Stone Point Capital Takes Majority Stake in Businessolver

Businessolver Acquires The Capstone Group

February 15, 2024

Professional Services

Businessolver, a Denver-based SaaS employee benefits and HR technology provider, has acquired The Capstone Group, a firm specializing in employee benefits outsourcing, risk management and compliance solutions. The acquisition expands Businessolver's benefits technology and outsourcing capabilities—including broader deployment of the ComplianceDashboard product—and aims to deepen service support for pooled-insurance group clients; terms were not disclosed.

Stone Point Capital Acquires Majority Stake in Beeline

May 3, 2022

Cloud & SaaS

Funds managed by Stone Point Capital have made a majority investment in Beeline, the Jacksonville-based provider of cloud solutions for sourcing and managing the extended workforce. Existing investor New Mountain Capital will remain a minority investor; the capital injection is intended to accelerate Beeline's platform innovation, AI capabilities and market expansion.

Stone Point Leads Growth Investment in Bullhorn; Insight Partners and Genstar Remain Investors

September 8, 2020

Cloud & SaaS

Stone Point Capital has agreed to become the lead investor in Bullhorn, the cloud-based recruitment software provider, with Insight Partners and Genstar Capital remaining as investors. The minority growth investment (terms undisclosed) will provide capital to accelerate Bullhorn's Unified Workforce Management roadmap and support the company's continued expansion in the global staffing and recruiting market.

Stone Point Capital Invests in Lone Wolf Technologies

October 23, 2020

Cloud & SaaS

Funds managed by Stone Point Capital have become Lone Wolf Technologies' lead institutional investor, with Vista Equity Partners exiting. The growth investment will provide Lone Wolf with capital to accelerate product innovation and inorganic expansion while the management team remains in place.

Stone Point Capital Takes Majority Stake in PrismHR

December 2, 2019

Cloud & SaaS

Funds managed by Stone Point Capital LLC acquired a majority stake in PrismHR, the Hopkinton, Massachusetts–based HR technology platform. The transaction brings Stone Point into partnership with existing investor Summit Partners (which remains invested) and follows prior ownership by Accel-KKR; the investment is intended to fuel PrismHR's growth and expand its HR/payroll capabilities for SMB-focused HR outsourcers.

Businessolver Acquires Workterra to Expand Benefits Technology Footprint

October 11, 2022

Cloud & SaaS

Businessolver, a market leader in SaaS-based benefits technology, has acquired Workterra, a configurable cloud-based benefits administration and enrollment platform. The acquisition expands Businessolver's product capabilities and customer reach across employers, brokers and carriers; financial terms were not disclosed.