VENTURE CAPITAL / PORTFOLIOprivate Equity / PORTFOLIO

Ascender HCM

Ascender is a leading multi-country payroll services provider in the Asia-Pacific. Ascender employs over 750 staff in 14 countries across the region with regulatory compliance and delivery capability across 30 Asian countries. The Company serves over 1,800 clients paying over one million employees in a broad range of sectors. Ascender maintains a blue-chip client base including leading multinational banks, telecommunication companies, retailers, state and national Governments and educational institutions. Ascender offers payroll outsourcing and cloud-based enterprise integration for businesses seeking to incorporate streamlined payrun capabilities across multi-countries through leading technology and innovative processes. Ascender’s services are delivered via proprietary, fully owned software which is integrated with leading ERP systems including Workday, Oracle and SAP.

In 2021, Ascender was sold to Ceridian, a global leader in human capital management (HCM) technology, facilitating Five V’s exit.

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NUMBER OF EMPLOYEES

760

HEADQUARTERS

Sydney

ownership

Majority Partnership

Stage of investment

Fund I | Exited

key initiatives

Growth Capital / Technology Investment / M&A / Talent Investment

industry

BPO

investment date

April 2015