Recruitment tech firms merger creates £100m global business

Technology talent solution businesses Xcede, TechStream and Etonwood have joined to create a £100m revenue global business.

In a merger funded by private equity firm Universal Partners and Investec Bank, the unified business now has more than 650 technology, engineering and digital consultants on client sites, and 220 internal employees across nine global offices.

Led by TechStream founder Paul Beeke, with Xcede CEO William Jacques as chief operating officer, the newly formed group will be headquartered in London, while the three companies now share a group parent company branded as TechStream Group.

Jacques said: “This merger brings together three specialist technology talent solution companies to form a much larger global offering focused on emerging technologies.

“By joining the businesses, we will expand our service into the US, Asia and MEA markets, whilst expanding our European operations.”

While the group will operate across its current global office network in London, New York, Berlin, Hamburg, Munich, Singapore, Malaga and Cape Town, each brand will continue to focus in on its own specialism. In particular this will focus on new and emergent technology covering cloud transformation, digital transformation, cyber security, data analytics, automation, IoT, RPA, embedded tech, CleanTech and GridTech.

• Comment below on this story. You can also tweet us to tell us your thoughts or share this story with a friend. Our editorial email is [email protected]

CONTRACTS & DEALS: 9-13 JUNE 2025

This week’s new contracts & deals include: Firefish Software, Jobmatch Sweden, Liquid Friday

Contracts 12 June 2025

NEW TO THE MARKET: 9-13 JUNE 2025

This week’s new launches include: Lattice, makethehire.com

New to Market 12 June 2025

BBC Studios appoints new director of HR

The BBC has appointed Jermaine Daw (pictured) as director of HR for BBC Studios, effective in June. 

People 28 May 2025

NEW TO THE MARKET: 27-30 MAY 2025

This week’s new launches include: Aston University, Four Squared Recruitment, Gi Group UK, itris X, ManpowerGroup

New to Market 27 May 2025
Top