ECI announces investment in CIPHR

We’re delighted to announce our investment in CIPHR, a leading UK provider of HCM solutions. The investment will support CIPHR to accelerate its ambitious growth and development plans.

CIPHR is a specialist provider of Software-as-a-Service (SaaS) HR, payroll, recruitment and learning software which connects businesses with their employees via an online platform, CIPHR Connect.

The business’ marketplace offering allows its proprietary HR software to be integrated with customers’ existing tools, taking the strain out of HR admin and improving data accuracy. CIPHR supports 300,000 employees across 50 countries globally, with customers including the Met Office, Natural History Museum and Volkswagen.

The investment marks ECI’s fifth investment in 2020. ECI’s previous investments in the SaaS space include Mobysoft, CPOMS, and Fourth.

Chris Berry, CEO, CIPHR comments:

We’re absolutely delighted to be working with ECI as our investment partner for the next stage in CIPHR’s journey. Through our people management platform, CIPHR Connect, we have established ourselves as the UK’s leading mid-market provider of SaaS HCM for organisations who want to integrate their people management software with other, best-of-breed technologies. We have ambitious plans to develop new solutions, broaden our partner offering, cultivate and expand our team of outstanding people, and continue to deliver exceptional products and services that help our customers to manage the entire employee lifecycle more effectively. Our partnership with ECI will help CIPHR to realise these goals.

Chris Berry

CEO

Stephen Roberts, Partner at ECI, said:

CIPHR is a high growth business whose services have only become more vital over the course of 2020. We are excited by the opportunity that CIPHR has to strengthen its position in the HCM market, both organically and through M&A. The management team is highly experienced with a proven track record of achieving growth and developing innovative solutions to meet the increasingly complex demands of mid-market organisations. As an experienced software investor, we’re delighted to partner with Chris and the team and look forward to supporting them over the next stage of CIPHR’s journey.

Stephen Roberts

Partner, ECI

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