SC&H Capital served as a financial advisor to Pegged Software in its $7.5 million investment deal with SunBridge Capital Management, a private, Washington DC based investment firm formed with capital and strategic support from the Bainum family and Realty Investment Company, Inc.
Contacting a highly targeted selection of venture capital and growth equity firms, SC&H Capital advised Pegged Software through every stage of negotiations and closing.
Pegged Software announced that the proceeds from the deal would be used to expand more broadly into healthcare organizations and invest in research and development for expansion into other people-intensive industries. The company’s products reduce costs associated with turnover while improving employee and customer satisfaction.
About Our Client
Pegged Software applies big data to employee hiring and team assembly for healthcare providers, processing over three million job applications annually and helping companies reduce employee turnover by upwards of 75 percent. The company serves 119 healthcare facilities, from acute-care hospitals to long-term facilities.