HRSoft Acquires CompTrak

Gryphon Investors Makes Majority Investment in HRSoft

March 3, 2026

Cloud & SaaS

Gryphon Investors completed a majority investment in HRSoft, a Denver-based enterprise compensation management software provider. Existing investor Bow River Capital retained a minority stake, and HRSoft’s executive team (led by CEO Joe Poxson) continued to manage the business.

HR Path Acquires Blueprint HR Software from Blueprint Technologies

December 4, 2025

Software

HR Path has acquired Blueprint HR Software, the HR technology subsidiary of India-based Blueprint Technologies, in a divestiture that expands HR Path’s presence and capabilities across India, the Middle East and APAC. The deal adds expertise in SAP SuccessFactors, Concur and UKG to HR Path’s HRIS offerings while Blueprint Technologies will continue to operate independently and focus on its core ERP services.

Valsoft Acquires UnionWare and MemberTrak

April 29, 2025

Software

Valsoft Corporation Inc. has acquired UnionWare and MemberTrak, two North American providers of union and association management software. The acquisitions expand Valsoft's vertical-market software portfolio and aim to preserve existing teams and client continuity while accelerating product innovation and operational support.

Salary.com Acquires CompXL (HCR Software)

November 7, 2023

Software

Salary.com has acquired HCR Software, maker of the CompXL enterprise incentive compensation planning application, and integrated it into its CompAnalyst Total Compensation Management (TCM) platform. The deal expands Salary.com's enterprise compensation planning capabilities—adding spreadsheet-like flexibility, incentive plan support (merit, bonus, commissions, LTI, equity) and broader cloud-based automation and HR system integrations.

Valsoft Corporation Acquires Datatrac Corporation

April 5, 2023

Transportation

Montreal-based Valsoft Corporation has acquired Datatrac Corporation, a 40+-year provider of cloud-based last-mile courier software based in Metro Atlanta. Datatrac will join Valsoft's Transportation & Logistics portfolio (operating alongside Aspire Software) as an add-on to expand Valsoft's logistics technology capabilities and customer offerings.

Bow River Capital Makes Majority Recapitalization Investment in HRSoft

September 13, 2022

Cloud & SaaS

Bow River Capital's Software Growth Equity team has made a majority-controlled recapitalization investment in HRSoft to accelerate the build-out of its full HCM application suite, scale operational infrastructure, and support profitable growth. As part of the transaction, Bow River fund managers John Raeder, Maitlan Cramer, and Sean O'Connell joined HRSoft's board; CIBC Innovation Banking provided debt financing and JMP Securities served as exclusive financial advisor to HRSoft.