Attorneys from Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C. represented Workterra, a leading innovator in cloud-based benefits administration and talent management, in its sale to CareerBuilder.
The purchase will significantly expand CareerBuilder’s product offering beyond recruitment into post-hire solutions and complete CareerBuilder’s evolution into a full-fledged human capital management company.
Founded in 2006, Workterra quickly built a reputation for delivering cutting-edge solutions to help manage the employee lifecycle. From onboarding and benefits administration to wellness and compliance, Workterra offers a configurable, unified system with one login and no outsourcing or third-party apps. More than 600,000 employees are on Workterra’s cloud- based solution today.
Leading the transaction on behalf of Workterra was Jeremy D. Glaser, Co-Chair of the firm’s Venture Capital & Emerging Companies Practice and Member of the Mergers & Acquisitions Practice. The Mintz Levin team also included Melanie D. Ruthrauff, Bardia Moayedi and Jacqulyn L. Lewis, Attorneys in the Mergers & Acquisitions Practice.