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.

About Cooley LLP

Clients partner with Cooley on transformative deals, complex IP and regulatory matters, and high-stakes litigation, where innovation meets the law. 

Cooley has 900+ lawyers across 13 offices in the United States, China and Europe.

This content is provided for general informational purposes only, and your access or use of the content does not create an attorney-client relationship between you or your organization and Cooley LLP, Cooley (UK) LLP, or any other affiliated practice or entity (collectively referred to as “Cooley”). By accessing this content, you agree that the information provided does not constitute legal or other professional advice. This content is not a substitute for obtaining legal advice from a qualified attorney licensed in your jurisdiction and you should not act or refrain from acting based on this content. This content may be changed without notice. It is not guaranteed to be complete, correct or up to date, and it may not reflect the most current legal developments. Prior results do not guarantee a similar outcome. Do not send any confidential information to Cooley, as we do not have any duty to keep any information you provide to us confidential. This content may be considered Attorney Advertising and is subject to our legal notices.