Hyndland Partners acted as financial advisor to the Daxtra Group (“Daxtra”), a leading provider of AI-enriched talent acquisition software, in securing a majority growth investment from Strattam Capital (“Strattam”).

Daxtra, founded in 2002 by Andrei Mikheev and Steven Finch, has pioneered AI-driven software for the talent acquisition ecosystem. Its technology is mission-critical to over 2,500 clients that recruit on a global scale. Last year alone, Daxtra processed over 1 billion resumes across 40 languages. It supports customers globally via offices in Europe, North America, and Asia-Pacific.

Strattam has more than $1bn in assets under management, and most recently announced a third fund of $308 million. It typically makes majority growth investments in companies with up to $100m in enterprise value. This flagship investment in Daxtra underscores Strattam’s commitment to supporting high-growth, innovative companies. Furthermore, its track record in HR and recruitment technology positions Daxtra to capitalise on growing demand in North America.

Andrei Mikheev commented, “The investment by Strattam will allow us to accelerate growth in North America, while continuing to provide the superior customer service and great products that our customers expect.”

Jonathan Busch, Principal at Strattam Capital, added, “We’re excited to partner with Andrei and Steve to help bring their differentiated products to the wider world. Strattam’s mission is to work with great founders who have built great businesses, and the Daxtra team has proven again and again over their 20 years that advanced AI technologies can be harnessed effectively and safely to solve real world problems.”

Hyndland Partners’ was recently appointed by an acquisitive North American software group to advise on the deployment of $125m before 2024.

We are targeting acquisitions of B2B software or technology-enabled businesses with the following characteristics

• Based in the UK or EEA
• >$750,000 in TTM EBITDA
• Over 60% of revenue must be recurring
• Profitable, or a clear path to profitability within one year

Hyndland Partners acted as exclusive buy-side advisor to Volaris Group, an operating group of Constellation Software Inc., on its acquisition of Alpine Testing Solutions Inc. (”Alpine”).

Founded in 1991 and based in Utah, Alpine is a leading provider of psychometric consulting and test security services for credentialing and licensure programs. It helps organizations build and protect high-quality assessment programs that are fair, reliable, and defensible. The company partners with certification bodies, professional associations, and credentialing organizations to design, develop, and secure high-stakes examinations, serving clients such as Microsoft, Google, Amazon, Cisco, ESRI, and Dell.

The transaction marks Volaris’ entry into the workforce management vertical, expanding its presence into the credentialing and professional certification ecosystem.

Hyndland Partners supported Volaris throughout the acquisition process. Leveraging our deep expertise in software and technology-enabled professional services, we identified Alpine as a uniquely positioned platform with a trusted brand, durable customer relationships, and an experienced management team well aligned with Volaris’ long-term ownership model.

Mike Borello, Group Leader at Volaris Group, commented:

“Alpine Testing Solutions Inc. has built a trusted reputation in professional certification, helping organizations worldwide uphold the integrity and value of their credentialing programs”. “We are proud to welcome Alpine into Volaris Group and to support their next chapter of growth with a permanent home and long-term commitment.”

Stephen Price, CEO of Alpine Testing Solutions, added:

“We are thrilled to join Volaris Group, a company known for its proven best practices, strong commitment to developing talent, and supporting the growth of its businesses”. “Volaris’ dedication to long-term success and its collaborative approach give us the confidence that our mission to strengthen credentialing programs and protect the value of certifications for professionals will be supported.”