Making every second count

Sapience helps firms improve employee performance by making time spent at the desk more accountable

The team behind an employee performance monitoring service, Sapience, is not new to IT or start-ups. From their first company Frontier Software that was acquired by Veritas to their second venture in-Reality that was acquired by Symphony Services, they have had a record of successful takeovers following a full-scale company. Sapience, however, started as a product with no intention of evolving into a company.

Last week, Sapience saw its investor Indian Angel Network (IAN) exit to make way for Credit Suisse-backed NEXT taking over the reins. Greg Grimaldi, portfolio manager, NEXT Investors, at Credit Suisse Asset Management, said, “With operational