supplier of integrated learning, performance, 360 and talent management technologies, bespoke eLearning content and consultancy services. Dedicated to customer excellence, Kallidus supports some of the world’s largest and best-known brands, including McDonald's, the NHS, Transport for London and Eurostar. Kallidus works in partnership with customers to provide innovative, trusted talent solutions that empower employees to develop continually, learn effectively and improve performance. For more information, please visit www.kallidus.com
Sapling is the leading People Operations Platform that automates people workflows -- from onboarding to offboarding and everything in between -- by connecting people data across existing HR systems to save everyone time and help people build better companies. As the platform of choice for InVision, OnDeck, Digital Ocean, Coupa and more, Sapling believes that when you create a great employee experience, People Operations can better support teams to do their best work. For more information, please visit www.saplinghr.com
About Apse Capital
Apse Capital is a London-based private equity firm that specializes in backing tech-enabled B2B information and services businesses in high-growth sectors across Europe. Apse Capital was co-founded by Tim Green, Ashley Long and Vikram Krishna, who have worked together for over fifteen years, have 80 years of combined private equity experience and over the last five years have completed a total of 24 transactions in tech-enabled businesses, with an aggregate Enterprise Value of €1.5 billion. Apse Capital typically backs fast-growing European SMEs with an enterprise value of €50-200 million. For more information, please visit www.apsecapital.com