Bruce Mackenzie, the founder and Managing Director of global workforce management technology company, Humanforce, today announced he was exiting the business after selling his substantial remaining stake to Silicon Valley based private equity firm Accel-KKR.
Mackenzie, who set up the business in 2002 and bootstrapped the venture for 17 years, exits with an eight-figure settlement after selling his remaining stake to Accel-KKR.
“After twenty years in the top job, the time was right to find a new challenge – something I’m very much looking forward to later this year,” he said.
“I set up the business at a time when human workforce management techniques still used pad and pencil or Excel at best, while staff had to physically clock on and off and workers were paid in cash."
“I’m incredibly proud to walk away from a business in such great shape. It’s an amazing company, with a top team. The Humanforce SAAS solution is being used across the globe and helps create better workplace outcomes for millions of people.
“The gig economy is here to stay and Humanforce is ‘front and centre’ of that movement.”
Humanforce is a SaaS workforce management solution for contingent workforces that includes core HR, time and attendance, rostering, employee availability and payroll data to manage and engage employees. It has clients all over the world including throughout Australia, Europe, Asia and North America.
Mr Mackenzie said he would take a short professional break before starting his next venture.
“There’s no rest for the 'driven'. I reckon I’m good for about three months off before I begin to get itchy feet,” he said.
“My golf game is not that good to warrant a long period of time on the sidelines. I already have an idea for my next venture, and I look forward to working on that when the time is right,” he said.