OneSource Virtual Announces $15 Million Investment

By Halyard Capital

Growth capital to support leading cloud-sourcing company’s expansion

(DALLAS) March 6, 2013– OneSource Virtual (OneSource), a Workday partner, today announced a $15 million investment from Halyard Capital that will support the growth and expansion of OneSource’s service offerings and capabilities.

Founded in 2008, OneSource Virtual has grown dramatically, more than doubling revenue in each of the past three years. The company has pioneered a new industry standard as the first organization to offer business process cloud-sourcing services and continues to enhance its solutions for its corporate customers. OneSource has a unique position in the Workday partner ecosystem with its ability to process North American payroll, benefits, taxes and garnishments within a customers’ Workday environment. In addition, OneSource provides deployment, training, and support services to Workday customers. Workday is a leader in enterprise cloud applications for human resources and finance.

“Halyard’s investment in our organization is a testament to our success to date and it opens up opportunities for accelerated growth in the years to come,” said Brian Williams, co-founder and CEO for OneSource Virtual. “Through our partnership, we look forward to supporting our clients’ successes and expanding OneSource Virtual in other markets.”
Recently ranked number 54 on the list of America’s Most Promising Companies by Forbes, OneSource is changing the way organizations of all sizes leverage technology through the use of a truly cloud-based solution.

“We are impressed with the tremendous growth OneSource Virtual has sustained over the past few years and are proud to be partnering with the company’s outstanding management team,” said Jonathan Barnes, partner at Halyard Capital. “Halyard’s investment in OneSource supports our investment thesis that there is a substantial market need to provide world-class, outsourced services to enterprise customers of all sizes.”
For additional information about OneSource Virtual’s offerings and services, please visit
www.onesourcevirtual.com.

About OneSource Virtual
OneSource Virtual is a team of certified Workday experts specializing in the deployment and delivery of the Workday platform to small- and medium-sized businesses while offering business process outsourcing services on one unified platform to companies of all sizes. OneSource Virtual is an established, strategic partner dedicated to delivering dynamic solutions to improve our clients’ business through a truly cloud-based, future-proof technology and efficient processes. Growing and global companies and business leaders partner with OneSource to best manage, analyze and grow their business’ value. Visit us at www.onesourcevirtual.com.

About Halyard Capital
Halyard Capital, a private equity firm with more than $600 million of capital under management, is focused on leveraged buyout and growth equity investments in Software, Information and Business Services companies. The firm has extensive experience and a proven track record within these industries, having invested in businesses that include Practice Insight, Digital Fortress, EducationDynamics, Datamyx and Presidio. Additional information regarding Halyard’s strategy, principals and investments can be found at www.halyard.com.

Media Contacts:

Kevin Hautzinger, OneSource Virtual
O: 972.916.9696
khautzinger@onesourcevirtual.com

Kerri Fulks, HCK2 Partners
Public Relations Support
O: 972.499.6617; C: 214.549.9837
kerri.fulks@hck2.com