TA Associates invests in OneSource Virtual

● GROWTH | HR/PAYROLL

JANUARY 7, 2026

TA Associates invests in OneSource Virtual

TARGET

OneSource Virtual delivers patented in-tenant technology and expert services automating Workday payroll, taxes, payments, and benefits for over 1,000 enterprise customers.

Ownership	PE-backed
Investors	Technology Crossover Ventures (TCV), Halyard Capital
Capital raised	$171M
Headcount	902 FTEs
Headquarters	Dallas, Texas
Leadership	John Bax, Chief Executive Officer
Sell-side advisor	—

INVESTOR

TA Associates

Boston-based growth equity and buyout firm

Ownership	—
Headquarters	Boston, Massachusetts
Deal leads	Roy Burns, Managing Director Harry Taylor, Managing Director
Buy-side advisor	—

Share deal Copy details View press release ↗

TA Associates -> OneSource Virtual  (2026-09-11)
growth_investment | HR/Payroll | announced
Target: OneSource Virtual delivers patented in-tenant technology and expert services automating Workday payroll, taxes, payments, and benefits for over 1,000 enterprise customers.
Website: onesourcevirtual.com | Buyer site: ta.com
HQ: Dallas, Texas | Ownership: pe-backed
Advisors - not yet credited
Source: Thematic - https://thematichq.com/software/d/ta-associates-onesource-virtual.html

Spotted an error or advised on this transaction? Claim credit or send a correction

MORE IN HR/PAYROLL

Recruiter.com (Mainstreet.com) acquires Feenyx

AI-scored skills assessments, async/live interviews, fraud detection, and candidate verification software for corporate recruiting and staffing teams

CoreHealth Technologies (Carebook Technologies) acquires Konnected Workplace Wellness Inc.

Managed workplace wellness platform and expert-led program delivery service for employers, providing health assessments, habit tracking, rewards, and HRIS-integrated engagement tools

TAG Software Group (Valsoft Corporation) acquires UnionTrack

Member dues, communications, grievance tracking, and organizing software for labor unions and labor associations across North America

Lattice acquires Pando

Competency-based career progression and continuous performance software for HR and people teams, replacing episodic annual reviews with real-time, evidence-based calibration

Hollyport Capital (Viking Growth) takes a minority stake in Talentech

€160m Invested — Recruitment, onboarding, and talent management SaaS platform serving SMEs, large enterprises, and public-sector organisations across the Nordic region

BV Investment Partners invests in Thomas & Company

Unemployment cost management, employment and wage verification, and tax exposure management software and services for large U.S. employers, delivered via a proprietary records database and purpose-built technology platform

Browse the full register →

PAST ISSUES CONTACT

Thematic is a news publication, not an investment adviser. Nothing here is investment advice or a recommendation to buy or sell any security. Researched and compiled by Thematic; accuracy and completeness are not guaranteed.