Appointment of Larry Dunivan as Executive Chair and Three Industry Leaders Signals HRSoft’s Next Phase of Growth Following Gryphon Investors Backing
DENVER, CO – HRSoft, a leading provider of compensation lifecycle management software, today announced the expansion of its board of directors following a strategic investment in HRSoft from Gryphon Investors, a San Francisco-based private investment firm. The company has appointed Larry Dunivan as Executive Chair of the board, alongside accomplished industry executives Gab Goncalves as Vice Chair, Mike Ehrenberg, and Teresa Creech as Board Members. These appointments reflect HRSoft’s next phase of growth, focused on accelerating product innovation, expanding its enterprise footprint, and pursuing strategic M&A opportunities.
“We are thrilled to welcome Larry, Gab, Mike, and Teresa to the HRSoft board. Their expertise across HR technology, enterprise software, and scaling growth businesses will be instrumental as we continue building the most flexible and enterprise-ready compensation platform in the market. This board strengthens our ability to scale with discipline while continuing to innovate for our customers.”
— Joe Poxson, Chief Executive Officer, HRSoft
Board Appointments
Larry Dunivan — Executive Chair of the Board
Larry Dunivan is a veteran HR technology executive with a proven track record of leading and scaling high-growth software companies. Most recently, he served as CEO of Namely, guiding the company through its successful sale to PrismHR / Vensure Employer Services. He previously served as Executive Chair and CEO of Mineral, which was acquired by Mitratech. Dunivan currently serves on several enterprise software boards and will provide strategic oversight as HRSoft accelerates its growth.
“HRSoft is at an exciting inflection point, and I’m honored to take on the role of Executive Chair at such a pivotal moment. The combination of Gryphon’s investment, an exceptional leadership team, and a product that truly solves the complex challenges of compensation management puts us in a strong position to accelerate growth and deliver real value to our customers.”
— Larry Dunivan, Executive Chair, HRSoft
Gab Goncalves — Vice Chair of the Board
Gab Goncalves is an accomplished enterprise software entrepreneur, investor, and operator with more than three decades of experience building and backing high‑growth B2B SaaS businesses. He currently serves as Executive Chair of Monument Software, a modern platform for self‑storage operators. Previously, Goncalves served as the Executive Chair for FieldRoutes, a Gryphon B2B SaaS portfolio company acquired by ServiceTitan. Earlier in his career, Goncalves founded PeopleAnswers, a pre‑employment selection and talent analytics company that he led for over a decade before its acquisition by Infor. A member of Gryphon Investors’ Executive Advisory Board since 2020, he now serves as Vice Chair of HRSoft, where he contributes a distinctive blend of deep technical fluency, enterprise software market insight, and private equity partnership experience to guide HRSoft’s long‑term strategy, growth investments, and go‑to‑market execution.
Mike Ehrenberg — Board Member
Mike Ehrenberg is a veteran technology executive with more than four decades of enterprise software experience, including 22 years at Microsoft where he served as a Technical Fellow and CTO of the Dynamics 365 Applications Group, one of the world’s most widely deployed enterprise business application platforms. Earlier in his career, Ehrenberg served as CTO and VP of Development at Frictionless Commerce, where he led the development of a supplier relationship management SaaS suite later acquired by SAP, and held the same role at Marcam Solutions overseeing ERP product strategy through its acquisition by Wonderware. Ehrenberg currently serves as an Executive Advisor at Gryphon Investors. His deep product and engineering leadership will help guide HRSoft’s platform roadmap as the company expands its enterprise capabilities.
Teresa Creech — Board Member
Teresa Creech is a highly respected executive with more than two decades of leadership across HR technology, workforce management, and contingent labor solutions. She currently serves as President, MBO Partners at Beeline where she leads corporate strategy and M&A. Before Beeline, Creech served as CEO of TalentWave, formed through the strategic merger of ICon Professional Services and Synergy Services, delivering workforce engagement solutions to Fortune 1000 companies globally. Her earlier career includes senior leadership roles at Randstad Sourceright and Kelly Services. Her practitioner depth and enterprise go-to-market experience will be invaluable as HRSoft strengthens customer relationships and continues to expand its market presence.
“HRSoft has established itself as a leader in compensation lifecycle management, addressing a critical and increasingly complex need for modern enterprises. We are excited to support the company’s next phase of growth alongside an exceptional leadership team and a highly experienced board. These appointments reinforce HRSoft’s strategic vision and position the company for continued innovation and expansion.”
— Jon Cheek, Partner & Co-Head of Gryphon Software Group
About HRSoft
HRSoft is a leading provider of compensation lifecycle management software, delivering Intelligence for the Next Era of Compensation. Its portfolio of compensation-focused solutions helps organizations simplify and optimize complex compensation programs. Learn more at www.hrsoft.com.
About Gryphon Investors
Gryphon Investors is a leading middle-market investment firm focused on competitively-advantaged companies in the Business Services, Consumer, Healthcare, Industrial Growth, Software, and Technology Solutions & Services sectors. With more than $10 billion in assets under management, Gryphon partners with management teams to accelerate the growth and generate enduring value through its integrated deal and operations business model. For more information, visit www.gryphoninvestors.com.
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Name: Abby Sandbach
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