April 14, 2023

Gauge Capital Closes Sale of Circa to Mitratech

 April 2023 

Southlake, TX – Gauge Capital (“Gauge”), a leading middle market private equity firm, has announced the sale of Infosoft Group (d/b/a “Circa”) to Mitratech.  Headquartered in Milwaukee, Wisconsin, Circa is a market-leading, technology-enabled provider of solutions that empower organizations to build diverse workforces and comply with Office of Federal Contract Compliance Program (“OFCCP”) regulations.

“We invested in Circa to accelerate the growth of its differentiated and best-in-class diversity and compliance products.  We are grateful to have worked alongside Scott Molitor (founder), Patrick Sheahan (CEO) and the Circa management team to scale the business,” said Tom McKelvey, Co-Founder and Managing Partner at Gauge Capital.

“Gauge Capital has been a valuable partner in building a scaled provider of talent acquisition compliance solutions at Circa.  We look forward to Circa’s next chapter with Mitratech. The opportunity to deliver a fully integrated, end-to-end talent acquisition and management experience that benefits clients, candidates and the market more broadly is exciting for our customers and employees.” said Patrick Sheahan, CEO of Circa.

TD Cowen served as exclusive financial advisor and Ropes & Gray served as legal counsel to Circa on the transaction.

About Gauge Capital (www.gaugecapital.com)
Gauge Capital is a leading middle-market private equity firm based in Southlake, Texas. Gauge invests in five key sectors: business services, food & consumer, government & industrial services, healthcare, and technology. The Firm manages more than $2.0 billion in capital and in 2020, 2021 and 2022, Inc. Magazine named Gauge one of the top private equity firms for founders. In 2021, 2022, and 2023 Gauge was also named to the Top 50 PE Firms in the Middle Market by Grady Campbell. In 2022, Gauge ranked in the top 5 out of 517 private equity firms in the HEC Paris – DowJones Small-Cap Buyout Performance Ranking. For more information, please contact Andrew Peix, Managing Director of Business Development at apeix@gaugecapital.com. 

About Circa (www.circaworks.com)
Milwaukee-based Circa is a catalyst for 21st-century companies to build high-performing diverse teams based on research that shows companies want to shift from diversity as a program to diversity as a business strategy. The company’s robust portfolio of software solutions and unparalleled industry expertise give employers the tools and knowledge they need to radically change how they approach talent acquisition and management. The company has 5,000+ customers, 15,500 community partner relationships, and in 2022 posted 8M+ jobs through its network of 600+ online employment websites. 

About Mitratech (www.mitratech.com)
Mitratech is a proven global technology partner for corporate legal, risk, compliance, and HR professionals seeking to maximize productivity, control expense, and mitigate risk by deepening organizational alignment, increasing visibility, and spurring collaboration across an enterprise. Mitratech serves over 10,000 organizations worldwide spanning more than 160 countries.

Disclaimer: From time to time, Gauge may be recognized or ranked by independent third-party rating services or publications. Such recognitions or rankings are generally based on information prepared or submitted by the recognized advisory firm, and are usually limited only to those advisory firms who choose to participate in such surveys. Any third-party recognition or ranking that may be included should not be construed as a guarantee that any client or prospective client will experience any specific level of investment performance or receive any specific level of customer service, as a result of such recognition or ranking. Furthermore, any such recognition or ranking should not be construed as an endorsement by any of Gauge’s clients. As such, clients and prospective clients should not put undue reliance on any of these statements.