Today, Alku is proud to announce that New Mountain Capital, a New York-based private equity firm, has made a majority investment in the company. Joining New Mountain in this investment is FFL Partners, WestView Capital Partners, and Alku’s own founder and CEO Mark Eldridge. With this exciting news, Alku expects to surpass a billion dollars in revenue by 2025.
“We are thrilled that our current partners have decided to reinvest in us and continue their support,” said Eldridge. “With their experience in human capital management, life sciences and other key markets, we’re confident that this new partnership will accelerate our growth and success.”
It’s been an incredible journey for Alku since it was founded in 2008, and in that time, the company has grown to a close to $600 million in revenue. With the support of their new investment, Alku is ready to take the next step and reach the billion-dollar mark.
“Mark and the Alku leadership team have built a true market-leader,” said Lars Johansson, managing director at New Mountain Capital. “Their expertise in specialized talent in the areas of life sciences, enterprise cloud technology, data science and cybersecurity puts them in a great position to reach