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]

APPOINTMENTS: 10-14 AUGUST 2020

This week’s appointments include: DoubleVerify, Pedersen & Partners, Resource Solutions, Scott Group

People 12 August 2020

iO Associates opens Tampa, Florida office

Tech, digital and engineering staffing specialists iO Associates has opened a new office in Tampa, Florida, headed up by Mark Lloyd (pictured).

New to Market 4 August 2020

CONTRACTS & DEALS: 3-7 AUGUST 2020

This week’s new contracts & deals include: Coding Ninjas, CV-Library, Hirist, Kingdom Services Group, Recruitly, Robin Recruitment Healthcare

Contracts 4 August 2020

Implications of HMRC’s IR35 win in Hawksbee case unclear

IR35 experts say it is too early to say what the implications are of a rare win for HMRC in a case involving radio and comedy writer Paul Hawksbee.

Legislation 29 July 2020
Top