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Venture Capital & Private Equity
500
When we count the most exemplary self-made people of the present era with stories of humblest beginnings to great success, the name of Tom Gores indubitably comes up. Born in Israel in a family of six children, Tom began his career working at his uncle’s grocery store when he was just a teenager. Despite facing numerous challenges, Tom’s passion for entrepreneurship and desire to make a difference in the world helped him overcome these difficulties. In 1995, he founded Platinum Equity, a private equity firm that embodies the lessons of hard work, perseverance, and identification of undervalued assets that Tom learned throughout his life. Today, Platinum Equity is a prominent global investment firm with approximately $36 billion worth of assets under management. It has expert teams and investors working around the world from six different office locations, managing a diverse, global portfolio of companies operating in various industries, generating billions in revenue, and employing hundreds of thousands of people across the globe.
Platinum Equity has come a long way since its founding in 1995, with just $200,000 in seed capital. Today, the firm is a global investment powerhouse with over 50 companies in its portfolio, generating over $89 billion in aggregate revenue. However, with such rapid expansion comes challenges, and Platinum Equity is no exception.
As the firm grew to operate across various industries and locations, managing its large and diverse workforce of over 500 lead executives became increasingly complex. The existing HRIS and IT access management systems – ADP and Azure AD – proved inadequate in handling the scale and complexity of employee management across different locations, roles, and organizational structures. Consequently, manually synchronizing employee data, updating the Global Address List (GAL) and security groups, and managing accounts and access privileges became time-consuming and cumbersome tasks. To address these challenges, Platinum Equity’s Sysadmin recognized the need for a better way of accomplishing the entire operation iteratively without risking compliance and accuracy.
The Sysadmin looked up over the internet and consulted on a variety of forums if there was a way to automate onboarding process of new hires, processing role updates, and facilitating terminations efficiently and effectively across HR and IT systems. That was when it found Hire2Retire, a leading PIP or Prepackaged Integration Product, by RoboMQ, a leading API and data integration company. With Hire2Retire, the Sysadmin could not only automate all the HR-IT operations, as mentioned earlier but also achieve–
Venture Capital & Private Equity
500
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