Montréal, Québec – Hennepin Partners announced it has successfully advised Presagia on its acquisition by AbsenceSoft, a portfolio company of Norwest Venture Partners.
Presagia is a leading provider of SaaS-based leave, disability and absence management solutions for a variety of end markets.
Presagia’s software provides customers peace of mind when it comes to managing leaves and accommodations by way of its centralized system, which is supported by a continuously updated Absence Compliance Engine covering U.S. federal and state leave rules – including FMLA and ADA, and Canadian federal and provincial rules. Presagia integrates with customers’ HR systems and automates leave processes, enabling organizations to increase efficiency, minimize absence, reduce cost, and improve organizational compliance.
“To have an edge in a competitive job market, companies and TPAs are looking for every opportunity to elevate employee satisfaction, particularly in potentially stressful situations like taking a leave or longer-term absence,” said Rene Beaudoin, CEO of Presagia. “By joining forces with AbsenceSoft, we will be able to help even more companies manage employee absences and leaves, drive efficiency and stay compliant with scalable, enterprise grade software.”
Regarding Hennepin Partners, Beaudoin offered, “We really enjoyed the opportunity to work with Hennepin and valued the partnership we formed with their team. Our decision to work with Hennepin was an easy one considering their recent experience successfully advising leave and absence management providers similar to Presagia. Their understanding of our market, along with the efficient and ‘hands on’ process they ran, resulted in a fantastic outcome for Presagia and its shareholders.”