PeopleDoc Sells to Ultimate Software

New York – September 12, 2018 – Cooley advised cloud-based HR company PeopleDoc on its sale to Ultimate Software for approximately $300 million. Partners Stephane Levy and Meredith Beuchaw led the Cooley team advising PeopleDoc on the transaction, which closed in late July.

PeopleDoc will continue operating globally as a wholly owned subsidiary of Ultimate, delivering, selling and supporting cloud-based HR service delivery solutions that integrate with multiple human capital management platforms to organizations based in North America and Europe.

“As a startup, we’ve had to evolve time and time again to stay ahead of the market,” said PeopleDoc co-founder and CEO Jonathan Benhamou in a news release. “Now we are entering a new chapter in our journey to help HR teams worldwide change the world of work. By joining Ultimate, we are creating an amazing combined team, driven by the same core values and same 100% dedication to HR.” 

PeopleDoc, based in Paris, was founded in 2007 with the mission of making it easier for HR teams to elevate the level of service they provide to their employees. It has more than 1,000 customers with users in 180 countries.

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Related Contacts
Stephane Levy Partner, New York
Meredith Beuchaw Partner, New York
William Corcoran Partner, Boston
Boris Segalis Partner, New York
Darren DeStefano Partner, Reston
Joshua Friedman Partner, Boston
Eric Tobias Special Counsel, Washington, DC
Erin Stafford Associate, New York