PerformYard Announces $95 Million Equity Investment from Updata Partners

PerformYard, a leader in performance management, is excited to announce a significant $95 million equity investment from Updata Partners, a growth equity firm based in Washington D.C. 

With remarkable growth in the last four years and recognition as the #1 ranked Performance Management System for customer satisfaction by G2 in 2023, PerformYard is poised for expansion. The partnership with Updata Partners is a natural evolution, aiming to tackle the challenges organizations face in performance management and better serve clients.

The investment will be strategically used to accelerate hiring across all departments, reinforcing PerformYard's dedication to its people and clients. Updata's General Partner, Carter Griffin, will also join PerformYard's Board of Directors, contributing to the company's strategic growth. 

As organizations worldwide grapple with the challenges of employee performance reviews, PerformYard stands out as a solution-driven platform committed to enhancing employee performance, engagement, and talent management. 

To dive deeper into this exciting announcement and explore PerformYard's impact on the performance management landscape, read the full details here.