LOS ANGELES, November 11, 2021 – Marlin Equity Partners (“Marlin”) is pleased to announce that it has acquired the purpose-built applicant tracking and onboarding solutions, PeopleMatter and HiringManager (collectively, “PeopleMatter”), from Snagajob. PeopleMatter offers mobile-first solutions for hiring, training, onboarding and performance management that help increase operational efficiencies by reducing the time managers spend on hiring by providing real-time access to talent through its mobile app and seamless monitoring of compliance regulations. PeopleMatter will be merged with Fourth, an existing Marlin portfolio company, providing Fourth with expanded hiring and onboarding capabilities to further enhance its end-to-end workforce solution, and creating a more comprehensive solution to address the hourly workforce.
“The acquisition of PeopleMatter is highly complementary and further solidifies Fourth as a leading end-to-end workforce solution for restaurant, hospitality and retail businesses,” said Clinton Anderson, CEO of Fourth. “This acquisition demonstrates our commitment to improving our customers’ operations, efficiency and profitability, while also providing additional resources to increase engagement, satisfaction and quality of life for hourly workers.”
“This is an incredibly exciting new chapter for our platform and we are ecstatic to partner with the Fourth team to offer unparalleled service quality to our combined customer base and employees,” said Kristina Gansser, General Manager of PeopleMatter. “We are passionate about delivering a seamless, easy-to-use applicant tracking and onboarding solution to improve the lives and efficiency of hourly workers and believe the combination with Fourth is the perfect path to achieve that objective.”
“PeopleMatter adds vital capabilities and new feature functionalities to Fourth’s existing workforce management and operations platform and further accelerates our momentum in the market,” said Nathan Pingelton, a managing director at Marlin. “We remain extremely excited about the broader market opportunity and believe the combination with PeopleMatter strengthens Fourth’s positioning as an end-to-end, vertically-focused workforce management solution that is able to serve operators of all sizes.”
About Fourth Enterprises
Fourth Enterprises, the parent company of HotSchedules and Fourth, is a leading provider of end-to-end technology and services for the restaurant, hospitality and retail industries. The company’s inventory and workforce management solutions, coupled with its comprehensive data and analytics suite, give operators the actionable insights they need to control costs, scale profitability, improve employee engagement and maintain compliance. Headquartered in Austin, Texas, Fourth Enterprises serves more than 7,000 customers across 120,000 locations globally. For more information, please visit www.fourth.com.
About Marlin Equity Partners
Marlin Equity Partners is a global investment firm with over $7.7 billion of capital under management. The firm is focused on providing corporate parents, shareholders and other stakeholders with tailored solutions that meet their business and liquidity needs. Marlin invests in businesses across multiple industries where its capital base, industry relationships and extensive network of operational resources significantly strengthen a company’s outlook and enhance value. Since its inception, Marlin, through its group of funds and related companies, has successfully completed over 190 acquisitions. The firm is headquartered in Los Angeles, California with an additional office in London. For more information, please visit www.marlinequity.com.
For additional information, please contact Peter Spasov at (310) 364-0100 or via email at pspasov@marlinequity.com.