EQT, through its EQT X fund, and Canada Pension Plan Investment Board (CPP Investments) have entered into an agreement to acquire NEOGOV, a leading provider of cloud-native HR and compliance software tailored for U.S. public sector agencies, from Warburg Pincus and Carlyle. Serving nearly 10,000 organizations across North America, NEOGOV’s platform supports the full public sector employee lifecycle, from recruitment to compliance, helping agencies improve operational efficiency while adhering to local regulations.
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EQT and CPP aim to accelerate NEOGOV’s growth by enhancing AI capabilities and driving product innovation. “We are excited to partner with Shane and the NEOGOV team, who are operators at the highest levels,” said Arvindh Kumar, Partner and Co-Head of EQT’s Global Technology Team. The transaction, which aligns with CPP’s strategy to invest in high-quality software firms, is expected to close in the coming months pending customary approvals.
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