PeopleStrong, a leading regional human capital management SaaS provider, announced that the private equity business within Goldman Sachs Alternatives has acquired a majority stake in the company.
The acquisition underscores the company’s ambitious growth strategy in the GCC region, with a particular focus on key markets such as UAE and Saudi Arabia, the company said.
The expansion aligns closely with national priorities around Emiratisation, Saudisation and the broader push for workforce digital transformation across the region, it said.
Goldman Sachs backs PeopleStrong
Sandeep Chaudhary, CEO of PeopleStrong, said the company has remained focused on balanced, sustainable growth and are proud to stand out today as one of the few EBITDA-positive SaaS companies with a leading market position.
“We are excited to join forces with Goldman Sachs. With their global expertise in SaaS and AI, we look forward to driving the next phase of our growth together through continued innovation and operational excellence,” he said.
Rajat Sood, a Managing Director in Growth and Corporate Equity Investing at Goldman Sachs, said PeopleStrong stands at the intersection of talent and technology, delivering real, measurable value to its customers at scale through its technology-led human capital management solutions.
“We look forward to supporting this management team and company’s next stage of growth by leveraging the global resources and network of Goldman Sachs,” he said.
Mrigank Tripathi, President – Growth, PeopleStrong, said to support long-term expansion, the company will invest in R&D to tailor solutions for the Middle East’s evolving regulatory and operational landscape.
“PeopleStrong is also actively pursuing strategic partnerships to deepen our footprint across the GCC and broader MENA region. To support this growth, we will continue to strengthen our on-the-ground team across sales, support and key functional areas,” he said.
PeopleStrong maintains operational teams in Dubai with strategic engagements across key Emirates and major cities in Saudi Arabia.
The company offers a comprehensive, AI-powered HCM platform with robust capabilities across applicant tracking systems (ATS), payroll, employee experience and talent management.
It serves leading organisations across key industry verticals, including banking, financial services and insurance (BSFI), retail, aviation, healthcare and manufacturing.
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