Software and Technology


Provider of SaaS suite of human capital management to SMBs.

Transaction Overview

  • S&W Payroll Services, LLC (dba “Netchex” or the “Company”) is a leading provider of a comprehensive software-as-a-service human resource platform. The Company offers a web-based suite of employer solutions, including payroll, human resources, time & attendance management, benefits administration, Affordable Care Act compliance, reporting, and talent management modules.

Key Observations

  • The Company sought a partner that could accelerate growth to capture further market share in new geographies, as well as build on its reputation as a market innovator.

Drivers of Interest

  • Primus’s focus on the Human Capital Management industry and track record of helping leading growth stage companies realize their potential rendered them the optimal partner to help Netchex continue to scale.
Hennepin Partners LLC