Fieldglass sells majority stake to Madison Dearborn

by Matt Moog
October 29, 2010

(Crain's) — Madison Dearborn Partners LLC purchased a majority stake in Fieldglass Inc., which sells software to manage contract labor services. The Chicago-based private-equity firm and Fieldglass, also based in Chicago, declined to specify the size of the investment or stake.

Fieldglass founder and CEO Jai Shekhawat said in a news release that he and the company’s management team will retain a “significant” minority stake. He added in an interview that Madison Dearborn invested more than $200 million, and Fieldglass is now valued at more than $220 million.

 

 

Read the rest of the story on Crains Chicago Business.

Jobs at SAP Fieldglass

Chicago startup guides

LOCAL GUIDE
Best Companies to Work for in Chicago
LOCAL GUIDE
Coolest Offices in Chicago Tech
LOCAL GUIDE
Best Perks at Chicago Tech Companies
LOCAL GUIDE
Women in Chicago Tech