Warburg Pincus has taken a majority stake in Payscale, which counts SAP Ventures as one of its major investors, for $100m.
An affiliate of private equity firm Warburg Pincus has paid $100m to acquire a majority share in Payscale, the US-based creator of a database listing current market salaries.
Although Geekwire reported that Warbug Pincus had acquired some shares from existing investors, it did not provide any additional details. SAP Ventures, the corporate venturing unit of software company SAP, led Payscale’s series C round in 2007, which raised $10.3m, as well as a subsequent $7m round in 2011.
Payscale had raised…