Catalyst Investors Sells its Stake in Ascentis

Catalyst Investors Sells its Stake in Ascentis

Catalyst Investors Fund III successfully exited its investment in Ascentis, a leading provider of Human Capital Management (HCM) products including HR management software and payroll services to middle-market companies. Catalyst sourced the company directly through its network and has been a control investor with Tyler Newton, Susan Bihler and Chris Shipman as board members since 2012. Under Catalyst’s ownership, company revenues have grown from $10mm to $28mm, at a compound annual growth rate of 30%.  Summit Partners is the new control investor.