Goldman Sachs buys majority stake in HR-tech co. PeopleStrong

Goldman Sachs Alternatives, the private equity arm of Goldman Sachs, has acquired a majority stake in Gurugram-based human resources management firm PeopleStrong . The deal valued the company at INR 1,200 crore.Prior to the deal, Multiples Alternate Asset Management held a 84% stake in PeopleStrong, while founders own 2%. The remaining stake is held by angel investors and employees.PeopleStrong offers a HCM (Human Capital Management) platform with capabilities across applicant tracking systems (ATS), payroll, employee experience and talent management.