SaaS Capital Portfolio Company, Humanity, Announces Acquisition by TCP

CINCINNATI & SEATTLE, December 03, 2020 – SaaS Capital, the leading credit provider to software-as-a-service (SaaS) companies, congratulates portfolio company Humanity on its acquisition by TCP (TimeClock Plus).

Humanity is an industry-leading cloud-based employee scheduling platform that enables its customers to easily and accurately create dynamic schedules for staff. The feature-rich, proven scheduling solution will be integrated into TCP’s cloud-based workforce management software suite. The company had the following to say:

“Humanity’s mission is to give organizations better control over their work schedules while ensuring maximum productivity, and this move will help us achieve that mission on an even larger scale than before,” said Chris Amani, CEO at Humanity. “We are delighted to align ourselves with TCP and incorporate our scheduling tools into their comprehensive workforce management suite of solutions.”

Details of the acquisition can be found here.

About Humanity

Humanity offers a cloud-based employee scheduling platform that accelerates schedule creation by up to 80 percent. The platform provides organizations of all sizes with unprecedented insight into their operations, empowering them with actionable data to optimize staffing based on historical sales and sales forecasts, employee skill set, and staff availability. Since 2010, more than 7,000 customers representing 1.3M users have scheduled over half-a-billion shifts on Humanity. Visit www.humanity.com to learn more.

About TCP

For more than 30 years, TCP (TimeClock Plus) has helped organizations engage their people by providing flexible, mobile timekeeping and workforce management solutions. Trusted by tens of thousands of customers and millions of users, TCP delivers best-in-class technology and personalized support to organizations of all sizes in the public and private sectors to meet their complex timekeeping, employee scheduling, leave management, and other workforce needs. Visit www.tcpsoftware.com to learn more.

About SaaS Capital

SaaS Capital is the leading provider of growth debt designed explicitly for B2B SaaS companies. SaaS Capital’s growth debt is structured to provide a significant source of committed funding, deployment flexibility, and lower overall cost of capital, all while avoiding the loss of control associated with selling equity. SaaS Capital was the first to offer lending alternatives to SaaS businesses based on their future recurring revenue. Since 2007, SaaS Capital has deployed $209.5 million in growth debt to deliver better outcomes for 60+ clients, resulting in $753 million in total enterprise valuation created. Visit www.saas-capital.com to learn more.