Vault Verify, a New Smyrna-FL-based HR technology company, received a growth investment from PSG. The amount of the deal was not disclosed.
The investment, which is Vault Verify’s first institutional capital, aims to help accelerate the company’s investment in product innovation to help HR departments be more efficient and secure. PSG’s Adam Marcus, Managing Director, and Govind Anand, Principal, will join Vault Verify’s Board of Directors, along with Brian Kelly, Senior Advisor at PSG, who will join the Board as Chairman.
“We’re proud to partner with our clients to deliver a solution that we believe alleviates significant burden from HR teams tasked with facilitating time-consuming verification processes,” said Phillip Luizzo, CEO and COO of Vault Verify. “We’re thrilled to have PSG’s support as we aim to continue our growth and give valuable time back to HR professionals so they can focus on strategic initiatives within their organizations.”
The company intends to use the funds to continue the expansion of its customer base, which includes its plan of targeting many cyber security-conscious Fortune 500 companies.