Divvy software software#

'We are excited to partner with Essex Bay who understands and appreciates our core values, and will support our vision for product innovation and growth,' said Rick McCartney, former CEO and current Board Member.Ībout Essex Bay Capital Essex Bay invests in small to mid-sized private companies, partnering with management to accelerate growth. We target platform companies of $1- 10M EBITDA at close, or $1- 10M ARR for SaaS businesses. Together with Rick McCartney's deep domain expertise, Divvy will look to expand its product suite both organically and through acquisitions,' added Yash Singh, Managing Director at Essex Bay Capital. 'Casey's extensive experience scaling digital companies will serve Divvy's customer base well. We are excited to be partnering with Casey and Rick to build a must-have solution in today's employee engagement market.' There is a pressing need for tools that improve employee retention and company culture, particularly in remote work environments and during a period of high employee turnover. Casey has a strong background in product management for fast-growing SaaS companies, and prior to joining Divvy, he was General Manager for Vaisala's Digital Lightning business unit.įranklin Foster, Partner at Essex Bay Capital said: 'Divvy has built a robust platform that is well-positioned for growth. In conjunction with the transaction, Casey McCullar has joined Divvy as its CEO, with Rick McCartney (formerly CEO) continuing his leadership of the company on the Board of Directors. In addition, Divvy intends to expand through acquisitions of complementary businesses.

The investment allows Divvy to expand its leadership team and build-out its resources in product development, customer support, and sales.

Divvy software software#

Its software platform enables employers to reduce turnover and improve culture, through a focus on recognition, values reinforcement, and open communication. Divvy is a leading provider of digital employee engagement solutions.