Jeffer Mangels Butler & Mitchell LLP (JMBM) is pleased to announce that Prodoscore, a leader in employee productivity intelligence software, has received an equity capital investment from PSG Equity, a growth equity firm that partners with software and technology-enabled services companies.
“We continue to see escalating interest in solutions that help managers quickly understand and enhance employee productivity, as more and more businesses realize the power of data as a driver of company growth,” said Sam Naficy, CEO at Prodoscore in a press release. “The investment from PSG validates our long-term strategy, and we are eager to continue our partnership as we scale our business, further enhance our product offering and execute on our growth plan.”
JMBM Partner Michael Steuch led the legal team representing Prodoscore in the deal, with support from Haig Siranosian.
“It was a pleasure to provide counsel to Prodoscore throughout this transaction,” said Steuch. “Prodoscore’s innovative data visualization platform directly aligns with the shift we’re seeing towards remote and hybrid work environments, and we look forward to seeing how Prodoscore continues to innovate and expand in the future.”
Prodoscore™ is a company dedicated to empowering teams to be more effective and productive. By providing visibility into employee activities through a single, easy-to-understand productivity score, a “prodoscore” is calculated to improve workforce productivity and streamline the employee experience. Prodoscore works seamlessly with cloud tools like Google Workspace, Office365, CRM systems, and VoIP calling platforms, allowing it to be quickly implemented and maintained. Learn more at www.prodoscore.com.
About JMBM’s Mergers & Acquisitions Group
JMBM’s Mergers & Acquisitions Group represents buyers, sellers and capital providers in a wide variety of mergers, acquisitions, sales and debt/equity financings. The Group’s lawyers provide start-to-finish assistance with all aspects of structuring, negotiating, documenting and closing the deal. For more information, please visit www.jmbm.com.