H.I.G. Growth Portfolio Company Worksuite Expands Leadership Team Following Record Year
SAN FRANCISCO – March 5, 2024 – H.I.G. Growth Partners (“H.I.G. Growth”), the dedicated growth capital investment affiliate of H.I.G. Capital, is pleased to announce that its portfolio company Worksuite has appointed Ray Grady as CEO. This appointment follows other recent senior leadership additions, including Dave Colford as COO/CRO and Ryan Doyle as VP of Finance and Operations, following a record year for the company.
Ray Grady brings a wealth of experience to his new role as CEO of Worksuite. He has a successful track record in executive leadership positions at companies including Salesforce, Acquia, and CloudCraze. In his most recent role at Conexiom, he built out the entire product and engineering teams, more than doubling revenue and introducing multiple new product offerings during his tenure.
Dave Colford and Ryan Doyle bring a strong combination of expertise to their new roles. Dave has an extensive background in sales and marketing, having previously served as Chief Revenue Officer at Dodge Construction Network and President / Chief Revenue Officer at Hanley Wood / Metrostudy. Ryan has a proven track record in financial management and operations for organizations including EY and Highwire. Their combined experience will be critical in enabling Worksuite to continue its growth and momentum.
“We are thrilled to welcome Ray to the Worksuite team,” said Ross Hiatt, Head of H.I.G. Growth. “His experience and expertise, combined with the recent additions of Dave and Ryan, will be invaluable in driving the continued success and growth of the company.”
Ray Grady, the new CEO of Worksuite, said, “We believe that the global workforce is going through a foundational shift to contract, part time and gig work, and Worksuite will be a beneficiary of this macro trend. Worksuite’s end-to-end freelancer management platform is a game-changer for organizations looking to build and manage their own expanding contractor networks. With my experience in driving growth and innovation, as well as our partnership with H.I.G. Growth, we are well-positioned to continue to expand and to deliver exceptional value to our customers.”
This announcement follows H.I.G.’s strategic growth investment in Worksuite in 2023. The addition of these experienced executives to the leadership team is a key step in further accelerating the success and growth of the company as it revolutionizes the way modern organizations manage contractor networks on a global scale.
About Worksuite
Worksuite is a leading provider of an end-to-end freelancer management SaaS platform, enabling organizations to build and manage their own contractor networks. The company combines best-in-class features such as freelancer talent management, job collaboration & productivity, automated compliance, and payments. Worksuite enables companies to recruit, onboard, manage, and pay freelance workers on one centralized platform, generating significant ROI through gains in project productivity and reduction in administrative costs. Founded in 2016, Worksuite has grown rapidly and now serves a blue-chip customer base of over 200 companies.
About H.I.G. Growth Partners
H.I.G. Growth Partners is the dedicated growth capital investment affiliate of H.I.G. Capital, a leading global alternative investment firm with $60 billion of equity capital under management.* H.I.G. Growth seeks to make both majority and minority investments in strong, growth-oriented businesses located throughout North America, Europe, and Latin America. H.I.G. Growth Partners considers investments across all industries but focuses on certain high-growth sectors where it has extensive in-house expertise, such as technology, healthcare, internet and media, consumer products and technology-enabled financial and business services. H.I.G. Growth strives to work closely with its management teams to serve as an experienced resource, providing broad-based strategic, operational, recruiting, and financial management services from a vast in-house team and a substantial network of third-party relationships. For more information, please refer to the H.I.G. website at HIGgrowth.com.