Irish-based human resources software business HRLocker has been acquired by Britain's ISH Group. Terms of the deal have not been disclosed.
ISH expects that the acquisition will further solidify its positions as a leader in the HR software space. The company has around 3,000 customers across its subsidiaries, Jobtoolz, Homerun, Hirehive, Staff Squared and now HRLocker.
Adam Reynolds, co-founder and managing partner of ISH, said: “We’re delighted to welcome HRLocker into the ISH family. HRLocker’s commitment to supporting SMEs and its robust HRIS platform make it an excellent addition to our portfolio.
"With Crystel stepping into the CEO role, we’re confident in HRLocker’s continued success and in our shared vision for empowering businesses to attract, manage, and develop their talent.”
HRLocker has around 860 small and medium-sized business clients in Ireland and the UK, and offers management tools for employee records, time tracking, performance evaluations, absence management and other functions.
Founder and CEO Adam Coleman will leave the business, and COO Crystel Robbins Rynne will take over the CEO role.
She will be tasked with driving the next phase of development with a focus on scaling customer engagement and feature expansion.
“This new chapter with ISH will enable us to scale faster and reach even more customers. We’re excited to enhance our offerings, leveraging ISH’s resources and expertise to deepen our impact across the HR tech landscape," said Robbins Rynne.
Founded in 2013, Lahinch-based HRLocker added 50 new staff after raising €2m from investors early last year. The company previously hired 50 people in 2021.
Accounts for parent company HR Interventions Ltd show the company made losses of €1.4m in 2023 and €754,500 in 2022.
Reynolds is a backer of ISH Group, which invests in founder-run software-as-a-service (SaaS) companies and aims to back them with capital and expertise. The group is also backed by European investment fund Strada Partners.
Photo: Crystel Robbins Rynne. (Pic: Supplied)
