HRSoft, a leading provider of compensation lifecycle management software, today announced the expansion of its board of directors following a strategic investment in HRSoft from Gryphon Investors, a San Francisco-based private investment firm. The company has appointed Larry Dunivan as Executive Chair of the board, alongside accomplished industry executives Gab Goncalves as Vice Chair, Mike Ehrenberg, and Teresa Creech as Board Members. These appointments reflect HRSoft's next phase of growth, focused on accelerating product innovation, expanding its enterprise footprint, and pursuing strategic M&A opportunities.
Larry Dunivan appointed Executive Chair, former CEO of Namely and Mineral.
Gab Goncalves appointed Vice Chair, former Executive Chair of FieldRoutes (Gryphon portfolio company sold to ServiceTitan).
Mike Ehrenberg joins as Board Member, former Microsoft Technical Fellow and CTO of Dynamics 365.
Teresa Creech joins as Board Member, President at Beeline and former CEO of TalentWave.
Gryphon Investors has over $10 billion in assets under management.
HRSoft focuses on compensation lifecycle management software.
Larry Dunivan is a veteran HR technology executive with a proven track record of leading and scaling high-growth software companies. Most recently, he served as CEO of Namely, guiding the company through its successful sale to PrismHR / Vensure Employer Services. He previously served as Executive Chair and CEO of Mineral, which was acquired by Mitratech. Gab Goncalves is an accomplished enterprise software entrepreneur, investor, and operator with more than three decades of experience building and backing high-growth B2B SaaS businesses. He currently serves as Executive Chair of Monument Software and previously served as Executive Chair for FieldRoutes, a Gryphon B2B SaaS portfolio company acquired by ServiceTitan.
Mike Ehrenberg is a veteran technology executive with more than four decades of enterprise software experience, including 22 years at Microsoft where he served as a Technical Fellow and CTO of the Dynamics 365 Applications Group. Teresa Creech is a highly respected executive with more than two decades of leadership across HR technology, workforce management, and contingent labor solutions. She currently serves as President, MBO Partners at Beeline and previously served as CEO of TalentWave.
As Joe Poxson, Chief Executive Officer of HRSoft, stated: "We are thrilled to welcome Larry, Gab, Mike, and Teresa to the HRSoft board. Their expertise across HR technology, enterprise software, and scaling growth businesses will be instrumental as we continue building the most flexible and enterprise-ready compensation platform in the market. This board strengthens our ability to scale with discipline while continuing to innovate for our customers."
Larry Dunivan, Executive Chair of HRSoft, added: "HRSoft is at an exciting inflection point, and I'm honored to take on the role of Executive Chair at such a pivotal moment. The combination of Gryphon's investment, an exceptional leadership team, and a product that truly solves the complex challenges of compensation management puts us in a strong position to accelerate growth and deliver real value to our customers."
Jon Cheek, Partner & Co-Head of Gryphon Software Group, said: "HRSoft has established itself as a leader in compensation lifecycle management, addressing a critical and increasingly complex need for modern enterprises. We are excited to support the company's next phase of growth alongside an exceptional leadership team and a highly experienced board. These appointments reinforce HRSoft's strategic vision and position the company for continued innovation and expansion."
About HRSoft
HRSoft is a leading provider of compensation lifecycle management software, delivering Intelligence for the Next Era of Compensation. Its portfolio of compensation-focused solutions helps organizations simplify and optimize complex compensation programs.
About Gryphon Investors
Gryphon Investors is a leading middle-market investment firm focused on competitively-advantaged companies in the Business Services, Consumer, Healthcare, Industrial Growth, Software, and Technology Solutions & Services sectors. With more than $10 billion in assets under management, Gryphon partners with management teams to accelerate growth and generate enduring value through its integrated deal and operations business model.
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