Thursday, April 24, 2014

PayScale Gets $100M From Warburg Pincus

Seattle-based PayScale, the online cloud service which lets both job seekers and companies track salary and compensation at employers, has raised $100M in a funding, round, the company said Thursday. The funding came from an affiliate of Warburg Pincus. According to PayScale, the new funding goes to recapitalize the company and fund growth. PayScale operates a giant database of salary and compensation information, which is used by individuals to see how they rank for pay; the database is also being used by companies to figure out how competitive they are with their own, individual pay scales and salary. PayScale said it was advised by Raymond James & Associates in the deal. More information »