Adepto is the first total talent ecosystem bringing your internal & external workers together in one place.

Adepto was a SaaS-based software business that developed an HR system for (primarily) large enterprise. Their system, known as Total Talent, manages the internal and external talent and resource network that a firm has, so that the firm can effectively resource and manage projects in their business, whether with the use of internal permanent staff or irregular external contractors.

Adepto’s software is one of the only HR software systems in the market which contains a database of the skills of each employee. By using Adpeto, enterprises could reduce their cost of recruitment. In December 2019 Adepto was sold to Degreed, the US HR business.

Triple Point's Exit from Adepto

In December 2019, Adepto agreed a share sale to Degreed, Inc, the US learning and development business.

Degreed, which organically doubled its revenue last financial year, saw the opportunityto use Adepto’s skills-based HR system to help cross-sell and further grow its existing products.

From this sale, the VCT chose to receive shares in Degreed which has resulted in an unrealised investment IRR of over 20% in less than a year, with further growth expected for VCT shareholders over the course of the next 2-3 years.