INSIGHT / News
March 01, 2007
CID Capital Closes Investment In Pinstripe, Inc.
Indianapolis, IN -- CID Capital (CID), a leading provider of investment capital to private companies headquartered throughout the United States, is pleased to announce its investment in Milwaukee-based Pinstripe, Inc. CID joined Baird Venture Partners and State of Wisconsin Investment Board (SWIB), both of whom were existing investors in Pinstripe.
Pinstripe, lead by CEO Susan Marks, fulfills the highly challenging recruitment and talent acquisition needs of specialized organizations in a variety of sectors, including financial services, healthcare and technology industries through Recruitment Process Outsourcing (RPO) and other related services. Pinstripe provides its clients with an end-to-end outsourcing solution that operates as the clients' internal recruitment function for all or a portion of the positions they seek to fill. Pinstripe's flagship solution, Requisition-to-Results® (R2R), enables large companies to enhance their performance by using world-class processes and technology to significantly improve the speed, quality and cost effectiveness of their talent acquisition and management. The R2R process then integrates these new hires into the organization quickly and effectively, ensuring the best possible workforce and greatest competitive advantage while minimizing the risks associated with compliance and security issues.
"Pinstripe is participating in a rapidly growing market, and the company has the right leadership to continue its impressive growth," states CID Managing Director Robert J. O'Brien. "Business leaders in the healthcare, financial and technology arenas have great demands on their time and talent, and they welcome the opportunity to turn over to experts in the field the task of adding the best possible people to their workforce."
CID Managing Director and Pinstripe Board member Raj Pai adds, "It is extremely gratifying to be able to participate in Pinstripe's ongoing growth and success. Pinstripe not only provides a unique service but also has the management talent and professional acumen that is so critical to both the Company's success and to the success of those who seek their services."
"CID's investment in Pinstripe further validates both the RPO sector and Pinstripe's uniquely effective approach to Recruitment Process Outsourcing (RPO)." continues Pinstripe CEO Marks. "We are very excited to work with such an established financial partner to help us accelerate our growth and continue our record of superior service delivery and results to our impressive list of major organizations."
About Pinstripe, Inc.
Pinstripe, Inc. is a leading human resources and recruitment outsourcing partner that designs, builds and manages technology-based talent acquisition and management systems for a variety of industries. An innovator in recruitment and employment process outsourcing, Pinstripe's proprietary Requisition-to-Results® (R2R) platform is the first solution of its kind to integrate sourcing, recruiting, hiring, on-boarding, acquisition and retention. By partnering with Pinstripe, clients are able to maximize the economic, operational and strategic benefits of a high performing workforce, while minimizing compliance, security and other risks.
Pinstripe's fast growing Healthcare Group specializes in developing and deploying transformational talent solutions that enable clients to provide high-quality patient care that balances staffing costs with employee satisfaction. The group offers an array of strategic human resource consulting, recruitment partnerships, staffing and scheduling solutions.
For more information about Pinstripe, please visit http://www.pinstripetalent.com
About CID Capital
For over twenty-six years, CID Capital has been contributing to the success of entrepreneurial businesses throughout the United States. CID has financed the growth plans of more than 100 portfolio companies, assisting with the success of emerging technology companies, funding management buyouts, supporting acquisition strategies, and helping position companies for their initial public offerings. CID's experience in meeting the capital requirements of its portfolio companies has enabled our investment professionals to develop the skills and insight to structure financial arrangements that are both fair and effective. CID Capital's investment teams have financial expertise and are known, as well, for their operational backgrounds, ability and willingness to assist their partners in building successful companies. CID operates offices in Indianapolis, Chicago and Columbus, Ohio.
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Contact: Robert J. O'Brien
Managing Director
CID Capital
317.269.2350
Raj R. Pai
Managing Director
CID Capital
312.578.5350
Susan Marks
CEO
Pinstripe, Inc.
262.754.5050