The Institute for Corporate Productivity (i4cp) announced a strategic investment from M|C Partners, which is a Boston-based private equity firm focused on businesses in the technology services and digital infrastructure sectors. The funding will support additional growth opportunities for i4cp, which is a leading authority on next practices in human capital.
Launched in 2007, i4cp produces more HR-related research than any other firm in the world. The company provides thought leadership and enables peer interactions that help HR teams from leading enterprises navigate a complex and evolving set of challenges, ultimately saving time and delivering better outcomes for the employees that they serve. And through its subscription model i4cp has been consistently growing over the last several years.
The company also announced that Terry Waters will be appointed CEO and a member of the i4cp Board of Directors to guide the company in its next phase. Waters is an experienced CEO, business operator, and go-to-market strategist. His extensive experience in the industry includes CEO of Yankee Group and President for Evanta before a sale to the Corporate Executive Board (CEB). Before that, Waters spent 18 years at Gartner (NYSE: IT) in various leadership roles. Waters started his career in sales at Xerox Corporation after graduating from the College of the Holy Cross.
Oakes will continue at the company in a leadership and executive capacity focused on continuing i4cp’s human capital thought leadership, expanding the firm’s advisory offerings, partnering with the firm’s customers on strategic culture and talent issues and as a member of the Board of Directors.
Advisors/Counsel: Intrepid Investment Bankers acted as the financial advisor to i4cp and Cooley served as legal counsel to the company. Choate, Hall & Stewart served as legal counsel for M|C Partners.
KEY QUOTES:
“We’re excited to join forces with M|C Partners as we enter the next phase of growth for i4cp. We’re fortunate to have so many high-performance organizations in our membership, and it’s rewarding to see the impact our research and community has on their organizational culture, workforce productivity, and ultimately market performance. That’s a testament to the expertise and diligence of our entire team, and I look forward to continuing to invest in our offering and scaling to serve more organizations.”
– Kevin Oakes, i4cp’s co-founder
“I am honored to join i4cp as CEO. Today, as enterprises grapple with strategic human capital issues such as the impact of GenAI on their workers, managing hybrid teams and on delivering a great employee experience, i4cp has a critical role to play partnering with and supporting CHROs and their leadership teams. I am excited to partner with Kevin as well as work with the incredible team at i4cp to expand and enhance our offerings and stay at the forefront of human capital next practices to guide our customers.”
– Terry Waters
“With Kevin’s vision and leadership for nearly two decades, i4cp has established itself as a differentiated leader in the delivery of HR research, advisory and membership services – focused on real world challenges and sharing of next practices. We see tremendous opportunity to bring i4cp’s thought leadership, advisory and community offerings to even more organizations. Terry’s background scaling information services businesses makes him ideally suited for this opportunity and we look forward to partnering with Terry, Kevin and the rest of the i4cp team.”
– Julia Senior, Partner at M|C Partners
