CED Member Frontier Capital announced yesterday that it will invest in Denver-based JobApp, a recruiting and talent management system for hourly and decentralized workers.
The investment comes at a time when the market may be primed for the growth of the human capital management system sector. Research firm IDC projects that the market for human capital management applications will grow to an $11 billion industry by 2016, representing an 8% compound annual growth rate.
"Frontier Capital invests in and partners with established, growth-stage companies with strong management teams, defensible business strategies and technology platforms to scale and grow market share," said Michael Ramich, partner, Frontier Capital, in a statement. “We have deep experience helping SaaS companies at JobApp’s stage scale rapidly, and are excited to back John, Dave, and the JobApp team to capitalize on the many opportunities we see for the company.”