NEOGOV and PowerDMS Join Forces

December 17, 2020

Willkie represented Warburg Pincus and its portfolio company NEOGOV, a market leader in public sector human resources software, in NEOGOV’s acquisition of PowerDMS.

On December 14, Willkie client NEOGOV, a market leader in public sector human resources software (and portfolio company of Warburg Pincus LLC), announced a definitive agreement to merge with PowerDMS, a leader in cloud-based compliance software that helps customers simplify how they create, track, and attest to policies, training and industry standards. The merger will expand NEOGOV’s product offerings and further demonstrates its commitment to streamlining the complex processes needed to support the public sector workforce.

NEOGOV’s full suite human capital management solution enables recruiting, hiring, onboarding, training, performance management, payroll, benefits and time and attendance processes specific to public sector and higher education organizations. PowerDMS offers a cloud-based compliance management platform that helps users reduce risk and liability. The company provides software tools to organize and manage an organization’s critical documents and industry accreditation standards and allows for training and testing of employees.

PowerDMS’ products strategically complement NEOGOV’s platform and capabilities, setting it up for the next chapter of the company’s growth. The merger will help customers solve complex human resource and compliance challenges under one roof by unifying best-in-class human resource tools and document management in an age of increased pressure for additional accountability and transparency.

Warburg Pincus LLC is a leading global private equity firm focused on growth investing. The firm has more than $56 billion in private equity assets under management. The firm’s active portfolio of more than 190 companies is highly diversified by stage, sector and geography. Founded in 1966, Warburg Pincus has raised 19 private equity funds, which have invested more than $86 billion in over 910 companies in more than 40 countries.

The Willkie team was led by partners Mark Cognetti and Manuel Miranda and associate Jeffrey Daniel.