Sympa announced selling a majority stake to Providence.

Sympa, a Helsinki, Finland-based developer of a cloud-based HR system that allows you to integrate all of your personnel-related processes into a single package, announced getting into a a majority investment agreement with Providence.

The deal, which has financial details undisclosed, was made through Providence Strategic Growth, the London-based growth equity affiliate of premier asset management firm Providence Equity Partners.

Alfvén & Didrikson, an active, long-term backer of Nordic businesses with international growth potential, invested in Sympa in 2016 and will retain a minority stake alongside the company’s founding team.

PSG team members Edward Hughes, Aldo Mareuse, and Tobias Richter have joined Sympa’s board of directors.

Sympa, founded in 2005 by by CEO Keijo Karjalainen, is a cloud HR suite vendors in the Nordics. Its signature solution, Sympa HR, is a comprehensive HR platform that gives businesses advanced tools for automating a wide range of HR tasks and amplifies the expertise of HCM professionals.

Sympa’s team of 140 employees in 8 offices in 5 countries.