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.

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