PeopleClick Merges with Authoria

Bedford Funding, a White Plains, NY-based private equity fund, has purchased PeopleClick, a Raleigh, NC-based maker of software for employee recruitment and human resources management, for $100 million, and, according to a press announcement released yesterday, and plans to merge it with Waltham, MA-based rival Authoria, which it purchased last year for $63 million. The combined company, to be called Peopleclick Authoria and led by Bedford managing partner Charles Jones, will count nearly 60 of the Fortune 100 among its clients, according to the announcement. Waltham, MA-based Charles River Ventures was among Peopleclick’s original investors, according to a report in Dow Jones VentureWire.

Wade Roush is a freelance science and technology journalist and the producer and host of the podcast Soonish. Follow @soonishpodcast

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