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Private equity invests $25 million in software provider erecruit

July 10, 2014

erecruit Holdings LLC, a provider of enterprise software for staffing firms, received a $25 million minority investment from private equity firm North Bridge Growth Equity.

The growth funding, which is the first institutional investment in Boston-based erecruit, will be used for additional team members and investment in product innovation, according to the company.

“We've made great progress over the past few years with triple-digit annual revenue growth, and this round of financing will be instrumental as we continue to invest in our people and our products in order to further fuel the success of our customers,” said Judd Hoffman, co-CEO of erecruit.

North Bridge has offices in Palo Alto, Calif., and Waltham, Mass.