Company Overview - NEOGOV, founded in 2000 and headquartered in El Segundo, California, provides cloud-based human capital management and compliance software specifically designed for the public sector, serving nearly 10,000 organizations across North America [2][12] - The company's software suite supports the entire employee lifecycle, including recruitment, onboarding, performance management, and compliance management, ensuring agencies adhere to local policies and regulations [2][12] Transaction Details - Warburg Pincus and Carlyle have signed a definitive agreement to sell NEOGOV to EQT X fund and Canada Pension Plan Investment Board, highlighting NEOGOV's strong position in the government HR and compliance software market [1] - The transaction is subject to customary conditions and approvals, with completion expected in the coming months [7] Growth and Performance - During its nine-year partnership with Warburg Pincus, NEOGOV has significantly scaled its platform and expanded its product offerings, achieving consistent top-line growth [3] - The leadership at Warburg Pincus expressed confidence in NEOGOV's future success and its ability to continue thriving under new ownership [3][5] Investment Background - Warburg Pincus has invested over $36 billion in technology companies since its inception, indicating a strong commitment to growth in enterprise technology and cloud-based platforms [4] - Carlyle, with $453 billion in assets under management as of March 31, 2025, focuses on creating value through its investments across various sectors [10]