PR89335

PARIS, May 5, 2021 /PRNewswire=KYODO JBN/ --

HR Path, a member of French Tech, has announced a EUR113 million financing from

banks, to accelerate its growth and become the global reference in terms of

human resources.

HR Path offers a support service for the HR performance of companies. These

services cover HR transformation consulting, implementation of software

solutions and payroll outsourcing (BPO).

This new round of financing was made possible by the following banks: Societe

Generale, BNP, Credit Agricole, Banque Palatine, LCI and Caisse d'Epargne. The

total amount is EUR113 million and will give HR Path the means to achieve its

goals.

HR Path plans to expand its value proposition in all countries where the group

is already present, with priority given to the United States, United Kingdom,

Germany and Spain.

HR Path also announce today the acquisition of Whitaker-Taylor is an HR

technology consulting firm with expertise in SAP SuccessFactors and SAP HR.

Founded in 2007, they find strength in their team members and global customer

base with a strong presence in the US and in Europe.

"We would like to thank our banking partners and our advisors, Volt Associés,

who have supported us in this adventure. The HR transformation is accelerating

given the current health constraints. In recent months, human capital issues

have become a priority: talent management and adaptation to change are

increasingly critical and the use of outsourcing of the HR function and in

particular payroll is growing. HR Path is positioned to meet the new challenges

facing companies in the field of human resources. This new round of financing

supports our development ambitions to support our current and future

customers," said François Boulet and Cyril Courtin, founding partners of HR

Path.

About HR Path

HR Path, a global leader and expert in the field of human resources, supports

companies for whom human capital is at the heart of their digital

transformation. Advise, Implement & Run are the 3 levers of the HR Path Group

to improve the HR performance of organizations. Founded in 2001 HR Path serves

more than 1,300 customers in 18 countries. Its turnover is currently $130

million.

Please visit www.hr-path.com and follow us:

https://www.linkedin.com/company/hr-path.

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Press Contact:

fabienne.latour@hr-path.com

Source: HR Path