NexPhase Capital LP, an operationally-focused private equity firm, has invested in Selerix Systems Inc., a provider of cloud-based benefits administration and employee engagement software.
Lyle Griffin, co-founder and president of Selerix, said, “Over the last two decades, we have grown Selerix into an industry-trusted, respected brand, and we’re looking forward to entering our next chapter of growth together with NexPhase. Our extraordinary team has delivered on our mission with enthusiasm, providing innovative services and solutions that meet the evolving needs of our clients and our industry. NexPhase is an ideal partner that brings a wealth of sector knowledge, operational expertise, additional resources and a collaborative approach as we continue to scale our business and execute our shared vision to serve our clients in exciting new ways. We are thrilled to partner with NexPhase and continue driving meaningful value to our entire ecosystem of stakeholders.”
Source: Mergers&Acquisitions
By John Melendez
