PeopleStrong, a prominent provider of human capital management (HCM) software as a service (SaaS), announced today that Goldman Sachs Alternatives has acquired a majority stake in the company. This investment marks a significant step in PeopleStrong’s growth strategy within the Gulf Cooperation Council (GCC) region, particularly targeting markets in the UAE and Saudi Arabia.

The acquisition aligns with national initiatives focusing on Emiratisation and Saudization, as well as the broader movement towards digital transformation of the workforce throughout the region. PeopleStrong’s CEO emphasized that this partnership will enhance their capabilities to support regional businesses in adapting to these priorities.