Global leader in staffing and recruitment software acquires one of its largest competitors in the US
21st October 2010, LONDON, UK: Bond International Software http://www.bondinternationalsoftware.com/, the global leader in staffing and recruitment software, has acquired VCG http://www.vcgsoftware.com/, one of the US’s leading staffing and recruiting software developers, at a cost of $9 million.
The merger significantly strengthens Bond’s position as the largest global provider of staffing and recruitment software, allowing Bond to secure an important additional portion of the US market. Customers of both companies will be able to take advantage of the combined portfolio of products, expertise and available support.
Steve Russell, Chief Executive of Bond International Software, comments, “Clearly this acquisition is an exciting moment in our company’s history and will allow us to secure ourselves a highly enviable position in the staffing software market, from both a US perspective and internationally. The clear synergies between the two companies and their respective offerings provide us with the confidence that no changes to brands, products, company structure or delivery of the products are required – clearly a huge advantage in any acquisition.”
Steve Taylor, President and CEO of VCG, said, “Together, Bond and VCG are uniquely positioned to provide staffing organisations with the most comprehensive set of solutions available in the marketplace. The resulting product portfolios will ensure that staffing companies will be able to choose from several available options to best meet their needs.”
Bond International Software has a strong, successful history in acquisitions, both in the US and the UK, and has diversified from a provider of staffing software into a major player within the wider human capital management arena.