Human capital management software provider Greenshades Software has named Vince Murdica as CEO, replacing co-founder David Rosas who will transition to a senior advisory role after 23 years leading the Jacksonville, Florida-based company.
The leadership change comes as Greenshades, backed by financial sponsors WayPoint Capital Partners and ACE & Company, looks to accelerate growth in the expanding human capital management market.
Focus on industry-specific solutions
Murdica brings more than 25 years of software-as-a-service experience to the role, most recently serving as global head of growth for human resources compliance at Mitratech. He previously worked as chief revenue officer at Mineral, where he grew the company from under $10 million in annual recurring revenue to over $100 million and nearly 2 million customers.
“While many human capital management companies have pursued broad, one-size-fits-all solutions for the entire market, Greenshades has taken the opposite approach,” Murdica said. “We’ve created, from the ground up, a suite of purpose-built human capital management software solutions for the specific needs of vertical markets, such as the staffing, light industrial and transportation markets.”
Strong foundation for growth
Greenshades has built its customer base to more than 4,000 U.S. companies since launching in 2002, including Goodwill, Papa John’s and the University of Denver. The company’s payroll, human resources and tax services now support over 2 million employees.
Rosas, who co-founded the company, said he is ready to welcome new leadership for the next growth phase. “Vince is the perfect leader to take us into this next chapter,” Rosas said. “I look forward to moving into a senior adviser role and partnering with him to chart Greenshades’ next phase as we continue our leadership in human capital management software.”
Market expansion opportunities
The human capital management market is expected to grow from $23.89 billion in 2024 to $39.32 billion in 2029, representing a compound annual growth rate of 10 percent, according to the Business Research Company. Growth drivers include cloud-based human resources management software adoption, e-commerce sector expansion and continuing globalization.
Murdica has led teams through various growth stages, including venture capital funding, private equity ownership and successful acquisitions. He previously held senior sales and general manager positions at technology companies including Ambiq Micro, Ozmo Devices and Atmel.
