Chiltern Capital is making a significant growth capital investment in employee benefits SaaS provider PES (Premier Employment Solutions Limited), wearepes. PES specialises in providing online employee benefits, wellbeing and HR services to companies with up to 1,500 employees.
PES was founded as an employee benefits consultancy and started to focus on designing a SaaS employee benefits solution for smaller and mid-tier businesses in 2011. Since then PES has been offering clients an integrated employee benefits solution with an evolving, user-focused platform, expert benefits advice, employee communications, full back-office administration and an award-winning broking service.
“The investment will allow us to introduce further innovation to our technology and services,” said CEO Ian Rummels, who founded the company in 2001. “PES is committed to helping clients bring out the best in their employees so that their businesses can thrive. We already have a robust employee benefits solution. Now we can begin to realise our development plans and broaden its application to the wider employee experience. The investment means that we can continue to develop solutions that allow organisations in this sector to compete effectively with bigger companies. By creating an outstanding employee experience, regardless of company size, we’re helping to level the playing field for our clients.”
Chiltern Capital has taken a significant minority stake in the business and will take an active role in supporting the management team. Alex Sheffield of Chiltern Capital said “As investors, we focus on exciting businesses ready to take the next step. PES fits this profile perfectly. Over the last few months we have got to know Ian and the team well and we’re looking forward to supporting the business to develop.”
Alex Sheffield and Jonathan Marlow will join the Board.