Magnit, Inc
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Magnit, Inc - overview
Established
1991
Location
Folsom, CA, US
Primary Industry
Software
About
Based in California, US, and founded in 1991 and led by Chief Executive Officer Teresa Carroll, Magnit Inc, formerly PRO Unlimited, operates as a software company providing a workforce management platform for compliance issues related to contingent workers, including independent contractors, consultants, temps, and freelancers. In June 2021, EQT agreed to acquire a majority stake in PRO Unlimited Inc. from Investcorp. Magnit offers a comprehensive suite of workforce management solutions tailored to meet the evolving needs of organizations.
Their services include Vendor Management System (VMS), Managed Service Provider (MSP), Employer of Record (EOR), and Services Procurement offerings that empower businesses to efficiently manage their contingent workforce, streamline processes, and secure talent.
Current Investors
Primary Industry
Software
Sub Industries
Analytics & Performance Software, Application Integration Software, HR & Workforce Software, Systems Management Software
Website
www.magnitglobal.com
Verticals
Cloud Computing
Company Stage
Mature
Total Amount Raised
Subscriber access only
Magnit, Inc - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on, Corporate Carve Out | Completed | Azbuka Vkusa | - | ||||||||
| Add-on, Trade Sale | Announced | Geometric Results Inc. | - | ||||||||
| Add-on | Completed | WillHire Inc | - | ||||||||
| Add-on, Trade Sale | Announced | APC Workforce Solutions, LLC | - | ||||||||
| Secondary Buyout | Completed | Magnit, Inc | - |
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