The Intel Capital-backed employee management software provider was taken over by HighBar for an undisclosed amount.

SilkRoad Technology, a US-based human resource platform developer backed by semiconductor manufacturer Intel’s corporate investment arm, Intel Capital, was acquired by private equity firm HighBar Partners last week.

In addition to the acquisition, HighBar is leading a new equity round for SilkRoad, the amount of which is undisclosed, that also features Foundation Capital and Two Sigma Ventures.

Founded in 2003, SilkRoad provides cloud-based human resources software that helps businesses attract, onboard, develop and retain employees. The proceeds from the equity…

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Fernando Moncada Rivera

Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
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