ADURO Secures $22 Million From Abry Partners to Radically Shift the Health & Well-being Sector
REDMOND, Wash., Jan. 16, 2019
REDMOND, Wash., Jan. 16, 2019 /PRNewswire/ -- ADURO, the leading Human Performance company, is excited to announce a strategic investment from Abry Partners ("Abry"). Abry, a leading Boston-based private equity firm, manages over $5 billion of capital in its active funds and has completed more than $80 billion in transactions. ADURO, a top choice of Fortune 1000 corporations, will collaborate with Abry to accelerate innovation, fuel growth and expand globally.
"Wellness – as it's been known – is dead," said Dr. Darren White, Co-founder and Chief Executive Officer of ADURO. "We will continue to rearchitect and reinvigorate this broken, risk-only focused industry. We deliver a holistic, inclusive experience that opens the possibility for anyone to flourish," said Dr. White. "We are thrilled to partner with Abry to leverage their digital health expertise, extensive network and financial prowess as we transform this industry."
Tyler Wick, Partner at Abry commented, "ADURO has a remarkable track record. No other firm in this industry has grown to ADURO's level organically." Wick continued, "We were struck by their leadership team and their approach to unlocking human potential. Now is the opportunity to deliver their vision at scale." Wick will sit on ADURO's board of directors.
The Abry partnership will accelerate ADURO's innovation and delivery of Human Performance solutions to employers and health systems. Putting the individual at the center, ADURO supports all aspects of a person's life, which in turn drives engagement, productivity and inclusion.
"We've worked hard to challenge the industry's mindset," remarked ADURO's Chief Business Officer, Chris Dickinson. "Abry is the ideal partner for ADURO given their experience with large, scaling organizations. Among our choices, Abry stood above with their talent, connections and deep resources. And, frankly, we really like their team."
ADURO is grateful to the teams at Cascadia Capital and Wilson Sonsini Goodrich & Rosati for their support with the Abry transaction.
About Abry Partners
Abry is one of the most experienced and successful sector-focused private equity investment firms in North America. Since their founding in 1989, the firm has completed over $80 billion of leveraged transactions and other private equity or preferred equity placements. Currently, the firm manages over $5.0 billion of capital across their active funds. For more information about Abry, visit the firm's website at: www.abry.com.
ADURO is the leading human performance company, partnering with organizations to provide their people with strategies and tools that help them realize what is possible in their lives. It's proven that when employees are given the ability to define and achieve their own personal and professional goals, they bring that success to the workplace. Using a science-based human performance approach and an advanced digital platform, ADURO delivers a connected native experience that combines personalized content with human connection. ADURO supports the whole person across all transformational areas of life: health, finance, sustainability and personal growth, while building resilience in individuals and communities. As a result, ADURO has helped more than 1.5 million people be great at anything.
More information at adurolife.com
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SOURCE ADURO, Inc.