Mr Pyne said the previous funds provided by Accel-KKR had helped the business increase in size to 75 engineers from 20 and to build out its product suite during COVID-19 to incorporate more elements of human capital management. Now, the focus is on expansion, with a chunk of the funds earmarked for acquisitions.A pipeline, and we will move much more aggressively in terms of our inorganic strategy,” he said.
Its software has now been used by 1 million workers to set their work availability, bid on and swap shifts, apply for leave and communicate with their peers and managers. It also lets workers see how long it will take them to get to a shift, and how much they will make from their shift factoring in expenses like public transport costs.
“Workforce management, irrespective of the economic cycle, tends to be very resilient. We saw record growth in June 2020, and saw it continue to accelerate throughout the two-year period,” Mr Pyne said.“We’ve gone from strength to strength in Australia and New Zealand, as well as in the UK. During the period we’ve also established some strong multinational customers in Asia.
Accel-KKR began as a partnership between venture capital royalty Accel Partners and Kohlberg Kravis Roberts in 2000, and operates independently of either company.