JobReady was looking to partner with an experienced technology investor to accelerate its growth in its core markets, as well as by launching new products and technologies. The owners believed Pemba Capital Partners stood out due to its strong track record of supporting technology providers to achieve sustainable growth, by balancing organic product and business development with growth through value-enhancing bolt-on acquisitions and strategic partnerships.
The Deal
Pemba Capital Partners, a leading investor in the Australian and New Zealand technology sector, has invested in JobReady, the number one provider of modern and mobile software for the Education and Employment sectors.
About JobReady
Founded over 20 years ago, and based in Sydney, JobReady (www.JobReady.com.au) provides modern and mobile SaaS platforms to assist a wide range of Education and Employment services providers to assess, assist, educate and employ participants, while maintaining their ongoing compliance requirements. JobReady partners with its clients to deliver operational efficiencies, a platform to support business growth and a strong customer experience.
Background to Pemba Capital Partners’ Investment
The JobReady management team were keen to work with an investor that could help them reach the next stage of their development. Pemba stood out because of its proven track record of partnering with technology providers. The partnership with Pemba allows JobReady to accelerate expansion, through both organic growth and extending the range of services and solutions provided.
JobReady Management Team
Pemba has backed JobReady’s highly experienced, incumbent management team led by Marc Washbourne (CEO).
Marc has been with the company since 1999, moving into the Managing Director role in 2006. In this time, he has overseen the continued growth of the company and now heads a team of 30 working to service a customer base of over 300 across Australia and beyond.
The Owner’s Perspective
Market Growth Drivers
The constantly changing regulation and move to an outcomesbased funding model has driven complexity in compliance.
Student/candidate administration is a core part of the education and employment services value chain.
The Future
Pemba will work in partnership with the JobReady management team to grow the business both organically and through carefully selected acquisitions to meet the increasing demand for its services. Pemba will help JobReady to assess and implement value enhancing strategies across its operational value-chain (sales, development, support).
Click to download PDFPemba Capital Partners & Technology Investing
Pemba is a leading investor in the Australian and New Zealand technology sector, with investments in Placard (the regional leader transaction card payments technology), HR3 (a payroll and HR software provider) and now JobReady. Pemba’s team is looking to invest in further high-quality technology providers. If you are considering outside investment and would like to find out more about how Pemba partners with its investee companies to achieve significant growth, please call Dan Murray on 02 9256 6399 or email danm@pemba.com.au.
