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Fortune
Fortune
Luisa Beltran

Luminate Capital scores first acquisition for Fund IV, buying AbsenceSoft

(Credit: Courtesy of Luminate Capital)

The climate for mergers remains slow, but some private equity funds are still finding ways to do deals. That includes Luminate Capital Partners, the technology-focused fund from Hollie Haynes, which has just acquired AbsenceSoft.

The transaction closed last week, Fortune has learned. Founded in 2013, AbscenceSoft provides software that helps its more than 300 customers manage leaves, like maternal and paternity, as well as accommodations. Financial terms were not announced.

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